Fifth Third Bancorp Sells 140 Shares of Federal Realty Investment Trust (FRT)

Fifth Third Bancorp decreased its position in Federal Realty Investment Trust (NYSE:FRT) by 0.7% during the first quarter, Holdings Channel reports. The firm owned 20,392 shares of the real estate investment trust’s stock after selling 140 shares during the period. Fifth Third Bancorp’s holdings in Federal Realty Investment Trust were worth $2,722,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Alexandria Capital LLC boosted its position in Federal Realty Investment Trust by 1.4% in the first quarter. Alexandria Capital LLC now owns 1,187 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 16 shares during the period. IFP Advisors Inc boosted its position in Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 4 shares during the period. Pacer Advisors Inc. boosted its position in Federal Realty Investment Trust by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 55 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Federal Realty Investment Trust during the fourth quarter worth about $214,000. Finally, Northstar Wealth Partners LLC purchased a new position in Federal Realty Investment Trust during the first quarter worth about $221,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

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

Shares of Federal Realty Investment Trust (NYSE FRT) traded up 0.37% during midday trading on Tuesday, reaching $122.18. 427,046 shares of the company traded hands. Federal Realty Investment Trust has a 12-month low of $120.50 and a 12-month high of $171.08. The company has a 50-day moving average of $129.49 and a 200 day moving average of $136.08. The firm has a market capitalization of $8.83 billion, a PE ratio of 38.37 and a beta of 0.31.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.02. Federal Realty Investment Trust had a net margin of 31.18% and a return on equity of 10.89%. The business had revenue of $207.39 million during the quarter, compared to the consensus estimate of $205.96 million. During the same period in the prior year, the firm posted $1.38 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities analysts forecast that Federal Realty Investment Trust will post $3.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Thursday, June 22nd will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Tuesday, June 20th. Federal Realty Investment Trust’s payout ratio is 112.00%.

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A number of equities analysts have issued reports on FRT shares. Seaport Global Securities reiterated a “buy” rating on shares of Federal Realty Investment Trust in a report on Thursday, April 27th. Sandler O’Neill upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Monday, March 13th. Deutsche Bank AG increased their price objective on shares of Federal Realty Investment Trust from $139.00 to $140.00 and gave the stock a “hold” rating in a research note on Tuesday, March 21st. Zacks Investment Research upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Monday, February 20th. Finally, Boenning Scattergood upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $160.13.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FRT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT).

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