Point72 Asset Management L.P. Takes Position in Federal Realty Investment Trust (NYSE:FRT)

Point72 Asset Management L.P. acquired a new stake in Federal Realty Investment Trust (NYSE:FRT) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,005 shares of the real estate investment trust’s stock, valued at approximately $303,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Family Firm Inc. bought a new position in shares of Federal Realty Investment Trust during the 2nd quarter valued at $33,000. Blue Trust Inc. lifted its holdings 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 valued at $35,000 after buying an additional 310 shares during the period. Rothschild Investment LLC bought a new position in shares of Federal Realty Investment Trust during the 2nd quarter valued at $42,000. Quarry LP purchased a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth $50,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth $51,000. 93.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FRT has been the subject of several analyst reports. Piper Sandler upped their price objective on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $120.00 to $135.00 in a report on Friday, September 13th. Compass Point increased their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Raymond James increased their price target on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, Evercore ISI increased their price target on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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 firm’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $3,519,021.64. Following the transaction, the chief executive officer now owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $111.35 on Friday. The firm has a market cap of $9.24 billion, a P/E ratio of 39.63, a P/E/G ratio of 2.16 and a beta of 1.23. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57. Federal Realty Investment Trust has a 12 month low of $85.59 and a 12 month high of $118.34. The stock’s fifty day moving average price is $113.97 and its 200-day moving average price is $106.08.

Federal Realty Investment Trust (NYSE:FRT) last posted 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 net margin of 24.69% and a return on equity of 10.07%. The company had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $293.61 million. During the same quarter last year, the firm earned $1.67 EPS. Federal Realty Investment Trust’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal 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 issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.95%. 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 currently 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.