Investnet Asset Management Inc. grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT – Get Rating) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,560 shares of the real estate investment trust’s stock after acquiring an additional 1,724 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Federal Realty Investment Trust were worth $3,836,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Federal Realty Investment Trust during the third quarter worth approximately $27,000. Brown Brothers Harriman & Co. increased its stake in shares of Federal Realty Investment Trust by 237.0% in the first quarter. Brown Brothers Harriman & Co. now owns 337 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 237 shares during the period. SeaCrest Wealth Management LLC purchased a new position in shares of Federal Realty Investment Trust in the second quarter worth $46,000. Wipfli Financial Advisors LLC purchased a new position in shares of Federal Realty Investment Trust in the third quarter worth $49,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Federal Realty Investment Trust by 44.1% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 572 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 175 shares during the period. 86.20% of the stock is owned by hedge funds and other institutional investors.
Federal Realty Investment Trust Trading Up 1.0 %
Federal Realty Investment Trust stock opened at $107.25 on Monday. The firm has a 50 day moving average of $107.60 and a 200 day moving average of $103.33. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 2.60 and a beta of 1.20. Federal Realty Investment Trust has a 12-month low of $86.43 and a 12-month high of $128.13. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.53.
Federal Realty Investment Trust (NYSE:FRT – Get Rating) last released its earnings results on Wednesday, February 8th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.17). The firm had revenue of $279.80 million during the quarter, compared to analysts’ expectations of $277.24 million. Federal Realty Investment Trust had a return on equity of 14.06% and a net margin of 35.88%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 earnings per share. As a group, research analysts predict that Federal Realty Investment Trust will post 6.49 earnings per share for the current year.
Federal Realty Investment Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Monday, March 13th will be paid a $1.08 dividend. The ex-dividend date is Friday, March 10th. This represents a $4.32 annualized dividend and a yield of 4.03%. Federal Realty Investment Trust’s payout ratio is 92.51%.
Insiders Place Their Bets
In other Federal Realty Investment Trust news, CFO Daniel Guglielmone sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $110.69, for a total value of $276,725.00. Following the completion of the transaction, the chief financial officer now directly owns 50,782 shares in the company, valued at approximately $5,621,059.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Donald C. Wood sold 10,000 shares of the stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $111.24, for a total transaction of $1,112,400.00. Following the completion of the transaction, the chief executive officer now directly owns 200,710 shares in the company, valued at approximately $22,326,980.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, CFO Daniel Guglielmone sold 2,500 shares of the stock in a transaction on Monday, February 13th. The shares were sold at an average price of $110.69, for a total value of $276,725.00. Following the sale, the chief financial officer now owns 50,782 shares in the company, valued at approximately $5,621,059.58. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
FRT has been the topic of several analyst reports. Mizuho decreased their target price on shares of Federal Realty Investment Trust from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, March 1st. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Compass Point upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a report on Monday, January 30th. Credit Suisse Group lifted their price target on shares of Federal Realty Investment Trust from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, February 9th. Finally, Barclays cut their price target on shares of Federal Realty Investment Trust from $129.00 to $127.00 and set an “overweight” rating on the stock in a report on Wednesday, February 15th. Eight equity research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $117.00.
About Federal Realty Investment Trust
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Federal Realty Investment Trust is an equity real estate investment trust. It engages in ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities exceeding demand supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.
Further Reading
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