Czech National Bank Acquires 1,099 Shares of Federal Realty Investment Trust (NYSE:FRT)

Czech National Bank grew its holdings in Federal Realty Investment Trust (NYSE:FRT) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,325 shares of the real estate investment trust’s stock after acquiring an additional 1,099 shares during the period. Czech National Bank’s holdings in Federal Realty Investment Trust were worth $1,762,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Westwood Holdings Group Inc. raised its position in shares of Federal Realty Investment Trust by 571.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock valued at $64,868,000 after purchasing an additional 546,711 shares during the period. Millennium Management LLC raised its position in shares of Federal Realty Investment Trust by 304.0% during the 2nd quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock valued at $41,963,000 after purchasing an additional 312,726 shares during the period. Heitman Real Estate Securities LLC raised its position in shares of Federal Realty Investment Trust by 1,553.3% during the 4th quarter. Heitman Real Estate Securities LLC now owns 207,700 shares of the real estate investment trust’s stock valued at $21,403,000 after purchasing an additional 195,137 shares during the period. Vanguard Group Inc. raised its position 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 valued at $1,300,101,000 after purchasing an additional 193,740 shares during the period. Finally, Mizuho Markets Americas LLC raised its position in shares of Federal Realty Investment Trust by 311.0% during the 1st quarter. Mizuho Markets Americas LLC now owns 212,129 shares of the real estate investment trust’s stock valued at $21,663,000 after purchasing an additional 160,519 shares during the period. 93.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust 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 completion of the sale, the chief executive officer now owns 6,637 shares in the company, valued at $771,020.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, 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 dated Monday, September 9th. The shares were 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 corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FRT. Truist Financial raised their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Piper Sandler lifted their price target on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Raymond James lifted 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. JPMorgan Chase & Co. lifted their price target on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Finally, Scotiabank lifted their price target on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a report on Monday, August 26th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.85.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $110.24 on Tuesday. Federal Realty Investment Trust has a 52 week low of $85.59 and a 52 week high of $118.34. The stock has a market capitalization of $9.14 billion, a P/E ratio of 39.23, a PEG ratio of 2.16 and a beta of 1.23. The firm has a fifty day simple moving average of $113.96 and a two-hundred day simple moving average of $106.17. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results 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 return on equity of 10.07% and a net margin of 24.69%. The firm had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $293.61 million. During the same period in the prior year, the firm posted $1.67 earnings per share. Federal Realty Investment Trust’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, October 1st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.99%. Federal Realty Investment Trust’s payout ratio 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.