Hsbc Holdings PLC Has $20.32 Million Holdings in Federal Realty Investment Trust (NYSE:FRT)

Hsbc Holdings PLC decreased its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 37.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 201,625 shares of the real estate investment trust’s stock after selling 122,706 shares during the quarter. Hsbc Holdings PLC owned about 0.24% of Federal Realty Investment Trust worth $20,318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Family Firm Inc. bought a new position in Federal Realty Investment Trust during the second quarter worth $33,000. Blue Trust Inc. boosted its position in shares of Federal Realty Investment Trust by 885.7% during the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 310 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Federal Realty Investment Trust during the 2nd quarter worth about $42,000. Quarry LP acquired a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at about $50,000. Finally, Richardson Financial Services Inc. bought a new stake in Federal Realty Investment Trust in the 4th quarter valued at about $51,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $113.03 on Friday. The company has a market capitalization of $9.38 billion, a PE ratio of 40.22, a PEG ratio of 2.20 and a beta of 1.24. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57. The stock’s 50 day moving average price is $113.04 and its 200-day moving average price is $105.20. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data 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 analysts’ expectations of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 EPS. On average, equities analysts anticipate that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a $1.10 dividend. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date is Tuesday, October 1st. This represents a $4.40 annualized dividend and a yield of 3.89%. Federal Realty Investment Trust’s payout ratio is currently 156.58%.

Insider Activity

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. Truist Financial increased their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $120.00 to $135.00 in a research report on Friday, September 13th. Scotiabank upped their price objective on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Piper Sandler lifted their price objective on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus price target of $122.85.

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.