Dimensional Fund Advisors LP Boosts Holdings in Federal Realty Investment Trust (NYSE:FRT)

Dimensional Fund Advisors LP grew its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,138,967 shares of the real estate investment trust’s stock after purchasing an additional 8,933 shares during the period. Dimensional Fund Advisors LP owned 1.37% of Federal Realty Investment Trust worth $115,000,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Family Firm Inc. acquired a new stake in shares of Federal Realty Investment Trust in the second quarter worth approximately $33,000. Blue Trust Inc. boosted its position in shares of Federal Realty Investment Trust by 885.7% in the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 310 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of Federal Realty Investment Trust in the second quarter worth approximately $42,000. Quarry LP acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth approximately $50,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth approximately $51,000. 93.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. 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 research report on Monday, August 19th. Evercore ISI lifted their price objective on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Scotiabank lifted their price objective on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a research note 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 research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.85.

Insiders Place Their Bets

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Donald C. Wood sold 5,937 shares of the business’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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $114.66 on Tuesday. Federal Realty Investment Trust has a 1 year low of $85.59 and a 1 year high of $118.34. The company has a market cap of $9.51 billion, a price-to-earnings ratio of 40.80, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a fifty day moving average of $113.20 and a 200-day moving average of $105.31.

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 company had revenue of $295.80 million during the quarter, compared to analyst estimates of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 EPS. As a group, equities analysts anticipate that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, October 1st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 annualized dividend and a yield of 3.84%. Federal Realty Investment Trust’s payout ratio is 156.58%.

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.