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

Nomura Asset Management Co. Ltd. increased its stake in Federal Realty Investment Trust (NYSE:FRT) by 4.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 446,922 shares of the real estate investment trust’s stock after acquiring an additional 20,641 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.54% of Federal Realty Investment Trust worth $50,033,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FRT. Vanguard Group Inc. boosted its stake 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 acquiring an additional 218,671 shares during the last quarter. Norges Bank purchased a new position in Federal Realty Investment Trust in the 4th quarter valued at $810,544,000. JPMorgan Chase & Co. boosted its stake in Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after purchasing an additional 168,885 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Federal Realty Investment Trust by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,956,097 shares of the real estate investment trust’s stock valued at $224,565,000 after buying an additional 7,160 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Federal Realty Investment Trust by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,285,189 shares of the real estate investment trust’s stock worth $143,877,000 after buying an additional 37,274 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $96.80 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $8.29 billion, a P/E ratio of 28.22, a P/E/G ratio of 2.20 and a beta of 1.27. The stock has a 50-day moving average of $103.78 and a two-hundred day moving average of $109.43. Federal Realty Investment Trust has a 1-year low of $94.58 and a 1-year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The company had revenue of $311.44 million during the quarter, compared to analysts’ expectations of $311.85 million. As a group, analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.55%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 128.28%.

Analyst Upgrades and Downgrades

FRT has been the subject of a number of recent research reports. Mizuho cut their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company cut 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. Citigroup reissued a “neutral” rating and set a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday. Stifel Nicolaus cut their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of $116.62.

Federal Realty Investment Trust Company Profile

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.