Aew Capital Management LP Lowered Federal Realty Invs Trust (FRT) Holding as Share Price Declined; Wealthtrust Fairport Has Cut Its Progressive Ohio (PGR) Stake by $10.46 Million as Share Value Rose

May 17, 2018 - By Michael Collier

The Progressive Corporation (NYSE:PGR) Logo

Wealthtrust Fairport Llc decreased its stake in Progressive Corp Ohio (PGR) by 88.97% based on its latest 2017Q4 regulatory filing with the SEC. Wealthtrust Fairport Llc sold 186,837 shares as the company’s stock rose 7.49% while stock markets declined. The institutional investor held 23,163 shares of the property-casualty insurers company at the end of 2017Q4, valued at $1.31M, down from 210,000 at the end of the previous reported quarter. Wealthtrust Fairport Llc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $35.28 billion market cap company. The stock decreased 1.67% or $1.03 during the last trading session, reaching $60.58. About 1.92M shares traded. The Progressive Corporation (NYSE:PGR) has risen 52.71% since May 17, 2017 and is uptrending. It has outperformed by 41.16% the S&P500.

Jeffrey Furber decreased its stake in Federal Realty Invs Trust (FRT) by 7.99% based on its latest 2017Q4 regulatory filing with the SEC. Aew Capital Management LP sold 65,550 shares as the company’s stock declined 12.97% with the market. The hedge fund run by Jeffrey Furber held 755,259 shares of the real estate investment trusts company at the end of 2017Q4, valued at $100.31 million, down from 820,809 at the end of the previous reported quarter. Aew Capital Management LP who had been investing in Federal Realty Invs Trust for a number of months, seems to be less bullish one the $8.43B market cap company. The stock decreased 0.14% or $0.16 during the last trading session, reaching $113.93. About 200,788 shares traded. Federal Realty Investment Trust (NYSE:FRT) has declined 14.51% since May 17, 2017 and is downtrending. It has underperformed by 26.06% the S&P500.

Among 20 analysts covering Federal Realty Investment Trust (NYSE:FRT), 12 have Buy rating, 1 Sell and 7 Hold. Therefore 60% are positive. Federal Realty Investment Trust had 56 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, July 21 by Bank of America. Seaport Global maintained Federal Realty Investment Trust (NYSE:FRT) on Friday, April 28 with “Buy” rating. The company was downgraded on Monday, January 25 by Evercore. The rating was maintained by Deutsche Bank with “Hold” on Monday, February 22. RBC Capital Markets upgraded Federal Realty Investment Trust (NYSE:FRT) on Thursday, August 6 to “Sector Perform” rating. The firm earned “In-Line” rating on Monday, March 5 by Evercore. The stock of Federal Realty Investment Trust (NYSE:FRT) has “Buy” rating given on Wednesday, July 22 by Canaccord Genuity. The rating was maintained by Citigroup with “Buy” on Monday, August 14. Citigroup maintained the stock with “Neutral” rating in Thursday, August 11 report. The stock has “Mkt Perform” rating by Raymond James on Thursday, October 22.

Since March 14, 2018, it had 0 buys, and 1 sale for $3.53 million activity.

Aew Capital Management L P, which manages about $25.93B and $3.86 billion US Long portfolio, upped its stake in Retail Properties Of America Inc Cl A (NYSE:RPAI) by 365,800 shares to 6.63 million shares, valued at $89.13M in 2017Q4, according to the filing. It also increased its holding in Avalonbay Communities Inc (NYSE:AVB) by 27,491 shares in the quarter, for a total of 1.24M shares, and has risen its stake in Rlj Lodging Trust (NYSE:RLJ).

Analysts await Federal Realty Investment Trust (NYSE:FRT) to report earnings on August, 1. They expect $1.53 EPS, up 2.68% or $0.04 from last year’s $1.49 per share. FRT’s profit will be $113.20M for 18.62 P/E if the $1.53 EPS becomes a reality. After $1.52 actual EPS reported by Federal Realty Investment Trust for the previous quarter, Wall Street now forecasts 0.66% EPS growth.

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.20, from 1.26 in 2017Q3. It worsened, as 31 investors sold FRT shares while 111 reduced holdings. 41 funds opened positions while 110 raised stakes. 67.46 million shares or 0.60% more from 67.06 million shares in 2017Q3 were reported. Pggm Invs holds 0.67% of its portfolio in Federal Realty Investment Trust (NYSE:FRT) for 904,000 shares. Virtu Lc holds 0.02% of its portfolio in Federal Realty Investment Trust (NYSE:FRT) for 2,309 shares. Greenleaf Tru stated it has 0% of its portfolio in Federal Realty Investment Trust (NYSE:FRT). 14,400 were reported by Virginia Retirement Sys Et Al. World Asset Management stated it has 8,438 shares. Quantitative Systematic Strategies Lc has 2,036 shares for 0.07% of their portfolio. Calamos Advsrs Ltd Liability has 35,754 shares for 0.02% of their portfolio. Davis Selected Advisers reported 85,496 shares stake. State Bank Of Montreal Can holds 0.01% of its portfolio in Federal Realty Investment Trust (NYSE:FRT) for 49,034 shares. Kentucky Retirement Sys invested in 0.04% or 4,474 shares. Sol Capital Management accumulated 1,675 shares. Hartford Invest Management Communications, a Connecticut-based fund reported 27,220 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta owns 54,100 shares. Massachusetts-based Rampart Invest Management has invested 0.05% in Federal Realty Investment Trust (NYSE:FRT). Verition Fund Limited Liability Corp invested in 3,647 shares.

