Blair William & Co. IL Purchases New Holdings in Federal Realty Investment Trust $FRT

Blair William & Co. IL purchased a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,733 shares of the real estate investment trust’s stock, valued at approximately $355,000.

Several other hedge funds also recently added to or reduced their stakes in FRT. Hilltop National Bank bought a new position in Federal Realty Investment Trust during the 2nd quarter valued at about $28,000. GKV Capital Management Co. Inc. bought a new position in Federal Realty Investment Trust during the 1st quarter valued at about $30,000. Federated Hermes Inc. grew its holdings in Federal Realty Investment Trust by 143.9% during the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Dagco Inc. bought a new position in Federal Realty Investment Trust during the 1st quarter valued at about $34,000. Finally, Quarry LP bought a new position in Federal Realty Investment Trust during the 1st quarter valued at about $74,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Trading Up 1.0%

NYSE:FRT opened at $99.03 on Friday. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.09. The firm has a 50 day moving average of $98.62 and a 200 day moving average of $95.70. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 3.95 and a beta of 1.15.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.18. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The company had revenue of $302.48 million during the quarter, compared to analysts’ expectations of $309.25 million. During the same quarter in the prior year, the company posted $1.69 earnings per share. Federal Realty Investment Trust’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 dividend on an annualized basis and a yield of 4.6%. Federal Realty Investment Trust’s dividend payout ratio is currently 114.43%.

Analysts Set New Price Targets

Several equities analysts recently commented on FRT shares. Mizuho upped their price target on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Scotiabank upped their target price on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Wall Street Zen upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Wells Fargo & Company upped their target price on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Finally, Evercore ISI dropped their target price on shares of Federal Realty Investment Trust from $107.00 to $106.00 and set an “in-line” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $109.50.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.