Federal Realty Investment Trust (FRT) Holding Held by Cypress Asset Management Inc. TX

Federal Realty Investment Trust (FRT) Holding Held by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX held its position in Federal Realty Investment Trust (NYSE:FRT) during the first quarter, Holdings Channel reports. The institutional investor owned 5,550 shares of the real estate investment trust’s stock at the end of the first quarter. Cypress Asset Management Inc. TX’s holdings in Federal Realty Investment Trust were worth $741,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Presima Inc. boosted its position in Federal Realty Investment Trust by 3.1% in the first quarter. Presima Inc. now owns 250,100 shares of the real estate investment trust’s stock worth $33,388,000 after buying an additional 7,600 shares during the last quarter. Utah Retirement Systems boosted its position in Federal Realty Investment Trust by 1.3% in the first quarter. Utah Retirement Systems now owns 15,186 shares of the real estate investment trust’s stock worth $2,027,000 after buying an additional 200 shares during the last quarter. Legal & General Group Plc boosted its position in Federal Realty Investment Trust by 7.1% in the first quarter. Legal & General Group Plc now owns 611,351 shares of the real estate investment trust’s stock worth $81,618,000 after buying an additional 40,553 shares during the last quarter. Laurion Capital Management LP purchased a new position in Federal Realty Investment Trust during the first quarter worth $481,000. Finally, WINTON GROUP Ltd purchased a new position in Federal Realty Investment Trust during the first quarter worth $6,129,000. 90.81% of the stock is owned by institutional investors.

Shares of Federal Realty Investment Trust (FRT) traded down 0.74% during midday trading on Friday, hitting $123.37. 541,519 shares of the company’s stock traded hands. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 38.75 and a beta of 0.31. The company has a 50 day moving average price of $130.05 and a 200 day moving average price of $136.34. Federal Realty Investment Trust has a 1-year low of $121.73 and a 1-year high of $171.08.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, May 3rd. The real estate investment trust reported $1.45 earnings per share for the quarter, beating the 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 for the quarter, compared to analyst estimates of $205.96 million. During the same period in the previous year, the business earned $1.38 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. Equities analysts anticipate that Federal Realty Investment Trust will post $3.22 earnings per share for the current year.

The firm also recently announced 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 3.18%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 112.00%.

A number of brokerages have recently issued reports on FRT. Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a research note on Thursday, April 27th. 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. Deutsche Bank AG upped their target price on shares of Federal Realty Investment Trust from $139.00 to $140.00 and gave the company a “hold” rating in a research note on Tuesday, March 21st. Sandler O’Neill upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Monday, March 13th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price 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.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”});

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