Cohen & Steers Cut Its Holding in Federal Realty Investment Trust (FRT) by $15.68 Million as Market Valuation Declined; As Marriott Vacations Wrldwde C (Call) (VAC) Shares Rose, Scopus Asset Management LP Lowered Its Holding by $6.20 Million

February 19, 2018 - By Winifred Garcia

Alexander Mitchell decreased its stake in Marriott Vacations Wrldwde C (Call) (VAC) by 12.5% based on its latest 2017Q3 regulatory filing with the SEC. Scopus Asset Management Lp sold 50,000 shares as the company’s stock rose 24.67% with the market. The hedge fund run by Alexander Mitchell held 350,000 shares of the real estate company at the end of 2017Q3, valued at $43.59 million, down from 400,000 at the end of the previous reported quarter. Scopus Asset Management Lp who had been investing in Marriott Vacations Wrldwde C (Call) for a number of months, seems to be less bullish one the $3.78 billion market cap company. The stock decreased 1.32% or $1.91 during the last trading session, reaching $142.64. About 136,154 shares traded. Marriott Vacations Worldwide Corporation (NYSE:VAC) has risen 95.13% since February 19, 2017 and is uptrending. It has outperformed by 78.43% the S&P500.

Cohen & Steers Inc decreased its stake in Federal Realty Investment Trust (FRT) by 6.4% based on its latest 2017Q3 regulatory filing with the SEC. Cohen & Steers Inc sold 126,489 shares as the company’s stock declined 10.71% while stock markets rallied. The institutional investor held 1.85 million shares of the real estate investment trusts company at the end of 2017Q3, valued at $229.65M, down from 1.98 million at the end of the previous reported quarter. Cohen & Steers Inc who had been investing in Federal Realty Investment Trust for a number of months, seems to be less bullish one 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 26.84% up from the average. Federal Realty Investment Trust (NYSE:FRT) has declined 16.62% since February 19, 2017 and is downtrending. It has underperformed by 33.32% the S&P500.




Since September 7, 2017, it had 0 insider buys, and 2 selling transactions for $4.07 million activity. $2.86M worth of Federal Realty Investment Trust (NYSE:FRT) shares were sold by BECKER DAWN M.

Cohen & Steers Inc, which manages about $36.65 billion US Long portfolio, upped its stake in Equity Residential (NYSE:EQR) by 7.60 million shares to 14.55 million shares, valued at $959.20M in 2017Q3, according to the filing. It also increased its holding in Pfizer Inc. (NYSE:PFE) by 54,727 shares in the quarter, for a total of 695,083 shares, and has risen its stake in Pimco High Income Fund (PHK).

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. Citigroup maintained the shares of FRT in report on Monday, August 14 with “Buy” rating. The rating was maintained by Boenning & Scattergood on Thursday, February 15 with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, February 14. The firm earned “Buy” rating on Tuesday, January 9 by BMO Capital Markets. The rating was maintained by Citigroup with “Neutral” on Friday, August 21. Jefferies maintained Federal Realty Investment Trust (NYSE:FRT) rating on Monday, October 16. Jefferies has “Hold” rating and $130.0 target. As per Thursday, August 6, the company rating was upgraded by RBC Capital Markets. Jefferies maintained the shares of FRT in report on Monday, July 24 with “Hold” rating. Evercore downgraded Federal Realty Investment Trust (NYSE:FRT) on Monday, January 25 to “Hold” rating. The firm has “Hold” rating given on Monday, August 28 by Jefferies.

Investors sentiment increased to 1.26 in Q3 2017. Its up 0.37, from 0.89 in 2017Q2. It increased, 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. Credit Agricole S A accumulated 55,956 shares. Lpl Financial Ltd Liability Company holds 0% or 2,186 shares in its portfolio. Kentucky Retirement owns 4,435 shares for 0.04% of their portfolio. Old Mutual Customised Solutions (Proprietary) Ltd has 2,411 shares for 0.04% of their portfolio. Wells Fargo & Com Mn, a California-based fund reported 375,930 shares. Utah Retirement Sys reported 15,565 shares. Edge Wealth Management Ltd Liability holds 0.03% in Federal Realty Investment Trust (NYSE:FRT) or 800 shares. Bancorporation invested 0.01% of its portfolio in Federal Realty Investment Trust (NYSE:FRT). Riverhead Management Ltd Liability Company owns 3,767 shares or 0.02% of their US portfolio. Sei holds 0.05% of its portfolio in Federal Realty Investment Trust (NYSE:FRT) for 120,140 shares. Schroder Mgmt Grp Inc Incorporated holds 0.05% or 232,682 shares in its portfolio. Sun Life Fincl Inc owns 0.01% invested in Federal Realty Investment Trust (NYSE:FRT) for 532 shares. The New York-based Lazard Asset Ltd Llc has invested 0% in Federal Realty Investment Trust (NYSE:FRT). Magnetar Fincl Ltd Company has 0% invested in Federal Realty Investment Trust (NYSE:FRT) for 1,670 shares. Fort Point Cap Limited has invested 0.47% in Federal Realty Investment Trust (NYSE:FRT).

