NBC Securities Inc. Makes New $69,000 Investment in Federal Realty Investment Trust (NYSE:FRT)

NBC Securities Inc. purchased a new position in Federal Realty Investment Trust (NYSE:FRT) during the 1st quarter, Holdings Channel reports. The firm purchased 711 shares of the real estate investment trust’s stock, valued at approximately $69,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FRT. Norges Bank acquired a new stake in Federal Realty Investment Trust in the 4th quarter worth $810,544,000. Centersquare Investment Management LLC grew its position in Federal Realty Investment Trust by 935.8% in the 4th quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust’s stock worth $116,654,000 after purchasing an additional 941,414 shares during the last quarter. Invesco Ltd. grew its position in Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock worth $341,833,000 after purchasing an additional 893,258 shares during the last quarter. Northern Trust Corp grew its position in Federal Realty Investment Trust by 73.4% in the 4th quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust’s stock worth $138,231,000 after purchasing an additional 522,531 shares during the last quarter. Finally, Resolution Capital Ltd grew its position in Federal Realty Investment Trust by 12.4% in the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust’s stock worth $394,417,000 after purchasing an additional 389,266 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on FRT shares. Mizuho decreased their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. BMO Capital Markets reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Scotiabank reaffirmed an “outperform” rating on shares of Federal Realty Investment Trust in a report on Wednesday, May 21st. Citigroup reaffirmed a “neutral” rating and set a $106.00 price objective (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Federal Realty Investment Trust from $114.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, May 22nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus price target of $113.33.

Federal Realty Investment Trust Trading Down 1.5%

Shares of NYSE FRT opened at $96.42 on Thursday. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34. The company has a market cap of $8.27 billion, a PE ratio of 28.11, a P/E/G ratio of 2.20 and a beta of 1.11. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The company has a 50-day moving average of $93.95 and a two-hundred day moving average of $102.08.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, topping the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The company had revenue of $302.29 million during the quarter, compared to analysts’ expectations of $307.55 million. During the same quarter in the previous year, the company earned $1.64 EPS. Federal Realty Investment Trust’s revenue was up 6.1% on a year-over-year basis. As a group, equities analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

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 given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is 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.