MQS Management LLC Takes Position in Federal Realty Investment Trust (NYSE:FRT)

MQS Management LLC bought a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,397 shares of the real estate investment trust's stock, valued at approximately $821,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Federal Realty Investment Trust by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust's stock worth $1,459,947,000 after buying an additional 218,671 shares during the last quarter. Norges Bank purchased a new position in Federal Realty Investment Trust in the fourth quarter worth about $810,544,000. Resolution Capital Ltd raised its holdings in shares of 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 purchasing an additional 389,266 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Federal Realty Investment Trust by 41.4% during the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after purchasing an additional 893,258 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Federal Realty Investment Trust by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust's stock valued at $227,457,000 after purchasing an additional 77,783 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Down 0.3%

Shares of Federal Realty Investment Trust stock traded down $0.25 during trading on Monday, hitting $94.64. The stock had a trading volume of 94,000 shares, compared to its average volume of 772,106. The firm's fifty day simple moving average is $95.35 and its 200-day simple moving average is $99.05. The stock has a market cap of $8.12 billion, a PE ratio of 27.11, a PEG ratio of 3.79 and a beta of 1.09. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.72 and a quick ratio of 1.72. 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 announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The company had revenue of $302.29 million during the quarter, compared to analyst estimates of $307.55 million. During the same quarter last year, the business posted $1.64 EPS. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.65%. Federal Realty Investment Trust's dividend payout ratio is currently 126.07%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FRT shares. Scotiabank reissued an "outperform" rating on shares of Federal Realty Investment Trust in a report on Wednesday, May 21st. Raymond James Financial cut their target price on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Citigroup restated a "neutral" rating and set a $106.00 target price (down from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Wall Street Zen lowered shares of Federal Realty Investment Trust from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Wells Fargo & Company dropped their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of "Hold" and a consensus target price of $112.07.

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.