Van Lanschot Kempen Investment Management N.V. Sells 5,487 Shares of Federal Realty Investment Trust $FRT

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its stake in Federal Realty Investment Trust by 3.7%, holding approximately $13.82 million in shares after selling 5,487 shares during the first quarter.
• The quarterly dividend for Federal Realty Investment Trust increased to $1.13 from $1.10, with an ex-dividend date set for October 1st, representing an annual yield of 4.7%.
• Federal Realty Investment Trust reported a net margin of 28.01% and earnings per share of $1.91, outperforming the consensus estimate by $0.18.

Van Lanschot Kempen Investment Management N.V. lessened its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141,294 shares of the real estate investment trust's stock after selling 5,487 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned about 0.16% of Federal Realty Investment Trust worth $13,821,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FRT. NewEdge Advisors LLC boosted its holdings in shares of Federal Realty Investment Trust by 77.2% during the 4th quarter. NewEdge Advisors LLC now owns 6,677 shares of the real estate investment trust's stock valued at $748,000 after acquiring an additional 2,908 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Federal Realty Investment Trust by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,165,798 shares of the real estate investment trust's stock worth $130,509,000 after acquiring an additional 28,933 shares during the period. First Trust Advisors LP raised its stake in Federal Realty Investment Trust by 18.9% during the 4th quarter. First Trust Advisors LP now owns 15,494 shares of the real estate investment trust's stock worth $1,734,000 after acquiring an additional 2,463 shares during the period. Norinchukin Bank The raised its stake in Federal Realty Investment Trust by 5.5% during the 4th quarter. Norinchukin Bank The now owns 6,847 shares of the real estate investment trust's stock worth $767,000 after acquiring an additional 356 shares during the period. Finally, MetLife Investment Management LLC raised its stake in Federal Realty Investment Trust by 3.0% during the 4th quarter. MetLife Investment Management LLC now owns 22,620 shares of the real estate investment trust's stock worth $2,532,000 after acquiring an additional 653 shares during the period. Hedge funds and other institutional investors own 93.86% of the company's stock.

Wall Street Analyst Weigh In

FRT has been the topic of a number of recent analyst reports. UBS Group decreased their target price on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Barclays assumed coverage on shares of Federal Realty Investment Trust in a report on Wednesday, July 2nd. They issued an "overweight" rating and a $106.00 target price for the company. JPMorgan Chase & Co. lowered shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 target price for the company. in a report on Monday, June 23rd. Scotiabank reissued an "outperform" rating on shares of Federal Realty Investment Trust in a report on Wednesday, May 21st. Finally, Mizuho raised their target price on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $110.43.

Federal Realty Investment Trust Trading Down 1.0%

NYSE FRT traded down $0.9550 on Monday, hitting $98.4950. 161,990 shares of the stock were exchanged, compared to its average volume of 788,381. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a fifty day moving average price of $94.49 and a two-hundred day moving average price of $96.29. The firm has a market capitalization of $8.50 billion, a P/E ratio of 24.95, a P/E/G ratio of 3.81 and a beta of 1.14. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, topping the consensus estimate of $1.73 by $0.18. The company had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. Federal Realty Investment Trust's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.69 earnings per share. Research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.6%. This is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, October 1st. Federal Realty Investment Trust's dividend payout ratio is 111.39%.

About Federal Realty Investment Trust

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.