AR Asset Management Inc. Acquires Shares of 7,000 Federal Realty Investment Trust (NYSE:FRT)

AR Asset Management Inc. purchased a new stake in Federal Realty Investment Trust (NYSE:FRT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,000 shares of the real estate investment trust’s stock, valued at approximately $685,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FRT. Nuveen LLC purchased a new position in shares of Federal Realty Investment Trust in the 1st quarter valued at about $52,017,000. Northern Trust Corp boosted its holdings in shares of Federal Realty Investment Trust by 73.4% during the 4th quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust’s stock worth $138,231,000 after purchasing an additional 522,531 shares during the last quarter. Resolution Capital Ltd boosted its holdings in shares of Federal Realty Investment Trust by 12.4% during the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust’s stock worth $394,417,000 after purchasing an additional 389,266 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter worth approximately $40,641,000. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Federal Realty Investment Trust by 225.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 428,981 shares of the real estate investment trust’s stock worth $48,024,000 after purchasing an additional 297,227 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FRT shares. Raymond James Financial decreased their price objective on Federal Realty Investment Trust from $117.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, May 23rd. Wall Street Zen raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Mizuho cut their target price on Federal Realty Investment Trust from $107.00 to $96.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. Scotiabank reaffirmed an “outperform” rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. Finally, UBS Group cut their price objective on Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating on the stock in a research report on Monday, June 16th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of $110.14.

Federal Realty Investment Trust Stock Performance

NYSE:FRT opened at $93.86 on Friday. The firm has a market capitalization of $8.10 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.72 and a beta of 1.14. The business’s fifty day moving average price is $94.49 and its 200 day moving average price is $96.89. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, beating the consensus estimate of $1.73 by $0.18. The firm had revenue of $302.48 million for the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%. Federal Realty Investment Trust’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.69 earnings per share. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 annualized dividend and a dividend yield of 4.8%. Federal Realty Investment Trust’s dividend payout ratio is 111.39%.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.