AlphaCrest Capital Management LLC Has $413,000 Holdings in Federal Realty Investment Trust (NYSE:FRT)

AlphaCrest Capital Management LLC cut its holdings in shares of Federal Realty Investment Trust (NYSE:FRT – Get Rating) by 76.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,582 shares of the real estate investment trust’s stock after selling 14,778 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Federal Realty Investment Trust were worth $413,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. acquired a new position in shares of Federal Realty Investment Trust in the first quarter valued at $1,481,079,000. State Street Corp raised its stake in shares of Federal Realty Investment Trust by 8.3% in the second quarter. State Street Corp now owns 8,464,129 shares of the real estate investment trust’s stock valued at $819,071,000 after purchasing an additional 647,204 shares in the last quarter. Invesco Ltd. raised its stake in shares of Federal Realty Investment Trust by 62.6% in the first quarter. Invesco Ltd. now owns 1,330,651 shares of the real estate investment trust’s stock valued at $162,432,000 after purchasing an additional 512,382 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Federal Realty Investment Trust by 113.4% in the second quarter. Goldman Sachs Group Inc. now owns 468,254 shares of the real estate investment trust’s stock valued at $44,831,000 after purchasing an additional 248,778 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Federal Realty Investment Trust by 94.5% in the second quarter. Millennium Management LLC now owns 448,143 shares of the real estate investment trust’s stock valued at $42,905,000 after purchasing an additional 217,790 shares in the last quarter. 86.20% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $96.50 on Friday. The business’s 50-day simple moving average is $107.72 and its 200 day simple moving average is $103.12. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 2.55 and a beta of 1.20. Federal Realty Investment Trust has a 12-month low of $86.43 and a 12-month high of $128.13. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.53.

Federal Realty Investment Trust (NYSE:FRT – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.17). The firm had revenue of $279.80 million during the quarter, compared to the consensus estimate of $277.24 million. Federal Realty Investment Trust had a net margin of 35.88% and a return on equity of 14.06%. Federal Realty Investment Trust’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 EPS. As a group, research analysts anticipate that Federal Realty Investment Trust will post 6.49 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Monday, March 13th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Friday, March 10th. Federal Realty Investment Trust’s dividend payout ratio is 92.51%.

Insider Activity at Federal Realty Investment Trust

In related news, CFO Daniel Guglielmone sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $110.69, for a total value of $276,725.00. Following the transaction, the chief financial officer now owns 50,782 shares in the company, valued at $5,621,059.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $111.24, for a total value of $1,112,400.00. Following the completion of the sale, the chief executive officer now owns 200,710 shares of the company’s stock, valued at $22,326,980.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel Guglielmone sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $110.69, for a total transaction of $276,725.00. Following the completion of the sale, the chief financial officer now directly owns 50,782 shares of the company’s stock, valued at approximately $5,621,059.58. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Credit Suisse Group increased their price objective on Federal Realty Investment Trust from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, February 9th. Mizuho dropped their price objective on Federal Realty Investment Trust from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, March 1st. Compass Point upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Monday, January 30th. UBS Group increased their price objective on Federal Realty Investment Trust from $107.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, February 9th. Finally, StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of $117.00.

Federal Realty Investment Trust Company Profile

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Federal Realty Investment Trust is an equity real estate investment trust. It engages in ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.