Tokio Marine Asset Management Co. Ltd. Increases Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Tokio Marine Asset Management Co. Ltd. boosted its position in Federal Realty Investment Trust (NYSE:FRT) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,612 shares of the real estate investment trust’s stock after purchasing an additional 84 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Federal Realty Investment Trust were worth $208,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. purchased a new position in Federal Realty Investment Trust in the first quarter worth about $25,000. Quadrant Capital Group LLC raised its stake in shares of 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 worth $36,000 after buying an additional 236 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Federal Realty Investment Trust in the first quarter worth about $100,000. Signature Estate & Investment Advisors LLC bought a new position in shares of Federal Realty Investment Trust in the first quarter worth about $106,000. Finally, SOL Capital Management CO bought a new position in shares of Federal Realty Investment Trust in the first quarter worth about $214,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on the company. Capital One Financial raised Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 17th. DA Davidson downgraded Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 23rd. Zacks Investment Research raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday. Finally, Raymond James raised Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Tuesday, May 28th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $140.00.

FRT traded down $0.33 on Wednesday, hitting $128.41. 3,039 shares of the company’s stock traded hands, compared to its average volume of 326,112. The firm has a 50 day simple moving average of $130.91. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 4.10 and a beta of 0.45. Federal Realty Investment Trust has a one year low of $115.09 and a one year high of $139.29. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.41.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.02. The company had revenue of $229.73 million for the quarter, compared to the consensus estimate of $232.00 million. Federal Realty Investment Trust had a return on equity of 11.13% and a net margin of 27.82%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $1.55 EPS. Equities analysts predict that Federal Realty Investment Trust will post 6.38 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 23rd will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Friday, September 20th. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. Federal Realty Investment Trust’s dividend payout ratio (DPR) 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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