Principal Securities Inc. Buys 398 Shares of Federal Realty Investment Trust (NYSE:FRT)

Principal Securities Inc. raised its stake in Federal Realty Investment Trust (NYSE:FRT) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,511 shares of the real estate investment trust’s stock after buying an additional 398 shares during the period. Principal Securities Inc.’s holdings in Federal Realty Investment Trust were worth $617,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after purchasing an additional 168,885 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Federal Realty Investment Trust by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,956,097 shares of the real estate investment trust’s stock valued at $224,565,000 after purchasing an additional 7,160 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Federal Realty Investment Trust by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust’s stock valued at $143,473,000 after buying an additional 42,209 shares during the period. Janus Henderson Group PLC boosted its position in Federal Realty Investment Trust by 1,463.8% during the 3rd quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock valued at $70,251,000 after buying an additional 572,008 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Federal Realty Investment Trust by 456.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock valued at $69,544,000 after buying an additional 496,129 shares during the period. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $104.52 on Friday. The company has a 50 day moving average price of $108.40 and a 200-day moving average price of $111.91. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The firm has a market capitalization of $8.96 billion, a PE ratio of 30.47, a P/E/G ratio of 2.21 and a beta of 1.24. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. As a group, equities research analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.21%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 128.28%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FRT shares. Wells Fargo & Company dropped their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $122.00 to $125.00 in a research report on Friday, December 20th. Raymond James dropped their target price on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Scotiabank lifted their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus price target of $123.23.

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.