Columbia Wanger Asset Management LLC Sells 117,133 Shares of Federal Realty Investment Trust (FRT)

Columbia Wanger Asset Management LLC decreased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 46.0% during the fourth quarter, Holdings Channel reports. The fund owned 137,584 shares of the real estate investment trust’s stock after selling 117,133 shares during the period. Columbia Wanger Asset Management LLC owned about 0.19% of Federal Realty Investment Trust worth $19,552,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of FRT. TLP Group LLC purchased a new position in Federal Realty Investment Trust during the third quarter worth $117,000. Global X Management Co. LLC boosted its position in Federal Realty Investment Trust by 63.2% in the third quarter. Global X Management Co. LLC now owns 1,234 shares of the real estate investment trust’s stock worth $190,000 after buying an additional 478 shares during the period. Tower Research Capital LLC TRC boosted its position in Federal Realty Investment Trust by 1,643.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,325 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 1,249 shares during the period. Schnieders Capital Management LLC purchased a new position in Federal Realty Investment Trust during the second quarter worth $207,000. Finally, Victory Capital Management Inc. boosted its position in Federal Realty Investment Trust by 49.6% in the third quarter. Victory Capital Management Inc. now owns 1,354 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 449 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

Shares of Federal Realty Investment Trust (NYSE:FRT) traded down 0.73% during mid-day trading on Friday, reaching $139.48. 86,662 shares of the company’s stock traded hands. The company’s 50 day moving average is $141.09 and its 200 day moving average is $147.24. Federal Realty Investment Trust has a 12-month low of $134.39 and a 12-month high of $171.08. The company has a market cap of $10.06 billion, a P/E ratio of 39.85 and a beta of 0.31.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Monday, February 13th. The real estate investment trust reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.01. The firm had revenue of $204.10 million for the quarter, compared to analyst estimates of $203.74 million. Federal Realty Investment Trust had a net margin of 31.18% and a return on equity of 10.89%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 earnings per share. On average, analysts predict that Federal Realty Investment Trust will post $3.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Tuesday, March 14th will be paid a $0.98 dividend. The ex-dividend date is Friday, March 10th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.79%. Federal Realty Investment Trust’s payout ratio is currently 112.00%.

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A number of research firms recently weighed in on FRT. Citigroup Inc. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 13th. Zacks Investment Research cut shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 3rd. Jefferies Group LLC restated a “hold” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, November 9th. Finally, Mizuho restated a “buy” rating on shares of Federal Realty Investment Trust in a research note on Friday, December 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $160.80.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust (REIT) engaged in the ownership, management, and redevelopment of retail and mixed-use properties. The Trust owns or holds interests in community and neighborhood shopping centers and mixed-use properties, which are operated as approximately 90 retail real estate projects consisting approximately 21.4 million square feet, located primarily in the Northeast and Mid-Atlantic regions of the United States, as well as in California.

5 Day Chart for NYSE:FRT

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT).

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