Rhumbline Advisers Acquires 26,174 Shares of Federal Realty Investment Trust (NYSE:FRT)

Rhumbline Advisers boosted its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 18.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,690 shares of the real estate investment trust's stock after buying an additional 26,174 shares during the quarter. Rhumbline Advisers owned 0.20% of Federal Realty Investment Trust worth $16,697,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Federal Realty Investment Trust by 6,183.9% in the 1st quarter. GAMMA Investing LLC now owns 195,053 shares of the real estate investment trust's stock valued at $19,080,000 after acquiring an additional 191,949 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Federal Realty Investment Trust by 82.3% in the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 130 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Federal Realty Investment Trust during the fourth quarter valued at approximately $365,000. Park Square Financial Group LLC bought a new stake in Federal Realty Investment Trust during the fourth quarter worth approximately $30,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Federal Realty Investment Trust during the fourth quarter worth approximately $8,860,000. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Up 0.4%

FRT traded up $0.34 during trading on Monday, reaching $96.76. 999,780 shares of the stock traded hands, compared to its average volume of 696,390. The stock's 50-day simple moving average is $93.75 and its two-hundred day simple moving average is $102.27. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, beating the consensus estimate of $1.69 by $0.01. The business had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.64 EPS. As a group, equities research analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a $1.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 annualized dividend and a yield of 4.55%. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 126.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Raymond James cut their price objective on 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. Stifel Nicolaus reduced their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a report on Friday, February 14th. BMO Capital Markets reiterated an "outperform" rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Scotiabank restated an "outperform" rating on shares of Federal Realty Investment Trust in a report on Wednesday, May 21st. Finally, Mizuho reduced their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $113.33.

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.