Knights of Columbus Asset Advisors LLC Purchases New Shares in Federal Realty Investment Trust $FRT

Knights of Columbus Asset Advisors LLC acquired a new stake in Federal Realty Investment Trust (NYSE:FRT) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 9,592 shares of the real estate investment trust’s stock, valued at approximately $972,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FRT. Vanguard Group Inc. increased its stake in shares of Federal Realty Investment Trust by 1.9% in the second quarter. Vanguard Group Inc. now owns 13,273,108 shares of the real estate investment trust’s stock valued at $1,260,813,000 after buying an additional 244,854 shares in the last quarter. Norges Bank bought a new stake in Federal Realty Investment Trust during the 2nd quarter worth about $690,507,000. State Street Corp grew its holdings in Federal Realty Investment Trust by 2.8% during the 2nd quarter. State Street Corp now owns 6,578,616 shares of the real estate investment trust’s stock worth $624,903,000 after acquiring an additional 176,613 shares during the last quarter. Resolution Capital Ltd raised its position in Federal Realty Investment Trust by 11.8% in the 2nd quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock worth $310,109,000 after purchasing an additional 344,189 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Federal Realty Investment Trust by 3.1% during the second quarter. Invesco Ltd. now owns 2,712,912 shares of the real estate investment trust’s stock worth $257,700,000 after acquiring an additional 82,312 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of FRT stock opened at $101.10 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.52. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $111.82. The firm has a fifty day moving average of $100.46 and a 200-day moving average of $98.47. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 4.34 and a beta of 1.01.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.01. Federal Realty Investment Trust had a return on equity of 11.12% and a net margin of 27.65%.The firm had revenue of $321.97 million for the quarter, compared to analyst estimates of $318.73 million. During the same period in the previous year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities research analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FRT. Barclays restated a “positive” rating and set a $107.00 target price on shares of Federal Realty Investment Trust in a research report on Tuesday, January 13th. Wall Street Zen upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Wells Fargo & Company assumed coverage on shares of Federal Realty Investment Trust in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $113.00 price objective on the stock. Stifel Nicolaus set a $109.50 target price on shares of Federal Realty Investment Trust in a research report on Thursday, December 18th. Finally, Mizuho set a $105.00 price target on Federal Realty Investment Trust in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.30.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.