Patten Group Has Lowered Holding in Tiffany & Co (TIF) by $324,000 as Valuation Rose; As Federal Realty Investment Trus (FRT) Share Value Declined, Heitman Real Estate Securities Increased Its Holding by $39.21 Million

February 17, 2018 - By Hazel Jackson

Heitman Real Estate Securities Llc increased its stake in Federal Realty Investment Trus (FRT) by 153.47% based on its latest 2017Q3 regulatory filing with the SEC. Heitman Real Estate Securities Llc bought 316,237 shares as the company’s stock declined 10.71% while stock markets rallied. The institutional investor held 522,295 shares of the real estate investment trusts company at the end of 2017Q3, valued at $64.87 million, up from 206,058 at the end of the previous reported quarter. Heitman Real Estate Securities Llc who had been investing in Federal Realty Investment Trus for a number of months, seems to be bullish on the $8.47B market cap company. The stock increased 2.10% or $2.35 during the last trading session, reaching $114.45. About 636,513 shares traded or 27.14% up from the average. Federal Realty Investment Trust (NYSE:FRT) has declined 16.62% since February 17, 2017 and is downtrending. It has underperformed by 33.32% the S&P500.

Patten Group Inc decreased its stake in Tiffany & Co (TIF) by 90.57% based on its latest 2017Q3 regulatory filing with the SEC. Patten Group Inc sold 3,600 shares as the company’s stock rose 7.82% with the market. The institutional investor held 375 shares of the consumer specialties company at the end of 2017Q3, valued at $34,000, down from 3,975 at the end of the previous reported quarter. Patten Group Inc who had been investing in Tiffany & Co for a number of months, seems to be less bullish one the $12.61 billion market cap company. The stock decreased 0.22% or $0.22 during the last trading session, reaching $101.47. About 1.31M shares traded. Tiffany & Co. (NYSE:TIF) has risen 46.84% since February 17, 2017 and is uptrending. It has outperformed by 30.14% the S&P500.

Since September 7, 2017, it had 0 insider purchases, and 2 sales for $4.07 million activity. Shares for $2.86M were sold by BECKER DAWN M on Thursday, September 7.

Among 18 analysts covering Federal Realty Investment Trust (NYSE:FRT), 11 have Buy rating, 2 Sell and 5 Hold. Therefore 61% are positive. Federal Realty Investment Trust had 49 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Monday, July 18 by Deutsche Bank. The firm has “Neutral” rating given on Friday, August 21 by Citigroup. The rating was maintained by BMO Capital Markets on Tuesday, January 9 with “Buy”. BTIG Research initiated the shares of FRT in report on Thursday, August 25 with “Neutral” rating. The company was maintained on Tuesday, February 13 by Jefferies. Citigroup upgraded the stock to “Buy” rating in Tuesday, December 13 report. Boenning & Scattergood downgraded the stock to “Neutral” rating in Monday, October 3 report. The firm has “Buy” rating by Boenning & Scattergood given on Thursday, February 15. The rating was downgraded by Evercore to “Hold” on Monday, January 25. Deutsche Bank maintained it with “Hold” rating and $140 target in Monday, February 22 report.

Heitman Real Estate Securities Llc, which manages about $2.16B and $1.73 billion US Long portfolio, decreased its stake in Simon Property Group Inc (NYSE:SPG) by 16,925 shares to 444,018 shares, valued at $71.49 million in 2017Q3, according to the filing. It also reduced its holding in Essex Property Trust Inc. (NYSE:ESS) by 89,734 shares in the quarter, leaving it with 142,916 shares, and cut its stake in Paramount Group Inc.

Investors sentiment increased to 1.26 in Q3 2017. Its up 0.37, from 0.89 in 2017Q2. It improved, as 19 investors sold FRT shares while 101 reduced holdings. 41 funds opened positions while 110 raised stakes. 67.06 million shares or 0.20% more from 66.93 million shares in 2017Q2 were reported. Rampart Investment Limited Liability holds 1,007 shares or 0.04% of its portfolio. Moreover, Sarasin And Llp has 0.04% invested in Federal Realty Investment Trust (NYSE:FRT) for 14,752 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0.02% or 16,267 shares. Pggm Investments reported 1.30 million shares or 0.8% of all its holdings. Point72 Asia (Hong Kong) Limited accumulated 45 shares. Bnp Paribas Arbitrage stated it has 75,849 shares or 0.02% of all its holdings. Jefferies Grp Inc Ltd Co holds 20,372 shares or 0.02% of its portfolio. The Belgium-based Kbc Group Incorporated Nv has invested 0.01% in Federal Realty Investment Trust (NYSE:FRT). Eii Capital Mngmt Inc reported 30,336 shares. Exxonmobil Inv Mngmt Incorporated Tx holds 13,195 shares or 0.04% of its portfolio. Sterling Cap Mgmt Ltd Liability stated it has 0.06% in Federal Realty Investment Trust (NYSE:FRT). Teachers Retirement Of The State Of Kentucky accumulated 8,200 shares or 0.01% of the stock. Moreover, Ameritas Investment Prtnrs has 0.03% invested in Federal Realty Investment Trust (NYSE:FRT) for 4,995 shares. Finemark Fincl Bank And Trust has 0.02% invested in Federal Realty Investment Trust (NYSE:FRT) for 2,410 shares. Moreover, Rafferty Asset Mgmt Limited Liability has 0.03% invested in Federal Realty Investment Trust (NYSE:FRT) for 12,014 shares.

Analysts await Tiffany & Co. (NYSE:TIF) to report earnings on March, 16. They expect $1.52 EPS, up 4.83% or $0.07 from last year’s $1.45 per share. TIF’s profit will be $188.90M for 16.69 P/E if the $1.52 EPS becomes a reality. After $0.80 actual EPS reported by Tiffany & Co. for the previous quarter, Wall Street now forecasts 90.00% EPS growth.

Among 26 analysts covering Tiffany & Co. (NYSE:TIF), 14 have Buy rating, 0 Sell and 12 Hold. Therefore 54% are positive. Tiffany & Co. had 84 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, March 15 by Citigroup. The firm earned “Sector Perform” rating on Thursday, September 10 by RBC Capital Markets. The stock of Tiffany & Co. (NYSE:TIF) has “Hold” rating given on Thursday, January 11 by Wells Fargo. The company was maintained on Wednesday, November 29 by RBC Capital Markets. The firm has “Hold” rating by Susquehanna given on Wednesday, January 17. The firm earned “Hold” rating on Thursday, July 6 by RBC Capital Markets. The company was maintained on Friday, August 25 by Needham. The stock has “Neutral” rating by Goldman Sachs on Thursday, May 26. The stock has “Neutral” rating by Citigroup on Friday, August 26. The company was maintained on Friday, August 28 by Cowen & Co.

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