Creative Planning Purchases 1,230 Shares of Federal Realty Investment Trust (NYSE:FRT)

Creative Planning grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 18.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,784 shares of the real estate investment trust’s stock after acquiring an additional 1,230 shares during the quarter. Creative Planning’s holdings in Federal Realty Investment Trust were worth $895,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC increased its holdings in shares of Federal Realty Investment Trust by 133.3% during the first quarter. SG Americas Securities LLC now owns 45,035 shares of the real estate investment trust’s stock valued at $4,599,000 after acquiring an additional 25,730 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Federal Realty Investment Trust by 6.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 309,103 shares of the real estate investment trust’s stock valued at $31,567,000 after acquiring an additional 19,453 shares in the last quarter. Vident Advisory LLC increased its holdings in shares of Federal Realty Investment Trust by 107.9% during the first quarter. Vident Advisory LLC now owns 46,501 shares of the real estate investment trust’s stock valued at $4,749,000 after acquiring an additional 24,134 shares in the last quarter. Entropy Technologies LP purchased a new stake in Federal Realty Investment Trust in the first quarter valued at approximately $602,000. Finally, Gateway Investment Advisers LLC purchased a new stake in Federal Realty Investment Trust in the second quarter valued at approximately $5,865,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at approximately $771,020.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at approximately $771,020.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction dated 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. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FRT. Scotiabank dropped their target price on Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a research report on Friday, October 11th. Mizuho upped their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. upped their target price on Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Piper Sandler upped their target price on Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Truist Financial upped their target price on 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. Two research 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, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus target price of $122.77.

Federal Realty Investment Trust Trading Down 0.4 %

Shares of NYSE:FRT opened at $110.43 on Friday. Federal Realty Investment Trust has a 1 year low of $90.70 and a 1 year high of $118.34. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 2.16 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. The business’s 50 day moving average price is $114.00 and its 200-day moving average price is $107.63.

Federal Realty Investment Trust (NYSE:FRT) last posted 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 24.67% and a return on equity of 10.14%. The firm had revenue of $295.80 million during the quarter, compared to analyst estimates of $293.61 million. During the same period in the prior year, the company posted $1.67 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.

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.