Exchange Traded Concepts LLC Buys 601 Shares of Federal Realty Investment Trust (NYSE:FRT)

Exchange Traded Concepts LLC raised its stake in Federal Realty Investment Trust (NYSE:FRT) by 44.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,967 shares of the real estate investment trust’s stock after acquiring an additional 601 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Federal Realty Investment Trust were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of FRT. Family Firm Inc. bought a new position in Federal Realty Investment Trust during the second quarter valued at $33,000. Blue Trust Inc. increased its position in shares of Federal Realty Investment Trust by 885.7% during the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 310 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Federal Realty Investment Trust during the second quarter worth approximately $42,000. Northwest Investment Counselors LLC bought a new stake in shares of Federal Realty Investment Trust in the 1st quarter valued at about $51,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Federal Realty Investment Trust by 86.9% during the 1st 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 during the last quarter. 93.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Donald C. Wood sold 5,937 shares of the business’s 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction on 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 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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Evercore ISI raised 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 report on Monday, September 16th. Truist Financial lifted their target price 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. Raymond James upped their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Compass Point raised their price target on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company upped their price objective on 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. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $122.77.

Federal Realty Investment Trust Stock Down 1.0 %

Shares of FRT stock opened at $113.21 on Tuesday. The stock’s fifty day moving average price is $113.96 and its 200 day moving average price is $107.01. Federal Realty Investment Trust has a 1-year low of $85.59 and a 1-year high of $118.34. The company has a market cap 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 company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74.

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 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 during the quarter, compared to analysts’ expectations of $293.61 million. During the same period in the previous year, the business earned $1.67 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research 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 announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 dividend on an annualized basis and a yield of 3.89%. 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.