Federal Realty Investment Trust (NYSE:FRT) Shares Bought by Quarry LP

Quarry LP raised its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 269.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,498 shares of the real estate investment trust’s stock after buying an additional 1,093 shares during the quarter. Quarry LP’s holdings in Federal Realty Investment Trust were worth $151,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FRT. Franklin Resources Inc. lifted its stake in Federal Realty Investment Trust by 4.6% during the fourth quarter. Franklin Resources Inc. now owns 17,304 shares of the real estate investment trust’s stock valued at $1,783,000 after buying an additional 757 shares in the last quarter. Evoke Wealth LLC purchased a new stake in Federal Realty Investment Trust during the fourth quarter valued at about $212,000. Bank of Nova Scotia lifted its stake in Federal Realty Investment Trust by 15.8% during the fourth quarter. Bank of Nova Scotia now owns 5,823 shares of the real estate investment trust’s stock valued at $600,000 after buying an additional 793 shares in the last quarter. KBC Group NV purchased a new stake in Federal Realty Investment Trust during the fourth quarter valued at about $136,000. Finally, CWA Asset Management Group LLC purchased a new stake in Federal Realty Investment Trust during the fourth quarter valued at about $262,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the 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 transaction, the chief executive officer now owns 6,637 shares in the company, valued at $771,020.29. The sale was disclosed in a filing with the SEC, which is available at 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 value of $691,482.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at $771,020.29. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Trading Up 0.5 %

NYSE:FRT opened at $114.95 on Tuesday. The stock’s 50 day moving average price is $113.61 and its 200 day moving average price is $105.67. Federal Realty Investment Trust has a 52 week low of $85.59 and a 52 week high of $118.34. The company has a market capitalization of $9.54 billion, a P/E ratio of 40.91, a P/E/G ratio of 2.16 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.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results 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 net margin of 24.69% and a return on equity of 10.07%. The company had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. During the same quarter last year, the business earned $1.67 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts forecast 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 dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Tuesday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 156.58%.

Analyst Ratings Changes

FRT has been the subject of a number of analyst reports. Raymond James upped 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 note on Friday, August 16th. Piper Sandler upped their target price on Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Mizuho upped their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Compass Point upped their target price on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Evercore ISI upped their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus target price 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.