Today: Prudential Financial Inc. invests in 1,085 by buying Federal Realty Investment Trust (FRT) shares

Today: Prudential Financial Inc. invests in 1,085 by buying Federal Realty Investment Trust (FRT) shares

Prudential Financial Inc. raised its position in Federal Realty Investment Trust (NYSE:FRT) by 0.1% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 744,575 shares of the real estate investment trust’s stock after buying an additional 1,085 shares during the period. Prudential Financial Inc. owned approximately 1.04% of Federal Realty Investment Trust worth $114,613,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FRT. Advisor Group Inc. acquired a new position in Federal Realty Investment Trust during the second quarter worth $113,000. Global X Management Co. LLC boosted its position in Federal Realty Investment Trust by 83.9% in the second quarter. Global X Management Co. LLC now owns 756 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 345 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Federal Realty Investment Trust by 4.2% in the second quarter. Glenmede Trust Co. NA now owns 1,068 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 43 shares during the last quarter. Iowa State Bank acquired a new position in Federal Realty Investment Trust during the second quarter worth $199,000. Finally, Veritable L.P. acquired a new position in Federal Realty Investment Trust during the second quarter worth $203,000. 89.52% of the stock is owned by institutional investors.

Shares of Federal Realty Investment Trust (NYSE:FRT) opened at 141.78 on Monday. Federal Realty Investment Trust has a 52-week low of $134.39 and a 52-week high of $171.08. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 38.56 and a beta of 0.36. The stock has a 50 day moving average price of $142.70 and a 200-day moving average price of $155.00.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $1.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by $0.01. Federal Realty Investment Trust had a net margin of 32.89% and a return on equity of 10.87%. The business earned $201.20 million during the quarter, compared to analysts’ expectations of $200.07 million. During the same period in the prior year, the firm posted $1.36 EPS. Federal Realty Investment Trust’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Federal Realty Investment Trust will post $5.60 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the company. Canaccord Genuity upped their price target on Federal Realty Investment Trust from $167.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Jefferies Group reaffirmed a “hold” rating and issued a $173.00 price target on shares of Federal Realty Investment Trust in a report on Friday, August 5th. RBC Capital Markets reaffirmed an “underperform” rating and issued a $140.00 price target (up previously from $130.00) on shares of Federal Realty Investment Trust in a report on Wednesday, August 10th. Royal Bank Of Canada upped their price target on Federal Realty Investment Trust from $130.00 to $140.00 and gave the stock an “underperform” rating in a report on Monday, August 8th. Finally, Zacks Investment Research raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Federal Realty Investment Trust currently has a consensus rating of “Hold” and an average target price of $160.80.

About Federal Realty Investment Trust

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