Sei Investments Co. Sells 24,820 Shares of Federal Realty Investment Trust (NYSE:FRT)

Sei Investments Co. reduced its stake in Federal Realty Investment Trust (NYSE:FRT) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 323,499 shares of the real estate investment trust’s stock after selling 24,820 shares during the period. Sei Investments Co. owned 0.39% of Federal Realty Investment Trust worth $32,664,000 at the end of the most recent quarter.

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

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $114.66 on Tuesday. 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 market cap of $9.51 billion, a price-to-earnings ratio of 40.80, a P/E/G ratio of 2.20 and a beta of 1.24. Federal Realty Investment Trust has a 52 week low of $85.59 and a 52 week high of $118.34. The firm’s 50-day simple moving average is $113.20 and its 200 day simple moving average is $105.31.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (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 company had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. During the same period last year, the company posted $1.67 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The company 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 dividend of $1.10 per share. This is an increase 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%. The ex-dividend date of this dividend is Tuesday, October 1st. Federal Realty Investment Trust’s payout ratio is currently 156.58%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FRT. Scotiabank upped their price target on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a report on Monday, August 26th. Truist Financial increased their target price 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. Raymond James boosted their price target 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. JPMorgan Chase & Co. increased their price objective on Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Finally, Compass Point boosted their target price on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average price target of $122.85.

Insiders Place Their Bets

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

Federal Realty Investment Trust 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.