Argonautica Private Wealth Management Inc. Acquires Shares of 36,637 Federal Realty Investment Trust $FRT

Argonautica Private Wealth Management Inc. acquired a new stake in Federal Realty Investment Trust (NYSE:FRT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 36,637 shares of the real estate investment trust’s stock, valued at approximately $3,480,000. Federal Realty Investment Trust accounts for approximately 1.1% of Argonautica Private Wealth Management Inc.’s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors also recently bought and sold shares of FRT. Nuveen LLC acquired a new stake in Federal Realty Investment Trust in the first quarter valued at approximately $52,017,000. Hsbc Holdings PLC boosted its stake in shares of Federal Realty Investment Trust by 123.9% in the first quarter. Hsbc Holdings PLC now owns 746,159 shares of the real estate investment trust’s stock worth $72,634,000 after acquiring an additional 412,843 shares during the last quarter. Strs Ohio acquired a new stake in shares of Federal Realty Investment Trust in the first quarter worth approximately $32,181,000. PGGM Investments boosted its stake in shares of Federal Realty Investment Trust by 23.7% in the second quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust’s stock worth $118,295,000 after acquiring an additional 238,679 shares during the last quarter. Finally, APG Asset Management US Inc. boosted its stake in shares of Federal Realty Investment Trust by 111.4% in the first quarter. APG Asset Management US Inc. now owns 382,214 shares of the real estate investment trust’s stock worth $37,071,000 after acquiring an additional 201,390 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $100.26 on Wednesday. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.09. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $8.65 billion, a P/E ratio of 25.38, a P/E/G ratio of 3.94 and a beta of 1.15. The stock’s fifty day moving average is $98.93 and its two-hundred day moving average is $95.80.

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 analysts’ consensus estimates of $1.73 by $0.18. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The company had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. During the same quarter in the previous year, the business earned $1.69 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were given a $1.13 dividend. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Wednesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 114.43%.

Analyst Ratings Changes

FRT has been the topic of a number of analyst reports. Wells Fargo & Company initiated coverage on Federal Realty Investment Trust in a research report on Tuesday. They set an “overweight” rating and a $113.00 price objective on the stock. Deutsche Bank Aktiengesellschaft set a $105.00 price objective on Federal Realty Investment Trust and gave the stock a “hold” rating in a research report on Tuesday, October 7th. Evercore ISI reduced their price objective on Federal Realty Investment Trust from $107.00 to $106.00 and set an “in-line” rating on the stock in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Federal Realty Investment Trust in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average price target of $109.29.

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.