Federal Realty Investment Trust $FRT Stock Position Reduced by Meiji Yasuda Asset Management Co Ltd.

Key Points

• Meiji Yasuda Asset Management Co Ltd. decreased its holdings in Federal Realty Investment Trust by 14.3%, owning approximately $9.37 million worth of shares after selling over 15,000 shares in the first quarter.
• Federal Realty Investment Trust announced a quarterly dividend increase from $1.10 to $1.13 per share, representing a 4.4% yield, with the ex-dividend date set for October 1st.
• Analysts have maintained positive outlooks for Federal Realty Investment Trust, with a consensus price target of $110.79 and an average rating of "Moderate Buy."

Meiji Yasuda Asset Management Co Ltd. reduced its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 14.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 95,735 shares of the real estate investment trust's stock after selling 15,917 shares during the quarter. Meiji Yasuda Asset Management Co Ltd. owned approximately 0.11% of Federal Realty Investment Trust worth $9,365,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its position in shares of Federal Realty Investment Trust by 43.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust's stock worth $59,922,000 after buying an additional 184,557 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Federal Realty Investment Trust by 21.5% in the 1st quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust's stock worth $284,000 after buying an additional 514 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in shares of Federal Realty Investment Trust by 6.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 40,337 shares of the real estate investment trust's stock worth $3,946,000 after buying an additional 2,477 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Federal Realty Investment Trust by 2.4% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 11,041 shares of the real estate investment trust's stock worth $1,080,000 after buying an additional 264 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Federal Realty Investment Trust by 59.4% in the 1st quarter. Millennium Management LLC now owns 226,358 shares of the real estate investment trust's stock worth $22,142,000 after buying an additional 84,308 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FRT. Raymond James Financial cut their price objective on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Mizuho boosted their price target on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. UBS Group dropped their price target on shares of 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. Evercore ISI dropped their price target on shares of 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. Finally, Scotiabank boosted their target price on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and an average target price 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 stock has a 50 day simple moving average of $96.08 and a 200 day simple moving average of $95.76. The company has a market capitalization of $8.78 billion, a PE ratio of 25.76, a P/E/G ratio of 3.89 and a beta of 1.16. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. 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 released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.18. The business had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $1.69 earnings per share. On average, research 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 given a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. This represents a $4.52 dividend on an annualized basis and a yield of 4.4%. Federal Realty Investment Trust's payout ratio is presently 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.