SG Americas Securities LLC Buys 50,450 Shares of Federal Realty Investment Trust (NYSE:FRT)

SG Americas Securities LLC lifted its stake in Federal Realty Investment Trust (NYSE:FRT) by 965.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,676 shares of the real estate investment trust’s stock after acquiring an additional 50,450 shares during the quarter. SG Americas Securities LLC owned 0.07% of Federal Realty Investment Trust worth $7,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Calamos Advisors LLC lifted its holdings in Federal Realty Investment Trust by 1.0% during the first quarter. Calamos Advisors LLC now owns 57,801 shares of the real estate investment trust’s stock valued at $7,968,000 after purchasing an additional 579 shares in the last quarter. Sandy Spring Bank lifted its holdings in Federal Realty Investment Trust by 2.6% during the first quarter. Sandy Spring Bank now owns 4,809 shares of the real estate investment trust’s stock valued at $663,000 after purchasing an additional 120 shares in the last quarter. Pictet Asset Management Ltd. lifted its holdings in Federal Realty Investment Trust by 12.9% during the first quarter. Pictet Asset Management Ltd. now owns 54,206 shares of the real estate investment trust’s stock valued at $7,472,000 after purchasing an additional 6,200 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in Federal Realty Investment Trust by 47.4% during the second quarter. IFM Investors Pty Ltd now owns 5,560 shares of the real estate investment trust’s stock valued at $716,000 after purchasing an additional 1,787 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Federal Realty Investment Trust by 4.1% during the first quarter. PNC Financial Services Group Inc. now owns 28,693 shares of the real estate investment trust’s stock valued at $3,954,000 after purchasing an additional 1,141 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

FRT has been the topic of several analyst reports. DA Davidson downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a report on Tuesday, July 23rd. Zacks Investment Research raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. BMO Capital Markets reissued a “buy” rating and issued a $135.00 target price on shares of Federal Realty Investment Trust in a report on Monday, August 5th. Raymond James raised shares of Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Tuesday, May 28th. Finally, Capital One Financial raised shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating in a report on Monday, June 17th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Federal Realty Investment Trust currently has a consensus rating of “Hold” and a consensus price target of $140.00.

Shares of FRT stock traded up $0.71 during mid-day trading on Friday, hitting $132.19. The company had a trading volume of 338,996 shares, compared to its average volume of 365,398. Federal Realty Investment Trust has a 52-week low of $115.09 and a 52-week high of $139.29. The company has a 50 day simple moving average of $130.67. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $9.86 billion, a P/E ratio of 21.22, a P/E/G ratio of 4.06 and a beta of 0.45.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $1.60 EPS for the quarter, topping the consensus estimate of $1.58 by $0.02. Federal Realty Investment Trust had a net margin of 27.82% and a return on equity of 11.13%. The firm had revenue of $229.73 million for the quarter, compared to the consensus estimate of $232.00 million. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts expect that Federal Realty Investment Trust will post 6.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 23rd will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Friday, September 20th. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. Federal Realty Investment Trust’s payout ratio is currently 65.49%.

Federal Realty Investment Trust 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.

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

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