Vanderbilt University Increases Holdings in Federal Realty Investment Trust $FRT

Vanderbilt University boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,442 shares of the real estate investment trust’s stock after purchasing an additional 441 shares during the period. Vanderbilt University’s holdings in Federal Realty Investment Trust were worth $1,087,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FRT. Versant Capital Management Inc grew its holdings in shares of Federal Realty Investment Trust by 82.3% during the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 130 shares during the period. Hilltop National Bank purchased a new position in shares of Federal Realty Investment Trust during the 2nd quarter worth approximately $28,000. GKV Capital Management Co. Inc. purchased a new position in shares of Federal Realty Investment Trust during the 1st quarter worth approximately $30,000. Federated Hermes Inc. grew its holdings in shares of 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 worth $33,000 after acquiring an additional 200 shares during the period. Finally, Dagco Inc. purchased a new position in shares of Federal Realty Investment Trust during the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.7%

Shares of FRT stock opened at $98.97 on Friday. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.09. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. The stock’s 50-day moving average price is $97.51 and its 200-day moving average price is $95.65. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 3.80 and a beta of 1.15.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The firm had revenue of $302.48 million for the quarter, compared to analysts’ expectations of $309.25 million. During the same period in the previous year, the firm posted $1.69 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.6%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 114.43%.

Analyst Ratings Changes

A number of research firms have weighed in on FRT. LADENBURG THALM/SH SH upgraded Federal Realty Investment Trust to a “strong-buy” rating in a report on Tuesday, September 9th. Mizuho upped their price target on Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. Wells Fargo & Company upped their price target on 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. Scotiabank upped their price target on 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. Finally, Evercore ISI downgraded Federal Realty Investment Trust from an “outperform” rating to an “in-line” rating and upped their price target for the stock from $106.00 to $107.00 in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.31.

Federal Realty Investment Trust Company Profile

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.