15,469 Shares in Federal Realty Investment Trust $FRT Purchased by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. purchased 15,469 shares of Federal Realty Investment Trust, valuing the stake at approximately $1.5 million during Q1.
• Federal Realty Investment Trust announced a dividend increase to $1.13 per share, representing a 4.5% yield, scheduled for payment on October 15th.
• Brokerages are showing mixed confidence with recent price targets; Wells Fargo raised its target to $116, while Barclays reduced it to $105.

Landscape Capital Management L.L.C. purchased a new stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,469 shares of the real estate investment trust's stock, valued at approximately $1,513,000.

Other institutional investors have also made changes to their positions in the company. First Trust Advisors LP grew its position in shares of Federal Realty Investment Trust by 18.9% in the 4th quarter. First Trust Advisors LP now owns 15,494 shares of the real estate investment trust's stock valued at $1,734,000 after buying an additional 2,463 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Federal Realty Investment Trust by 1.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 49,252 shares of the real estate investment trust's stock valued at $5,514,000 after buying an additional 730 shares during the last quarter. Northern Trust Corp boosted its holdings in Federal Realty Investment Trust by 73.4% in the 4th quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust's stock valued at $138,231,000 after purchasing an additional 522,531 shares during the period. AQR Capital Management LLC raised its holdings in shares of Federal Realty Investment Trust by 3.9% during the 4th quarter. AQR Capital Management LLC now owns 104,207 shares of the real estate investment trust's stock valued at $11,660,000 after buying an additional 3,941 shares in the last quarter. Finally, Utah Retirement Systems lifted its stake in shares of Federal Realty Investment Trust by 2.2% in the 4th quarter. Utah Retirement Systems now owns 13,933 shares of the real estate investment trust's stock valued at $1,560,000 after acquiring an additional 300 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on FRT. Wall Street Zen upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Evercore ISI decreased their price target on Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Wells Fargo & Company upped their target price on Federal Realty Investment Trust from $113.00 to $116.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Mizuho upped their target price on Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Finally, Barclays cut their price objective on Federal Realty Investment Trust from $106.00 to $105.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $110.79.

Federal Realty Investment Trust Stock Up 1.0%

NYSE:FRT traded up $0.94 during trading hours on Wednesday, hitting $100.08. 319,899 shares of the company's stock traded hands, compared to its average volume of 785,022. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market cap of $8.63 billion, a P/E ratio of 25.34, a P/E/G ratio of 3.84 and a beta of 1.16. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34. The stock's fifty day moving average price is $95.06 and its two-hundred day moving average price is $95.90.

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

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a $1.13 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.5%. This is a boost 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%.

About Federal Realty Investment Trust

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.