Passive Capital Management LLC. Invests $312,000 in Federal Realty Investment Trust (NYSE:FRT)

Key Points

• Passive Capital Management LLC has acquired a new position in Federal Realty Investment Trust, purchasing 3,193 shares valued at approximately $312,000 during the first quarter.
• Federal Realty Investment Trust reported $1.70 earnings per share for the last quarter, surpassing analysts' expectations, with a revenue of $302.29 million, marking a 6.1% increase year-over-year.
• The company announced a quarterly dividend of $1.10 per share, resulting in an annualized dividend yield of 4.67%, despite a high dividend payout ratio of 126.07%.

Passive Capital Management LLC. acquired a new stake in shares of 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 firm acquired 3,193 shares of the real estate investment trust's stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FRT. Principal Financial Group Inc. lifted its position in Federal Realty Investment Trust by 0.6% during the 1st quarter. Principal Financial Group Inc. now owns 155,434 shares of the real estate investment trust's stock worth $15,205,000 after buying an additional 917 shares in the last quarter. LPL Financial LLC lifted its position in Federal Realty Investment Trust by 17.5% during the 4th quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust's stock worth $9,324,000 after buying an additional 12,387 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Federal Realty Investment Trust by 10.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust's stock worth $697,000 after buying an additional 674 shares in the last quarter. KBC Group NV lifted its position in Federal Realty Investment Trust by 5.6% during the 1st quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust's stock worth $278,000 after buying an additional 151 shares in the last quarter. Finally, Amalgamated Bank lifted its position in Federal Realty Investment Trust by 1.0% during the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock worth $1,495,000 after buying an additional 146 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FRT has been the topic of several research reports. 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 report on Friday, May 23rd. Barclays started coverage on Federal Realty Investment Trust in a report on Wednesday, July 2nd. They set an "overweight" rating and a $106.00 price objective for the company. Wall Street Zen raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Scotiabank reissued an "outperform" rating on shares of Federal Realty Investment Trust in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. cut Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price objective for the company. in a report on Monday, June 23rd. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $111.29.

Federal Realty Investment Trust Stock Down 1.4%

NYSE:FRT traded down $1.27 during trading hours on Thursday, reaching $92.32. 285,346 shares of the stock were exchanged, compared to its average volume of 763,584. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a 50 day moving average of $95.01 and a 200 day moving average of $98.00. The stock has a market cap of $7.92 billion, a PE ratio of 26.47, a PEG ratio of 3.79 and a beta of 1.09.

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

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend was Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio is currently 126.07%.

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.