More recent Federal Realty Investment Trust (NYSE:FRT) news were published by: Seekingalpha.com which released: “Federal Realty Investment Trust’s (FRT) CEO Don Wood on Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Also Bizjournals.com published the news titled: “First look: Go inside Xmbly, Somerville’s next big mixed-use project” on May 15, 2018. Streetinsider.com‘s news article titled: “Federal Realty Inv. Trust (FRT) Tops Q1 EPS by 9c” with publication date: May 02, 2018 was also an interesting one.

Among 19 analysts covering Progressive (NYSE:PGR), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Progressive had 65 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Thursday, March 17 by Goldman Sachs. The rating was upgraded by Morgan Stanley on Thursday, January 5 to “Equal-Weight”. The firm has “Buy” rating given on Monday, December 4 by Keefe Bruyette & Woods. The firm has “Neutral” rating by Citigroup given on Wednesday, October 18. The stock has “Neutral” rating by Goldman Sachs on Tuesday, January 10. The stock of The Progressive Corporation (NYSE:PGR) has “Hold” rating given on Thursday, December 17 by Sandler O’Neill. On Tuesday, January 19 the stock rating was downgraded by Bernstein to “Market Perform”. The stock of The Progressive Corporation (NYSE:PGR) has “Buy” rating given on Wednesday, August 16 by Keefe Bruyette & Woods. The company was maintained on Wednesday, October 18 by Morgan Stanley. The stock of The Progressive Corporation (NYSE:PGR) has “Neutral” rating given on Monday, September 21 by Sterne Agee CRT.

Investors sentiment increased to 1.17 in 2017 Q4. Its up 0.10, from 1.07 in 2017Q3. It improved, as 32 investors sold PGR shares while 198 reduced holdings. 81 funds opened positions while 189 raised stakes. 453.53 million shares or 1.27% more from 447.86 million shares in 2017Q3 were reported. Driehaus Mngmt stated it has 7,087 shares. Kentucky Retirement Systems invested in 35,866 shares or 0.14% of the stock. Brown Brothers Harriman & Commerce reported 425,556 shares stake. Benjamin F Edwards And Incorporated owns 555 shares. Northcoast Asset Mgmt Ltd Co reported 23,202 shares. 18,199 are owned by Marietta Investment Partners Ltd Liability Corp. Moreover, Howe Rusling has 0% invested in The Progressive Corporation (NYSE:PGR) for 149 shares. Pineno Levin And Ford Asset Management reported 1.81% of its portfolio in The Progressive Corporation (NYSE:PGR). Millennium Ltd Com accumulated 0.1% or 1.27M shares. Mutual Of America Management Ltd Com invested in 0.1% or 113,114 shares. Bridgeway Mngmt reported 64,520 shares. Peak Asset Management Limited Liability Corporation has invested 0.12% in The Progressive Corporation (NYSE:PGR). Colorado-based Employees Retirement Association Of Colorado has invested 0.04% in The Progressive Corporation (NYSE:PGR). Ameriprise Fincl Inc owns 1.19M shares. Inverness Counsel Ltd Ny reported 2.39% of its portfolio in The Progressive Corporation (NYSE:PGR).

Analysts await The Progressive Corporation (NYSE:PGR) to report earnings on July, 17. They expect $0.84 EPS, up 42.37% or $0.25 from last year’s $0.59 per share. PGR’s profit will be $489.19 million for 18.03 P/E if the $0.84 EPS becomes a reality. After $1.22 actual EPS reported by The Progressive Corporation for the previous quarter, Wall Street now forecasts -31.15% negative EPS growth.

More important recent The Progressive Corporation (NYSE:PGR) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” on May 17, 2018, also Seekingalpha.com published article titled: “Progressive’s Dashboard Report – March 2018 Update”, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018. More interesting news about The Progressive Corporation (NYSE:PGR) was released by: Crainscleveland.com and their article: “Progressive Corp. appoints its first female board chair” with publication date: May 14, 2018.

Since April 25, 2018, it had 0 insider purchases, and 1 sale for $121,236 activity.

Federal Realty Investment Trust (NYSE:FRT) Institutional Positions Chart

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