PGGM Investments Has $1.17 Million Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

PGGM Investments lowered its stake in Federal Realty Investment Trust (NYSE:FRT) by 98.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,561 shares of the real estate investment trust’s stock after selling 589,881 shares during the quarter. PGGM Investments’ holdings in Federal Realty Investment Trust were worth $1,167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FRT. Vanguard Group Inc. boosted its stake in Federal Realty Investment Trust by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock worth $1,300,101,000 after acquiring an additional 193,740 shares during the last quarter. Norges Bank bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth $743,378,000. Massachusetts Financial Services Co. MA boosted its position in shares of Federal Realty Investment Trust by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,355,907 shares of the real estate investment trust’s stock worth $139,726,000 after purchasing an additional 469,425 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Federal Realty Investment Trust by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,155,825 shares of the real estate investment trust’s stock valued at $119,108,000 after buying an additional 40,984 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Federal Realty Investment Trust by 29.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 407,585 shares of the real estate investment trust’s stock valued at $42,002,000 after buying an additional 93,048 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Stock Up 0.8 %

Shares of NYSE FRT traded up $0.88 during mid-day trading on Wednesday, hitting $112.66. The company had a trading volume of 373,235 shares, compared to its average volume of 593,739. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59. The firm has a 50-day simple moving average of $105.52 and a two-hundred day simple moving average of $102.49. The company has a market capitalization of $9.35 billion, a PE ratio of 40.09, a price-to-earnings-growth ratio of 2.26 and a beta of 1.23. Federal Realty Investment Trust has a one year low of $85.59 and a one year high of $115.05.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.36). Federal Realty Investment Trust had a return on equity of 10.14% and a net margin of 24.69%. The firm had revenue of $295.80 million for the quarter, compared to the consensus estimate of $293.61 million. During the same period last year, the company posted $1.67 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts expect that Federal Realty Investment Trust will post 6.8 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Tuesday, October 1st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s dividend payout ratio is 156.58%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Wells Fargo & Company increased their price objective on shares of Federal Realty Investment Trust from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Scotiabank boosted their price objective on shares of Federal Realty Investment Trust from $109.00 to $112.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Evercore ISI reduced their target price on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Finally, Mizuho lifted their price target on Federal Realty Investment Trust from $101.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.82.

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 communities where retail demand exceeds supply.