Federal Realty Investment Trust (NYSE:FRT) Shares Bought by NBC Securities Inc.

NBC Securities Inc. increased its holdings in Federal Realty Investment Trust (NYSE:FRT) by 81.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 238 shares of the real estate investment trust’s stock after acquiring an additional 107 shares during the quarter. NBC Securities Inc.’s holdings in Federal Realty Investment Trust were worth $27,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Family Firm Inc. acquired a new position in Federal Realty Investment Trust during the 2nd quarter worth $33,000. Blue Trust Inc. lifted its position in shares of Federal Realty Investment Trust by 885.7% during the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 310 shares during the last quarter. Rothschild Investment LLC acquired a new position in Federal Realty Investment Trust in the second quarter worth about $42,000. Northwest Investment Counselors LLC bought a new stake in Federal Realty Investment Trust in the first quarter valued at about $51,000. Finally, EverSource Wealth Advisors LLC raised its stake in Federal Realty Investment Trust by 86.9% during the first quarter. EverSource Wealth Advisors LLC now owns 542 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $113.21 on Tuesday. Federal Realty Investment Trust has a 12-month low of $85.59 and a 12-month 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 firm has a market capitalization of $9.39 billion, a price-to-earnings ratio of 40.29, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The business has a 50 day simple moving average of $113.96 and a 200 day simple moving average of $107.01.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). The company had revenue of $295.80 million for the quarter, compared to the consensus estimate of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. Federal Realty Investment Trust’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.67 earnings per share. On average, equities research analysts anticipate that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a $1.10 dividend. The ex-dividend date was 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 dividend yield of 3.89%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 156.58%.

Analyst Upgrades and Downgrades

FRT has been the subject of several research reports. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Evercore ISI boosted their target price 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. Wells Fargo & Company raised their price target on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Scotiabank lowered their price objective on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a research report on Friday, October 11th. Finally, Compass Point raised their target price on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.77.

Insider Activity at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the company’s 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Federal Realty Investment Trust 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 value of $3,519,021.64. Following the transaction, the chief executive officer now owns 6,637 shares in the company, valued at approximately $771,020.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. Company 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.