Cadence Capital Management LLC Buys 1,587 Shares of Federal Realty Investment Trust (FRT)

Cadence Capital Management LLC increased its stake in Federal Realty Investment Trust (NYSE:FRT) by 34.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,155 shares of the real estate investment trust’s stock after purchasing an additional 1,587 shares during the quarter. Cadence Capital Management LLC’s holdings in Federal Realty Investment Trust were worth $765,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Federal Realty Investment Trust by 1.0% during the second quarter. Vanguard Group Inc. now owns 12,396,763 shares of the real estate investment trust’s stock valued at $1,566,826,000 after acquiring an additional 120,301 shares during the period. JPMorgan Chase & Co. raised its holdings in Federal Realty Investment Trust by 43.9% during the third quarter. JPMorgan Chase & Co. now owns 3,376,898 shares of the real estate investment trust’s stock valued at $420,257,000 after acquiring an additional 1,030,604 shares during the period. PGGM Investments raised its holdings in Federal Realty Investment Trust by 4.8% during the third quarter. PGGM Investments now owns 1,299,000 shares of the real estate investment trust’s stock valued at $161,349,000 after acquiring an additional 60,000 shares during the period. Uniplan Investment Counsel Inc. raised its holdings in Federal Realty Investment Trust by 199.9% during the second quarter. Uniplan Investment Counsel Inc. now owns 1,168,479 shares of the real estate investment trust’s stock valued at $49,926,000 after acquiring an additional 778,865 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Federal Realty Investment Trust by 57.0% during the third quarter. Bank of New York Mellon Corp now owns 1,150,079 shares of the real estate investment trust’s stock valued at $142,851,000 after acquiring an additional 417,339 shares during the period. 94.67% of the stock is currently owned by institutional investors and hedge funds.

In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 21,814 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the completion of the transaction, the executive vice president now owns 145,809 shares in the company, valued at $19,087,856.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donald C. Wood sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $131.88, for a total value of $5,275,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,342 shares of company stock valued at $13,452,421. 1.10% of the stock is currently owned by company insiders.

A number of equities research analysts have commented on the company. BMO Capital Markets assumed coverage on Federal Realty Investment Trust in a report on Monday, September 11th. They set an “outperform” rating and a $145.00 price target on the stock. Evercore ISI cut Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price target on the stock. in a report on Monday, August 14th. UBS raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $131.00 to $141.00 in a report on Thursday, November 9th. Boenning Scattergood reaffirmed a “buy” rating and issued a $140.00 target price on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Finally, Mizuho reaffirmed a “buy” rating and issued a $142.00 target price on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $140.82.

Shares of Federal Realty Investment Trust (FRT) traded up $1.03 during mid-day trading on Tuesday, hitting $133.57. The stock had a trading volume of 481,600 shares, compared to its average volume of 466,156. Federal Realty Investment Trust has a 1 year low of $119.37 and a 1 year high of $145.80. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $9,615.36, a PE ratio of 22.50, a price-to-earnings-growth ratio of 3.74 and a beta of 0.34.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The company had revenue of $217.95 million during the quarter, compared to analyst estimates of $213.63 million. Federal Realty Investment Trust had a return on equity of 13.28% and a net margin of 35.50%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $1.41 earnings per share. research analysts forecast that Federal Realty Investment Trust will post 5.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $4.00 annualized dividend and a yield of 2.99%. Federal Realty Investment Trust’s dividend payout ratio is currently 97.56%.

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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.

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

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