MBB Public Markets I LLC Acquires New Position in Federal Realty Investment Trust $FRT

Key Points

• MBB Public Markets I LLC invested approximately $318,000 in Federal Realty Investment Trust by acquiring 3,252 shares in the first quarter.
• Federal Realty Investment Trust recently increased its quarterly dividend to $1.13, and has a dividend yield of 4.5%.
• The company reported $1.91 EPS for the last quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 5.2%.

MBB Public Markets I LLC acquired a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,252 shares of the real estate investment trust's stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC purchased a new position in Federal Realty Investment Trust during the first quarter valued at $52,017,000. Hsbc Holdings PLC grew its stake in Federal Realty Investment Trust by 123.9% during the first quarter. Hsbc Holdings PLC now owns 746,159 shares of the real estate investment trust's stock valued at $72,634,000 after acquiring an additional 412,843 shares in the last quarter. Resolution Capital Ltd grew its stake in Federal Realty Investment Trust by 12.4% during the fourth quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock valued at $394,417,000 after acquiring an additional 389,266 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Federal Realty Investment Trust by 62.6% during the fourth quarter. Nuveen Asset Management LLC now owns 683,114 shares of the real estate investment trust's stock valued at $76,475,000 after acquiring an additional 263,020 shares in the last quarter. Finally, APG Asset Management US Inc. grew its stake in Federal Realty Investment Trust by 111.4% during the first quarter. APG Asset Management US Inc. now owns 382,214 shares of the real estate investment trust's stock valued at $37,071,000 after acquiring an additional 201,390 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on FRT. UBS Group cut their target price on shares of 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. Barclays dropped their price objective on shares of Federal Realty Investment Trust from $106.00 to $105.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Evercore ISI dropped their price objective on shares of 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. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, May 26th. Finally, Wall Street Zen raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust has an average rating of "Moderate Buy" and a consensus price target of $109.31.

Federal Realty Investment Trust Trading Down 0.1%

Shares of Federal Realty Investment Trust stock traded down $0.06 during trading on Friday, hitting $101.74. The stock had a trading volume of 556,679 shares, compared to its average volume of 656,738. The firm's fifty day simple moving average is $96.08 and its 200-day simple moving average is $95.76. The stock has a market cap of $8.78 billion, a PE ratio of 25.76, a PEG ratio of 3.89 and a beta of 1.16. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its earnings results 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. The firm had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The business's revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $1.69 EPS. As a group, sell-side analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Wednesday, October 1st. This is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's dividend payout ratio (DPR) is 111.39%.

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.