Rhumbline Advisers Has $18.05 Million Holdings in Federal Realty Investment Trust (FRT)

Rhumbline Advisers decreased its position in Federal Realty Investment Trust (NYSE:FRT) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 142,684 shares of the real estate investment trust’s stock after selling 4,681 shares during the period. Rhumbline Advisers’ holdings in Federal Realty Investment Trust were worth $18,045,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Prudential Financial Inc. boosted its holdings in Federal Realty Investment Trust by 11.1% in the 3rd quarter. Prudential Financial Inc. now owns 415,761 shares of the real estate investment trust’s stock worth $52,581,000 after buying an additional 41,528 shares during the period. Forward Management LLC bought a new position in Federal Realty Investment Trust in the 3rd quarter worth approximately $936,000. Candriam Luxembourg S.C.A. boosted its holdings in Federal Realty Investment Trust by 6.4% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 8,047 shares of the real estate investment trust’s stock worth $1,018,000 after buying an additional 482 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Federal Realty Investment Trust by 6.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 66,950 shares of the real estate investment trust’s stock worth $8,467,000 after buying an additional 3,994 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in Federal Realty Investment Trust by 1.4% in the 3rd quarter. Toronto Dominion Bank now owns 47,738 shares of the real estate investment trust’s stock worth $6,036,000 after buying an additional 670 shares during the period. Hedge funds and other institutional investors own 92.82% of the company’s stock.

Federal Realty Investment Trust stock opened at $128.44 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $9.49 billion, a PE ratio of 21.73, a P/E/G ratio of 3.56 and a beta of 0.18. Federal Realty Investment Trust has a fifty-two week low of $106.41 and a fifty-two week high of $134.52.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.73). The company had revenue of $229.75 million for the quarter, compared to analysts’ expectations of $228.71 million. Federal Realty Investment Trust had a net margin of 26.33% and a return on equity of 10.65%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 EPS. As a group, equities analysts forecast that Federal Realty Investment Trust will post 6.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be given a dividend of $1.02 per share. The ex-dividend date is Monday, December 31st. This represents a $4.08 annualized dividend and a dividend yield of 3.18%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 69.04%.

Several research firms have issued reports on FRT. Zacks Investment Research reiterated a “buy” rating and issued a $140.00 target price on shares of Federal Realty Investment Trust in a research note on Tuesday, November 13th. BMO Capital Markets set a $135.00 target price on shares of Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Citigroup set a $146.00 target price on shares of Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Tuesday, November 20th. Bank of America increased their target price on shares of Federal Realty Investment Trust from $141.00 to $144.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Finally, Stifel Nicolaus increased their target price on shares of Federal Realty Investment Trust from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Federal Realty Investment Trust presently has a consensus rating of “Buy” and an average price target of $137.38.

TRADEMARK VIOLATION WARNING: This story was originally published by WKRB News and is the property of of WKRB News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.wkrb13.com/2018/11/25/rhumbline-advisers-has-18-05-million-holdings-in-federal-realty-investment-trust-frt.html.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

Featured Story: S&P 500 Index

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).

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

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply