Krueger & Catalano Capital Partners LLC Boosts Holdings in Federal Realty Investment Trust (NYSE:FRT)

Krueger & Catalano Capital Partners LLC raised its holdings in Federal Realty Investment Trust (NYSE:FRT) by 34.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,515 shares of the real estate investment trust’s stock after purchasing an additional 2,430 shares during the quarter. Krueger & Catalano Capital Partners LLC’s holdings in Federal Realty Investment Trust were worth $1,225,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Zions Bancorporation N.A. purchased a new stake in Federal Realty Investment Trust in the first quarter valued at $25,000. Quadrant Capital Group LLC boosted its holdings in Federal Realty Investment Trust by 694.1% in the first quarter. Quadrant Capital Group LLC now owns 270 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 236 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Federal Realty Investment Trust in the first quarter valued at $100,000. Signature Estate & Investment Advisors LLC purchased a new stake in Federal Realty Investment Trust in the first quarter valued at $106,000. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new stake in Federal Realty Investment Trust in the first quarter valued at $211,000. 88.97% of the stock is currently owned by institutional investors.

Several equities research analysts have commented on the stock. Deutsche Bank upped their price target on shares of Federal Realty Investment Trust from $133.00 to $134.00 and gave the company a “hold” rating in a report on Wednesday, May 15th. Raymond James raised shares of Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Tuesday, May 28th. Zacks Investment Research raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. DA Davidson downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Capital One Financial upgraded shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 17th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $139.50.

Shares of Federal Realty Investment Trust stock opened at $130.59 on Friday. The stock has a 50-day moving average price of $131.17. The firm has a market capitalization of $9.85 billion, a P/E ratio of 20.96, a P/E/G ratio of 4.07 and a beta of 0.45. Federal Realty Investment Trust has a fifty-two week low of $115.09 and a fifty-two week high of $139.29. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.35 and a current ratio of 1.35.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. The business had revenue of $229.73 million during the quarter, compared to the consensus estimate of $232.00 million. Federal Realty Investment Trust had a net margin of 26.11% and a return on equity of 10.53%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 earnings per share. As a group, sell-side analysts expect that Federal Realty Investment Trust will post 6.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 23rd will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. Federal Realty Investment Trust’s dividend payout ratio is 65.49%.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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

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