MQS Management LLC Purchases Shares of 8,235 Federal Realty Investment Trust (NYSE:FRT)

MQS Management LLC acquired a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,235 shares of the real estate investment trust’s stock, valued at approximately $831,000. Federal Realty Investment Trust comprises about 0.5% of MQS Management LLC’s holdings, making the stock its 23rd biggest holding.

Other large investors have also recently modified their holdings of the company. Heitman Real Estate Securities LLC increased its stake in Federal Realty Investment Trust by 1,553.3% in the 4th quarter. Heitman Real Estate Securities LLC now owns 207,700 shares of the real estate investment trust’s stock worth $21,403,000 after purchasing an additional 195,137 shares during the period. Vanguard Group Inc. increased its stake in shares of Federal Realty Investment Trust by 1.5% in the first quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock worth $1,300,101,000 after buying an additional 193,740 shares during the period. Mizuho Markets Americas LLC raised its holdings in Federal Realty Investment Trust by 311.0% during the 1st quarter. Mizuho Markets Americas LLC now owns 212,129 shares of the real estate investment trust’s stock valued at $21,663,000 after buying an additional 160,519 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its position in Federal Realty Investment Trust by 182.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 176,040 shares of the real estate investment trust’s stock valued at $18,141,000 after buying an additional 113,783 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Federal Realty Investment Trust by 29.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 407,585 shares of the real estate investment trust’s stock worth $42,002,000 after acquiring an additional 93,048 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on FRT shares. Truist Financial raised their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Wells Fargo & Company boosted their target price on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Raymond James upped their target price on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Mizuho lifted their price target 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. Finally, Piper Sandler upped 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. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of $122.85.

Insider Transactions at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust 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 transaction, 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. Company insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $115.49 on Thursday. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $118.34. The company has a market capitalization of $9.58 billion, a P/E ratio of 41.10, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. The firm has a 50 day moving average of $112.72 and a 200 day moving average of $105.03. 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 (NYSE:FRT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.36). Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The business had revenue of $295.80 million during the quarter, compared to the consensus estimate of $293.61 million. During the same quarter in the previous year, the business posted $1.67 earnings per share. Federal Realty Investment Trust’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

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

Federal Realty Investment Trust Company Profile

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.