Sanctuary Advisors LLC Purchases New Position in Federal Realty Investment Trust (NYSE:FRT)

Sanctuary Advisors LLC purchased a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,232 shares of the real estate investment trust’s stock, valued at approximately $228,000.

A number of other institutional investors also recently modified their holdings of FRT. SG Americas Securities LLC boosted its holdings in Federal Realty Investment Trust by 133.3% in the 1st quarter. SG Americas Securities LLC now owns 45,035 shares of the real estate investment trust’s stock valued at $4,599,000 after purchasing an additional 25,730 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Federal Realty Investment Trust by 6.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 309,103 shares of the real estate investment trust’s stock valued at $31,567,000 after purchasing an additional 19,453 shares during the period. Vident Advisory LLC boosted its holdings in Federal Realty Investment Trust by 107.9% in the 1st quarter. Vident Advisory LLC now owns 46,501 shares of the real estate investment trust’s stock valued at $4,749,000 after purchasing an additional 24,134 shares during the period. Entropy Technologies LP bought a new position in Federal Realty Investment Trust in the 1st quarter valued at $602,000. Finally, Gateway Investment Advisers LLC bought a new position in Federal Realty Investment Trust in the 2nd quarter valued at $5,865,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Evercore ISI raised 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. Truist Financial lifted their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. lifted their price objective on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $120.00 to $135.00 in a report on Friday, September 13th. Finally, Wells Fargo & Company lifted their price objective on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.77.

Insider Buying and Selling

In related news, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction dated 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 owns 6,637 shares of the company’s stock, valued at $771,020.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, 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 value of $691,482.39. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Donald C. Wood sold 30,292 shares of the company’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 owns 6,637 shares in the company, valued at approximately $771,020.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $114.34 on Friday. Federal Realty Investment Trust has a 1 year low of $85.59 and a 1 year high of $118.34. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74. The company’s 50-day moving average is $113.93 and its 200 day moving average is $106.86. The stock has a market capitalization of $9.48 billion, a P/E ratio of 40.69, a P/E/G ratio of 2.11 and a beta of 1.23.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $293.61 million. During the same quarter in the prior year, the firm earned $1.67 EPS. Federal Realty Investment Trust’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $4.40 annualized dividend and a yield of 3.85%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s payout ratio is presently 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.