Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 65.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,517 shares of the real estate investment trust’s stock after acquiring an additional 61,211 shares during the period. Principal Financial Group Inc. owned approximately 0.19% of Federal Realty Investment Trust worth $17,298,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its stake in shares of Federal Realty Investment Trust by 1,463.8% during the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock valued at $70,251,000 after purchasing an additional 572,008 shares in the last quarter. FMR LLC increased its stake in Federal Realty Investment Trust by 667.2% during the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock valued at $65,856,000 after buying an additional 498,146 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Federal Realty Investment Trust by 456.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock worth $69,544,000 after buying an additional 496,129 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Federal Realty Investment Trust in the 3rd quarter worth approximately $26,548,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after acquiring an additional 168,885 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FRT. Raymond James dropped their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Stifel Nicolaus cut their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a report on Friday, February 14th. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Scotiabank boosted their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Finally, Wells Fargo & Company reduced their price objective on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.54.

Federal Realty Investment Trust Stock Down 0.1 %

Shares of NYSE:FRT opened at $105.53 on Wednesday. The firm has a 50 day simple moving average of $107.85 and a 200 day simple moving average of $111.77. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market cap of $9.04 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.73. The company had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. As a group, research analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.17%. Federal Realty Investment Trust’s payout ratio is presently 128.28%.

Federal Realty Investment Trust Company Profile

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.