Two Sigma Investments LP boosted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 46.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 182,974 shares of the real estate investment trust’s stock after buying an additional 57,986 shares during the quarter. Two Sigma Investments LP owned approximately 0.25% of Federal Realty Investment Trust worth $24,301,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Lourd Capital LLC purchased a new position in Federal Realty Investment Trust in the fourth quarter valued at $211,000. American Assets Capital Advisers LLC purchased a new position in Federal Realty Investment Trust in the fourth quarter valued at $212,000. Keel Point LLC purchased a new position in Federal Realty Investment Trust in the fourth quarter valued at $217,000. Magnetar Financial LLC purchased a new position in Federal Realty Investment Trust in the third quarter valued at $207,000. Finally, Timber Hill LLC purchased a new position in Federal Realty Investment Trust in the third quarter valued at $215,000. 97.77% of the stock is currently owned by hedge funds and other institutional investors.
Federal Realty Investment Trust (NYSE:FRT) opened at $117.94 on Thursday. The stock has a market capitalization of $8,622.83, a PE ratio of 19.93, a price-to-earnings-growth ratio of 3.18 and a beta of 0.29. Federal Realty Investment Trust has a twelve month low of $106.41 and a twelve month high of $138.12. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.25.
Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.57. The company had revenue of $223.96 million for the quarter, compared to analyst estimates of $218.68 million. Federal Realty Investment Trust had a return on equity of 12.68% and a net margin of 33.81%. During the same quarter last year, the company posted $0.80 earnings per share. sell-side analysts forecast that Federal Realty Investment Trust will post 6.17 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 14th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Tuesday, March 13th. Federal Realty Investment Trust’s dividend payout ratio is currently 100.76%.
FRT has been the topic of several recent analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $142.00 target price on shares of Federal Realty Investment Trust in a report on Tuesday, January 9th. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Friday, December 8th. Stifel Nicolaus started coverage on Federal Realty Investment Trust in a report on Thursday, November 30th. They set a “buy” rating and a $144.00 price objective on the stock. Mizuho reaffirmed a “buy” rating and set a $124.00 price objective on shares of Federal Realty Investment Trust in a report on Friday, February 23rd. Finally, Sandler O’Neill set a $130.00 price objective on Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Saturday, February 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. Federal Realty Investment Trust has an average rating of “Buy” and a consensus price target of $136.33.
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About Federal Realty Investment Trust
Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.
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