Hsbc Holdings PLC Grows Position in Federal Realty Investment Trust $FRT

Key Points

• Hsbc Holdings PLC increased its stake in Federal Realty Investment Trust by 123.9% in the first quarter, owning about 746,159 shares valued at approximately $72.6 million.
• The company announced a dividend increase to $1.13 per share, representing an annualized yield of 4.7%, set to be paid on October 15th.
• Federal Realty Investment Trust reported a Q2 EPS of $1.91, surpassing expectations, with a revenue of $302.48 million.

Hsbc Holdings PLC lifted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 123.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 746,159 shares of the real estate investment trust's stock after buying an additional 412,843 shares during the quarter. Hsbc Holdings PLC owned approximately 0.87% of Federal Realty Investment Trust worth $72,634,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Resolution Capital Ltd raised its stake in shares of Federal Realty Investment Trust by 12.4% during the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock worth $394,417,000 after buying an additional 389,266 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Federal Realty Investment Trust by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,302,823 shares of the real estate investment trust's stock worth $127,442,000 after buying an additional 17,634 shares during the period. Northern Trust Corp raised its stake in shares of Federal Realty Investment Trust by 3.6% during the 1st quarter. Northern Trust Corp now owns 1,279,688 shares of the real estate investment trust's stock worth $125,179,000 after buying an additional 44,935 shares during the period. Centersquare Investment Management LLC raised its stake in shares of Federal Realty Investment Trust by 16.2% during the 1st quarter. Centersquare Investment Management LLC now owns 1,211,041 shares of the real estate investment trust's stock worth $118,464,000 after buying an additional 169,025 shares during the period. Finally, Rush Island Management LP raised its stake in shares of Federal Realty Investment Trust by 18.1% during the 4th quarter. Rush Island Management LP now owns 1,188,734 shares of the real estate investment trust's stock worth $133,079,000 after buying an additional 182,120 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Trading Down 0.2%

NYSE:FRT traded down $0.25 during trading hours on Tuesday, hitting $98.90. The company had a trading volume of 132,176 shares, compared to its average volume of 787,530. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. The company has a 50-day moving average of $94.56 and a 200 day moving average of $96.21. The company has a market cap of $8.53 billion, a P/E ratio of 25.01, a P/E/G ratio of 3.81 and a beta of 1.14. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.18. The company had revenue of $302.48 million during the quarter, compared to analysts' expectations of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.69 EPS. Sell-side analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.6%. The ex-dividend date is Wednesday, October 1st. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 111.39%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FRT shares. UBS Group reduced their target price on Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. Scotiabank reissued an "outperform" rating on shares of Federal Realty Investment Trust in a research note on Wednesday, May 21st. Wall Street Zen raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. JPMorgan Chase & Co. downgraded Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price objective for the company. in a research note on Monday, June 23rd. Finally, Raymond James Financial reduced their price objective on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $110.43.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.