Edgestream Partners L.P. Invests $1.98 Million in Federal Realty Investment Trust (NYSE:FRT)

Edgestream Partners L.P. purchased a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,621 shares of the real estate investment trust’s stock, valued at approximately $1,981,000.

A number of other institutional investors have also added to or reduced their stakes in FRT. Vanguard Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 1.5% in 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 buying an additional 193,740 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in 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 worth $201,355,000 after acquiring an additional 90,395 shares during the period. Dimensional Fund Advisors LP boosted its position in Federal Realty Investment Trust by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust’s stock worth $115,000,000 after purchasing an additional 8,933 shares during the last quarter. Vest Financial LLC grew its stake in Federal Realty Investment Trust by 19.1% in the 2nd quarter. Vest Financial LLC now owns 430,051 shares of the real estate investment trust’s stock valued at $43,422,000 after purchasing an additional 69,059 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Federal Realty Investment Trust by 29.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 407,585 shares of the real estate investment trust’s stock valued at $42,002,000 after purchasing an additional 93,048 shares during the last quarter. 93.86% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction 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 owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FRT has been the subject of several research reports. Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $120.00 to $135.00 in a research report on Friday, September 13th. 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 note on Wednesday, August 28th. Scotiabank upped their price objective on Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. raised their target price on Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, Raymond James upped their price target on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.85.

Federal Realty Investment Trust Trading Down 1.1 %

Shares of Federal Realty Investment Trust stock opened at $114.22 on Friday. The company’s 50-day moving average price is $112.90 and its 200-day moving average price is $105.09. The company has a market cap of $9.47 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 2.20 and a beta of 1.24. Federal Realty Investment Trust has a 12-month low of $85.59 and a 12-month high of $118.34. 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 (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). The firm had revenue of $295.80 million during 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%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 earnings per share. On average, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $1.10 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $4.40 annualized dividend and a dividend yield of 3.85%. 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.