Federal Realty Investment Trust (NYSE:FRT) Increases Dividend to $1.00 Per Share

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Federal Realty Investment Trust (NYSE:FRT) Increases Dividend to $1.00 Per Share

Bank of America Corporation raised shares of Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $140.00 to $146.00 in a research report on Friday, July 21st. Anderson Hoagland & Co. now owns 55,435 shares of the real estate investment trust's stock valued at $1,089,000 after buying an additional 3,535 shares in the last quarter. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Wright Investors Service Inc. bought a new stake in shares of First Industrial Realty Trust during the first quarter worth $349,000. (FR) traded up 1.61% during trading on Tuesday, hitting $31.01. Following the completion of the sale, the senior vice president now directly owns 13,377 shares in the company, valued at $1,605,240. The company has a 50 day moving average of $127.89 and a 200-day moving average of $132.36. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 31.64 and a beta of 0.99. Federal Realty Investment Trust has a 1 year low of $120.50 and a 1 year high of $171.08.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.40 by $0.01. Federal Realty Investment Trust had a return on equity of 10.89% and a net margin of 28.27%. The company had revenue of $207.39 million for the quarter, compared to analysts' expectations of $205.96 million. Equities analysts predict that Vornado Realty Trust will post $1.46 EPS for the current fiscal year. Federal Realty Investment Trust's quarterly revenue was up 4.6% on a year-over-year basis. Zacks Investment Research raised shares of Digital Realty Trust from a hold rating to a buy rating and set a $126.00 price objective for the company in a research note on Monday, July 17th. Investors of record on Thursday, June 22nd were paid a $0.98 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.71%. First Industrial Realty Trust's dividend payout ratio is now 85.71%.

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COPYRIGHT VIOLATION WARNING: This news story was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece of content on another domain, it was stolen and republished in violation of worldwide trademark and copyright laws. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/08/01/digital-realty-trust-inc-nysedlr-position-increased-by-russell-investments-group-ltd.html. World Asset Management Inc's holdings in Digital Realty Trust were worth $1,978,000 at the end of the most recent quarter. State of Alaska Department of Revenue increased its stake in shares of Federal Realty Investment Trust by 9.8% in the first quarter. GWM Advisors LLC now owns 4,312 shares of the real estate investment trust's stock valued at $461,000 after buying an additional 34 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Digital Realty Trust by 6,396.6% in the first quarter. BTIM Corp. now owns 25,100 shares of the real estate investment trust's stock worth $2,835,000 after buying an additional 75 shares in the last quarter.

On 8/2/2013 Federal Realty Investment Trust announced a quarterly dividend of $0.78. Vanguard Group Inc. now owns 27,643,911 shares of the real estate investment trust's stock worth $2,941,034,000 after buying an additional 529,792 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Vornado Realty Trust by 1.4% in the fourth quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of First Industrial Realty Trust by 19.1% in the second quarter. Seaport Global Securities reiterated a "buy" recommendation on stocks of Federal Realty Investment Trust in a study analysis published on early Thur, Apr 27th.

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Several brokerages have commented on FR. Macquarie reiterated a "neutral" rating and set a $105.00 target price on shares of Digital Realty Trust in a report on Thursday, April 6th. BidaskClub lowered Education Realty Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, July 12th. TheStreet lowered shares of Vornado Realty Trust from a b- rating to a c+ rating in a research report on Tuesday, June 20th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. First Industrial Realty Trust presently has an average rating of "Hold" and an average price target of $30.20.

First Industrial Realty Trust, Inc is a real estate investment trust (REIT). The Trust and its operating partnership are engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. As of December 31, 2016, the Company's in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.

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