Great West Life Assurance Co. Can Has $17.93 Million Stake in Federal Realty Investment Trust (FRT)

Great West Life Assurance Co. Can Has $17.93 Million Stake in Federal Realty Investment Trust (FRT)

Great West Life Assurance Co. Can increased its position in Federal Realty Investment Trust (NYSE:FRT) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,538 shares of the real estate investment trust’s stock after buying an additional 178 shares during the period. Great West Life Assurance Co. Can owned approximately 0.19% of Federal Realty Investment Trust worth $17,930,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. TLP Group LLC bought a new stake in Federal Realty Investment Trust during the third quarter worth $117,000. Alexandria Capital LLC raised its stake 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 in the last quarter. BB&T Securities LLC bought a new stake in Federal Realty Investment Trust during the third quarter worth $231,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Federal Realty Investment Trust during the fourth quarter worth $214,000. Finally, IFP Advisors Inc raised its stake 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 in the last quarter. Institutional investors own 90.81% of the company’s stock.

Shares of Federal Realty Investment Trust (NYSE:FRT) traded up 1.05% during mid-day trading on Friday, hitting $132.78. The stock had a trading volume of 404,247 shares. The stock’s 50-day moving average is $133.99 and its 200 day moving average is $138.57. The firm has a market cap of $9.57 billion, a PE ratio of 37.94 and a beta of 0.31. Federal Realty Investment Trust has a 12 month low of $126.02 and a 12 month high of $171.08.

Federal Realty Investment Trust (NYSE:FRT) last released 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 Thomson Reuters’ consensus estimate of $1.43 by $0.02. The business earned $207.39 million during the quarter, compared to analysts’ expectations of $205.96 million. Federal Realty Investment Trust had a net margin of 31.18% and a return on equity of 10.89%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.38 EPS. Equities research analysts predict that Federal Realty Investment Trust will post $3.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Thursday, June 22nd will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Tuesday, June 20th. This represents a $3.92 annualized dividend and a dividend yield of 2.95%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 112.00%.

A number of research firms have weighed in on FRT. Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a report on Thursday, April 27th. Zacks Investment Research upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Monday, February 20th. 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. Boenning Scattergood upgraded Federal Realty Investment Trust from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 22nd. Finally, Deutsche Bank AG upped their target price on Federal Realty Investment Trust from $139.00 to $140.00 and gave the stock a “hold” rating in a report on Tuesday, March 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Federal Realty Investment Trust currently has an average rating of “Hold” and a consensus price target of $160.13.

Federal Realty Investment Trust Company Profile

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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