Since September 6, 2017, it had 0 insider purchases, and 2 selling transactions for $868,346 activity. $680,729 worth of Marriott Vacations Worldwide Corporation (NYSE:VAC) was sold by MARRIOTT J W JR on Wednesday, September 6.

Scopus Asset Management Lp, which manages about $3.64 billion and $9.71B US Long portfolio, upped its stake in Amazon Com Inc (Call) (NASDAQ:AMZN) by 25,000 shares to 75,000 shares, valued at $72.10 million in 2017Q3, according to the filing. It also increased its holding in Ulta Beauty Inc (NASDAQ:ULTA) by 524,700 shares in the quarter, for a total of 684,700 shares, and has risen its stake in Westlake Chem Corp (NYSE:WLK).

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.26, from 1.17 in 2017Q2. It turned negative, as 22 investors sold VAC shares while 80 reduced holdings. 36 funds opened positions while 57 raised stakes. 19.41 million shares or 3.96% less from 20.21 million shares in 2017Q2 were reported. Grp One Trading Limited Partnership holds 1,116 shares. State Of Alaska Department Of Revenue accumulated 4,853 shares or 0.03% of the stock. Guggenheim Cap Ltd Liability Company accumulated 4,718 shares or 0% of the stock. Fiera Cap Corp invested in 60,297 shares or 0.04% of the stock. 132,153 were reported by Bancorporation Of America De. Citigroup Inc invested in 0% or 21,782 shares. Tennessee-based Patten Inc has invested 0.02% in Marriott Vacations Worldwide Corporation (NYSE:VAC). Thrivent Financial For Lutherans holds 0.01% or 15,237 shares. Scopus Asset Mgmt Lp, a New York-based fund reported 235,966 shares. Aqr Lc owns 71,111 shares for 0.01% of their portfolio. Alexandria Limited Com has invested 0.01% in Marriott Vacations Worldwide Corporation (NYSE:VAC). Clarivest Asset Mngmt Ltd has invested 0.06% in Marriott Vacations Worldwide Corporation (NYSE:VAC). Paloma Prtnrs Mngmt Communication has invested 0% in Marriott Vacations Worldwide Corporation (NYSE:VAC). Wellington Management Gp Limited Liability Partnership reported 1.25 million shares or 0.04% of all its holdings. Moreover, Parametrica Mngmt has 0.15% invested in Marriott Vacations Worldwide Corporation (NYSE:VAC) for 2,931 shares.

Among 10 analysts covering Marriot Vacations Worldwide (NYSE:VAC), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Marriot Vacations Worldwide had 26 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Buy” rating by Buckingham Research on Monday, June 19. Nomura maintained it with “Buy” rating and $160 target in Friday, November 3 report. The stock has “Hold” rating by SunTrust on Tuesday, October 17. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, September 19. M Partners maintained the stock with “Buy” rating in Friday, October 16 report. The stock of Marriott Vacations Worldwide Corporation (NYSE:VAC) earned “Buy” rating by Stifel Nicolaus on Thursday, August 3. The company was initiated on Friday, February 5 by Credit Suisse. The rating was upgraded by M Partners on Friday, July 24 to “Buy”. M Partners maintained Marriott Vacations Worldwide Corporation (NYSE:VAC) on Thursday, January 14 with “Buy” rating. Telsey Advisory Group maintained the shares of VAC in report on Friday, May 5 with “Market Perform” rating.

Analysts await Marriott Vacations Worldwide Corporation (NYSE:VAC) to report earnings on February, 22. They expect $1.16 earnings per share, down 36.61% or $0.67 from last year’s $1.83 per share. VAC’s profit will be $30.73 million for 30.74 P/E if the $1.16 EPS becomes a reality. After $1.41 actual earnings per share reported by Marriott Vacations Worldwide Corporation for the previous quarter, Wall Street now forecasts -17.73% negative EPS growth.

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