Westpac Banking Corp Sells 3,923 Shares of Federal Realty Investment Trust (FRT)

Westpac Banking Corp lessened its stake in Federal Realty Investment Trust (NYSE:FRT) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 175,258 shares of the real estate investment trust’s stock after selling 3,923 shares during the quarter. Westpac Banking Corp owned 0.24% of Federal Realty Investment Trust worth $23,276,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank boosted its stake in shares of Federal Realty Investment Trust by 25.8% in the 2nd quarter. Toronto Dominion Bank now owns 24,471 shares of the real estate investment trust’s stock valued at $3,092,000 after buying an additional 5,013 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Federal Realty Investment Trust by 10.6% in the 3rd quarter. Wells Fargo & Company MN now owns 375,930 shares of the real estate investment trust’s stock valued at $46,693,000 after buying an additional 35,932 shares during the period. PGGM Investments boosted its stake in shares of Federal Realty Investment Trust by 4.8% in the 3rd quarter. PGGM Investments now owns 1,299,000 shares of the real estate investment trust’s stock valued at $161,349,000 after buying an additional 60,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Federal Realty Investment Trust by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,034,293 shares of the real estate investment trust’s stock valued at $128,470,000 after buying an additional 17,948 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Federal Realty Investment Trust by 6.8% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,882 shares of the real estate investment trust’s stock valued at $3,712,000 after buying an additional 1,897 shares during the period. Institutional investors and hedge funds own 94.51% of the company’s stock.

Several equities research analysts have recently weighed in on FRT shares. Stifel Nicolaus started coverage on Federal Realty Investment Trust in a research report on Thursday, November 30th. They set a “buy” rating and a $144.00 target price on the stock. Boenning Scattergood set a $140.00 target price on Federal Realty Investment Trust and gave the stock a “buy” rating in a research report on Friday, December 8th. UBS Group raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $131.00 to $141.00 in a research report on Thursday, November 9th. Mizuho reissued a “buy” rating and set a $142.00 target price on shares of Federal Realty Investment Trust in a research report on Friday, November 3rd. Finally, BMO Capital Markets reissued a “buy” rating and set a $142.00 target price on shares of Federal Realty Investment Trust in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $140.55.

In other Federal Realty Investment Trust news, insider Donald C. Wood sold 40,000 shares of Federal Realty Investment Trust stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $131.88, for a total transaction of $5,275,200.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Shares of Federal Realty Investment Trust (FRT) opened at $122.80 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.23. Federal Realty Investment Trust has a 12-month low of $119.37 and a 12-month high of $143.79. The firm has a market capitalization of $8,910.00, a PE ratio of 39.11, a PEG ratio of 3.29 and a beta of 0.34.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.03. The business had revenue of $217.95 million for 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 business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $1.41 EPS. research analysts forecast that Federal Realty Investment Trust will post 5.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Friday, December 29th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 127.39%.

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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.

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

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