Wells Fargo & Company MN Has $42.97 Million Stake in Federal Realty Investment Trust (FRT)

Wells Fargo & Company MN raised its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 339,998 shares of the real estate investment trust’s stock after buying an additional 18,548 shares during the quarter. Wells Fargo & Company MN owned about 0.47% of Federal Realty Investment Trust worth $42,973,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Federal Realty Investment Trust by 173.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock worth $296,548,000 after buying an additional 1,489,133 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Federal Realty Investment Trust by 1.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 113,222 shares of the real estate investment trust’s stock valued at $14,310,000 after purchasing an additional 1,229 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Federal Realty Investment Trust by 7.6% during the 1st quarter. Morgan Stanley now owns 508,516 shares of the real estate investment trust’s stock valued at $67,887,000 after purchasing an additional 35,945 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Federal Realty Investment Trust by 192.8% during the 1st quarter. Stifel Financial Corp now owns 26,428 shares of the real estate investment trust’s stock valued at $3,548,000 after purchasing an additional 17,403 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 1.9% during the 1st quarter. Lazard Asset Management LLC now owns 13,266 shares of the real estate investment trust’s stock valued at $1,771,000 after purchasing an additional 252 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

FRT has been the topic of several recent analyst reports. Citigroup Inc. reiterated a “buy” rating and set a $156.00 price objective (down previously from $160.00) on shares of Federal Realty Investment Trust in a report on Sunday, June 11th. BMO Capital Markets initiated coverage on Federal Realty Investment Trust in a report on Monday, September 11th. They set an “outperform” rating and a $145.00 price objective on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $136.00 price objective on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. BidaskClub upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the company a “buy” rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $140.25.

In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 2,281 shares of Federal Realty Investment Trust stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $133.05, for a total transaction of $303,487.05. Following the completion of the sale, the executive vice president now owns 123,744 shares of the company’s stock, valued at $16,464,139.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Donald C. Wood sold 2,772 shares of Federal Realty Investment Trust stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $133.06, for a total value of $368,842.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,495 shares of company stock valued at $7,538,395. Corporate insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust (NYSE:FRT) opened at 127.51 on Tuesday. Federal Realty Investment Trust has a 12-month low of $120.50 and a 12-month high of $160.15. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 36.93 and a beta of 0.30. The company’s 50 day moving average price is $129.58 and its 200-day moving average price is $129.67.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.03. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The business had revenue of $208.00 million during the quarter, compared to the consensus estimate of $208.33 million. During the same period last year, the business posted $1.42 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that Federal Realty Investment Trust will post $3.31 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, September 21st. This represents a $4.00 annualized dividend and a yield of 3.14%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s payout ratio is 113.62%.

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Federal Realty Investment Trust Profile

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

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