Panagora Asset Management Inc. Has $1.37 Million Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Panagora Asset Management Inc. decreased its position in Federal Realty Investment Trust (NYSE:FRT) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,664 shares of the real estate investment trust’s stock after selling 222 shares during the period. Panagora Asset Management Inc.’s holdings in Federal Realty Investment Trust were worth $1,373,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in Federal Realty Investment Trust by 1.4% during the 1st quarter. BlackRock Inc. now owns 8,205,947 shares of the real estate investment trust’s stock worth $1,131,190,000 after purchasing an additional 115,564 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Federal Realty Investment Trust by 0.7% in the first quarter. JPMorgan Chase & Co. now owns 5,231,242 shares of the real estate investment trust’s stock valued at $721,126,000 after buying an additional 34,756 shares during the period. PGGM Investments increased its position in shares of Federal Realty Investment Trust by 47.9% during the second quarter. PGGM Investments now owns 1,907,362 shares of the real estate investment trust’s stock worth $245,592,000 after acquiring an additional 617,362 shares in the last quarter. Northern Trust Corp increased its position in shares of Federal Realty Investment Trust by 2.3% during the first quarter. Northern Trust Corp now owns 1,265,865 shares of the real estate investment trust’s stock worth $174,500,000 after acquiring an additional 27,877 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Federal Realty Investment Trust by 9.3% during the fourth quarter. Geode Capital Management LLC now owns 1,222,569 shares of the real estate investment trust’s stock worth $144,110,000 after acquiring an additional 103,768 shares in the last quarter. 88.40% of the stock is owned by institutional investors.

Several research firms recently commented on FRT. Raymond James raised shares of Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Tuesday, May 28th. Deutsche Bank upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $134.00 to $141.00 in a report on Thursday, September 5th. Compass Point initiated coverage on Federal Realty Investment Trust in a report on Thursday, August 15th. They set a “buy” rating and a $142.00 target price for the company. BMO Capital Markets reaffirmed a “buy” rating and set a $135.00 price objective on shares of Federal Realty Investment Trust in a research report on Monday, August 5th. Finally, DA Davidson downgraded Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a report on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Federal Realty Investment Trust has a consensus rating of “Buy” and a consensus price target of $142.13.

FRT traded down $1.26 on Wednesday, hitting $134.92. 2,594 shares of the company were exchanged, compared to its average volume of 381,821. The stock’s fifty day moving average is $130.92 and its 200-day moving average is $132.27. Federal Realty Investment Trust has a 12 month low of $115.09 and a 12 month high of $139.29. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $10.14 billion, a PE ratio of 21.67, a PEG ratio of 4.13 and a beta of 0.46.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.02. Federal Realty Investment Trust had a return on equity of 11.13% and a net margin of 27.82%. The firm had revenue of $229.73 million for the quarter, compared to analyst estimates of $232.00 million. During the same quarter in the previous year, the firm earned $1.55 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts expect that Federal Realty Investment Trust will post 6.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 23rd will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, September 20th. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. Federal Realty Investment Trust’s dividend payout ratio is presently 65.49%.

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 Article: Certificate of Deposit (CD) For Risk Adverse Investors?

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.