Northern Trust Corp Buys 27,877 Shares of Federal Realty Investment Trust (NYSE:FRT)

Northern Trust Corp lifted its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,265,865 shares of the real estate investment trust’s stock after acquiring an additional 27,877 shares during the quarter. Northern Trust Corp’s holdings in Federal Realty Investment Trust were worth $174,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Conning Inc. boosted its stake in Federal Realty Investment Trust by 5.1% in the first quarter. Conning Inc. now owns 1,858 shares of the real estate investment trust’s stock valued at $256,000 after acquiring an additional 90 shares in the last quarter. Utah Retirement Systems boosted its stake in Federal Realty Investment Trust by 0.6% in the fourth quarter. Utah Retirement Systems now owns 16,965 shares of the real estate investment trust’s stock valued at $2,003,000 after acquiring an additional 100 shares in the last quarter. Securian Asset Management Inc boosted its stake in Federal Realty Investment Trust by 1.3% in the first quarter. Securian Asset Management Inc now owns 7,643 shares of the real estate investment trust’s stock valued at $1,054,000 after acquiring an additional 100 shares in the last quarter. Clarus Wealth Advisors boosted its stake in Federal Realty Investment Trust by 19.4% in the fourth quarter. Clarus Wealth Advisors now owns 651 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 106 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in Federal Realty Investment Trust by 14.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 868 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 112 shares in the last quarter. 89.60% of the stock is currently owned by institutional investors and hedge funds.

FRT has been the subject of several research analyst reports. BMO Capital Markets restated a “buy” rating and issued a $135.00 price objective on shares of Federal Realty Investment Trust in a research note on Thursday, February 14th. Mizuho downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research note on Thursday, March 7th. Citigroup increased their target price on shares of Federal Realty Investment Trust from $146.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, February 25th. Raymond James upgraded shares of Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Tuesday, May 28th. Finally, Deutsche Bank increased their target price on shares of Federal Realty Investment Trust from $133.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, May 15th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Federal Realty Investment Trust presently has an average rating of “Buy” and a consensus price target of $140.00.

Shares of FRT traded down $0.08 during mid-day trading on Wednesday, hitting $130.82. 11,122 shares of the company’s stock were exchanged, compared to its average volume of 417,765. Federal Realty Investment Trust has a fifty-two week low of $115.09 and a fifty-two week high of $139.29. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.35 and a current ratio of 1.35.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.01. The firm had revenue of $232.23 million during the quarter, compared to analysts’ expectations of $235.09 million. Federal Realty Investment Trust had a net margin of 26.11% and a return on equity of 10.53%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.52 earnings per share. Equities research analysts forecast that Federal Realty Investment Trust will post 6.39 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $4.08 annualized dividend and a yield of 3.12%. Federal Realty Investment Trust’s dividend payout ratio is currently 65.49%.

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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.

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

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