APG Asset Management N.V. Makes New $4.62 Million Investment in Federal Realty Investment Trust (NYSE:FRT)

APG Asset Management N.V. bought a new stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 42,700 shares of the real estate investment trust's stock, valued at approximately $4,616,000. APG Asset Management N.V. owned about 0.05% of Federal Realty Investment Trust at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Federal Realty Investment Trust by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust's stock worth $1,459,947,000 after buying an additional 218,671 shares during the last quarter. Norges Bank purchased a new position in Federal Realty Investment Trust during the fourth quarter valued at approximately $810,544,000. JPMorgan Chase & Co. lifted its holdings in 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 during the period. Invesco Ltd. lifted its holdings in Federal Realty Investment Trust by 41.4% in the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after acquiring an additional 893,258 shares during the period. Finally, Geode Capital Management LLC boosted its position in Federal Realty Investment Trust by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust's stock worth $227,457,000 after purchasing an additional 77,783 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

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Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT traded up $2.35 during midday trading on Thursday, hitting $94.42. The company's stock had a trading volume of 162,810 shares, compared to its average volume of 672,730. The company has a market cap of $8.10 billion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08. The business's 50 day simple moving average is $98.72 and its 200 day simple moving average is $106.96. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month 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.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting analysts' consensus estimates of $1.73. The firm had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. On average, analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.66%. The ex-dividend date was Tuesday, April 1st. Federal Realty Investment Trust's payout ratio is currently 128.28%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FRT. Scotiabank decreased their target price on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Citigroup reissued a "neutral" rating and set a $106.00 target price (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Wells Fargo & Company reduced their price target on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Mizuho lowered their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Finally, Raymond James cut their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of "Moderate Buy" and an average target price of $116.00.

About Federal Realty Investment Trust

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.