DekaBank Deutsche Girozentrale Acquires 23,935 Shares of Federal Realty Investment Trust (NYSE:FRT)

DekaBank Deutsche Girozentrale raised its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 1,242.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 25,862 shares of the real estate investment trust’s stock after acquiring an additional 23,935 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Federal Realty Investment Trust were worth $2,606,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FRT. Vest Financial LLC lifted its position in Federal Realty Investment Trust by 19.1% during the second quarter. Vest Financial LLC now owns 430,051 shares of the real estate investment trust’s stock valued at $43,422,000 after purchasing an additional 69,059 shares during the period. Y.D. More Investments Ltd bought a new position in shares of Federal Realty Investment Trust during the 2nd quarter valued at $96,000. American Century Companies Inc. lifted its holdings in shares of Federal Realty Investment Trust by 7.0% during the 2nd quarter. American Century Companies Inc. now owns 28,247 shares of the real estate investment trust’s stock valued at $2,852,000 after buying an additional 1,849 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 1.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 30,135 shares of the real estate investment trust’s stock worth $3,043,000 after buying an additional 576 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in shares of Federal Realty Investment Trust by 2.6% in the second quarter. Royal London Asset Management Ltd. now owns 43,101 shares of the real estate investment trust’s stock worth $4,352,000 after acquiring an additional 1,091 shares during the period. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $115.49 on Thursday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $118.34. The business has a 50-day moving average price of $112.72 and a 200-day moving average price of $105.03. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 41.10, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.36). The business had revenue of $295.80 million during the quarter, compared to the consensus estimate of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 earnings per share. As a group, equities research analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a $1.10 dividend. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Tuesday, October 1st. Federal Realty Investment Trust’s payout ratio is currently 156.58%.

Insiders Place Their Bets

In other news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the sale, the chief executive officer now owns 6,637 shares in the company, valued at approximately $771,020.29. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FRT shares. JPMorgan Chase & Co. raised their target price on Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Piper Sandler raised their price objective on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Mizuho upped their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Wells Fargo & Company lifted their price target on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Finally, Raymond James boosted their price objective on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.85.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.