Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by Nan Fung Trinity HK Ltd.

Key Points

• Nan Fung Trinity HK Ltd. has increased its holdings in Federal Realty Investment Trust by 31.4%, now owning 64,000 shares worth approximately $6.26 million.
• Multiple hedge funds have also increased their stakes in Federal Realty Investment Trust, with ownership by institutional investors now totaling 93.86%.
• Federal Realty Investment Trust reported earnings of $1.70 per share for the last quarter, which exceeded analysts' expectations, although revenue fell short of estimates at $302.29 million.

Nan Fung Trinity HK Ltd. lifted its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 31.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,000 shares of the real estate investment trust's stock after purchasing an additional 15,300 shares during the quarter. Nan Fung Trinity HK Ltd. owned about 0.07% of Federal Realty Investment Trust worth $6,260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc increased its holdings in shares of Federal Realty Investment Trust by 82.3% during the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock worth $28,000 after buying an additional 130 shares during the last quarter. Park Square Financial Group LLC purchased a new position in Federal Realty Investment Trust in the fourth quarter worth approximately $30,000. Federated Hermes Inc. grew its position in Federal Realty Investment Trust by 143.9% in the first 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 period. CX Institutional acquired a new stake in Federal Realty Investment Trust during the first quarter worth $44,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Federal Realty Investment Trust in the fourth quarter valued at $51,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Down 1.3%

Shares of Federal Realty Investment Trust stock traded down $1.24 during trading hours on Wednesday, reaching $93.60. 939,363 shares of the company were exchanged, compared to its average volume of 636,198. The firm has a market cap of $8.03 billion, a PE ratio of 26.82, a PEG ratio of 3.79 and a beta of 1.09. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.72 and a current ratio of 1.72. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34. The stock's fifty day moving average is $95.01 and its 200 day moving average is $98.00.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.01. The company had revenue of $302.29 million for the quarter, compared to the consensus estimate of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.97% and a net margin of 24.77%. Federal Realty Investment Trust's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.64 EPS. As a group, equities research analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were issued a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $4.40 annualized dividend and a yield of 4.70%. Federal Realty Investment Trust's dividend payout ratio (DPR) is 126.07%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Mizuho decreased their price target on Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. JPMorgan Chase & Co. cut shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 target price on the stock. in a research report on Monday, June 23rd. UBS Group dropped their price target on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating for the company in a research report on Monday, June 16th. Raymond James Financial reduced their price target on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Saturday. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.29.

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.