Samalin Investment Counsel LLC Decreases Stake in Federal Realty Investment Trust (NYSE:FRT)

Samalin Investment Counsel LLC lowered its position in Federal Realty Investment Trust (NYSE:FRTGet Rating) by 6.3% in the first quarter, Holdings Channel reports. The fund owned 1,712 shares of the real estate investment trust’s stock after selling 116 shares during the period. Samalin Investment Counsel LLC’s holdings in Federal Realty Investment Trust were worth $209,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new stake in Federal Realty Investment Trust during the first quarter worth approximately $1,481,079,000. Norges Bank acquired a new stake in Federal Realty Investment Trust during the fourth quarter worth approximately $983,225,000. Dimensional Fund Advisors LP raised its holdings in Federal Realty Investment Trust by 3,102.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,122,629 shares of the real estate investment trust’s stock worth $137,044,000 after purchasing an additional 1,087,579 shares in the last quarter. Cohen & Steers Inc. acquired a new stake in Federal Realty Investment Trust during the first quarter worth approximately $118,617,000. Finally, Invesco Ltd. raised its holdings in Federal Realty Investment Trust by 62.6% during the first quarter. Invesco Ltd. now owns 1,330,651 shares of the real estate investment trust’s stock worth $162,432,000 after purchasing an additional 512,382 shares in the last quarter. Hedge funds and other institutional investors own 84.36% of the company’s stock.

Insider Buying and Selling

In other Federal Realty Investment Trust news, Director David W. Faeder acquired 10,565 shares of the firm’s stock in a transaction that occurred on Tuesday, June 21st. The shares were acquired at an average cost of $95.84 per share, for a total transaction of $1,012,549.60. Following the transaction, the director now directly owns 23,878 shares of the company’s stock, valued at $2,288,467.52. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $103.94 on Monday. Federal Realty Investment Trust has a 52 week low of $92.02 and a 52 week high of $140.51. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.51. The firm’s 50-day simple moving average is $103.60 and its 200 day simple moving average is $110.28. The firm has a market capitalization of $8.41 billion, a PE ratio of 30.04, a P/E/G ratio of 2.36 and a beta of 1.13.

Federal Realty Investment Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Thursday, September 22nd will be given a $1.08 dividend. The ex-dividend date of this dividend is Wednesday, September 21st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.07. This represents a $4.32 annualized dividend and a dividend yield of 4.16%. Federal Realty Investment Trust’s payout ratio is currently 123.70%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Federal Realty Investment Trust from $143.00 to $121.00 in a report on Monday, July 11th. Barclays cut their target price on shares of Federal Realty Investment Trust from $142.00 to $122.00 and set an “overweight” rating on the stock in a report on Friday, July 15th. Bank of America raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $110.00 to $130.00 in a report on Tuesday, August 9th. Jefferies Financial Group cut their target price on shares of Federal Realty Investment Trust from $133.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, June 30th. Finally, UBS Group cut their target price on shares of Federal Realty Investment Trust from $126.00 to $108.00 and set a “neutral” rating on the stock in a report on Monday, July 25th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.20.

Federal Realty Investment Trust Company Profile

(Get Rating)

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 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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