Waterfront Capital Partners LLC Sells 16,560 Shares of Federal Realty Investment Trust (FRT)

Waterfront Capital Partners LLC cut its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 20.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,440 shares of the real estate investment trust’s stock after selling 16,560 shares during the period. Waterfront Capital Partners LLC owned about 0.09% of Federal Realty Investment Trust worth $8,023,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of FRT. Bank of Montreal Can bought a new position in Federal Realty Investment Trust in the second quarter worth about $4,985,000. Unigestion Holding SA bought a new position in Federal Realty Investment Trust in the second quarter worth about $418,000. Conning Inc. bought a new position in Federal Realty Investment Trust in the second quarter worth about $214,000. Fort Washington Investment Advisors Inc. OH bought a new position in Federal Realty Investment Trust in the second quarter worth about $494,000. Finally, Piedmont Investment Advisors LLC bought a new position in Federal Realty Investment Trust in the second quarter worth about $273,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

FRT has been the topic of a number of recent research reports. Bank of America raised 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 report on Monday, August 13th. Citigroup raised their target price on shares of Federal Realty Investment Trust from $142.00 to $144.00 and gave the stock a “buy” rating in a report on Monday, August 20th. Scotiabank initiated coverage on shares of Federal Realty Investment Trust in a report on Tuesday, October 16th. They issued an “outperform” rating on the stock. Deutsche Bank raised their target price on shares of Federal Realty Investment Trust from $133.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, August 28th. Finally, ValuEngine raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 18th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $137.38.

FRT opened at $128.44 on Monday. The company has a market cap of $9.49 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 3.56 and a beta of 0.18. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.43. Federal Realty Investment Trust has a twelve month low of $106.41 and a twelve month high of $134.52.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.73). The business had revenue of $229.75 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $1.50 EPS. As a group, analysts anticipate that Federal Realty Investment Trust will post 6.21 earnings per share for the current year.

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

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About Federal Realty Investment Trust

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.

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

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