JPMorgan Chase & Co. Has $231.64 Million Holdings in Federal Realty Investment Trust (NYSE:FRT)

Key Points

• JPMorgan Chase & Co. reduced its stake in Federal Realty Investment Trust by 48.6%, holding approximately 2.76% of the company valued at $231.6 million.
• Federal Realty Investment Trust announced a quarterly dividend increase to $1.13 per share, reflecting an annualized yield of 4.8%.
• The company's latest earnings report showed $1.91 earnings per share, exceeding analyst expectations of $1.73, with a year-over-year revenue increase of 5.2%.

JPMorgan Chase & Co. reduced its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 48.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,368,047 shares of the real estate investment trust's stock after selling 2,237,903 shares during the period. JPMorgan Chase & Co. owned approximately 2.76% of Federal Realty Investment Trust worth $231,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc grew its stake in shares of Federal Realty Investment Trust by 82.3% in the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 130 shares during the period. Park Square Financial Group LLC bought a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at approximately $30,000. Federated Hermes Inc. grew its position in Federal Realty Investment Trust by 143.9% during the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 200 shares during the last quarter. CX Institutional bought a new stake in Federal Realty Investment Trust during the 1st quarter worth approximately $44,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Federal Realty Investment Trust during the 4th quarter worth approximately $51,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Trading Up 0.1%

Shares of FRT stock traded up $0.13 during trading hours on Friday, reaching $93.86. The company had a trading volume of 1,840,872 shares, compared to its average volume of 890,010. The company has a 50 day moving average of $94.49 and a 200 day moving average of $96.82. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 3.73 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 posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.18. The company had revenue of $302.48 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $1.69 EPS. On average, equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a $1.13 dividend. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.8%. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 111.39%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Evercore ISI decreased their price target on Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. UBS Group decreased their price target on Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating on the stock in a research report on Monday, June 16th. BMO Capital Markets restated an "outperform" rating and set a $110.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Barclays assumed coverage on Federal Realty Investment Trust in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $106.00 price target on the stock. Finally, Wall Street Zen upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and a consensus price target of $110.14.

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.