Allspring Global Investments Holdings LLC Sells 1,509 Shares of Federal Realty Investment Trust (NYSE:FRT)

Allspring Global Investments Holdings LLC decreased its holdings in Federal Realty Investment Trust (NYSE:FRT) by 12.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,581 shares of the real estate investment trust’s stock after selling 1,509 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Federal Realty Investment Trust were worth $1,216,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock worth $1,300,101,000 after acquiring an additional 193,740 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Federal Realty Investment Trust by 4.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock valued at $201,355,000 after buying an additional 90,395 shares during the period. ProShare Advisors LLC grew its stake in Federal Realty Investment Trust by 2.2% in the 2nd quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust’s stock worth $174,883,000 after acquiring an additional 36,880 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Federal Realty Investment Trust by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust’s stock valued at $115,000,000 after purchasing an additional 8,933 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in Federal Realty Investment Trust by 571.1% in the second quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock valued at $64,868,000 after acquiring an additional 546,711 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $110.84 on Friday. The firm’s 50 day simple moving average is $114.07 and its 200 day simple moving average is $107.61. 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 has a market capitalization of $9.19 billion, a price-to-earnings ratio of 32.22, a P/E/G ratio of 2.16 and a beta of 1.23. Federal Realty Investment Trust has a fifty-two week low of $88.25 and a fifty-two week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $295.80 million during the quarter, compared to the consensus estimate of $293.61 million. During the same period last year, the business earned $1.67 EPS. The business’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $1.10 per share. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 annualized dividend and a dividend yield of 3.97%. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Insider Activity

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 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 is available at this link. In related news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly 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 disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Evercore ISI increased their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Scotiabank cut their target price on Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a research note on Friday, October 11th. Wells Fargo & Company boosted their price target on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Truist Financial boosted their price objective on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lifted their price target 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. Two 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.77.

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.