Morningstar Investment Management LLC Buys New Stake in Federal Realty Investment Trust $FRT

Morningstar Investment Management LLC bought a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) in the second quarter, Holdings Channel reports. The fund bought 5,977 shares of the real estate investment trust’s stock, valued at approximately $568,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hilltop National Bank acquired a new position in Federal Realty Investment Trust in the second quarter valued at approximately $28,000. GKV Capital Management Co. Inc. acquired a new position in Federal Realty Investment Trust in the first quarter valued at approximately $30,000. Federated Hermes Inc. lifted its stake in shares of Federal Realty Investment Trust by 143.9% in 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 period. Dagco Inc. acquired a new position in shares of Federal Realty Investment Trust in the 1st quarter valued at $34,000. Finally, CX Institutional acquired a new position in shares of Federal Realty Investment Trust in the 1st quarter valued at $44,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 27th. Wall Street Zen raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. LADENBURG THALM/SH SH upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research report on Tuesday, September 9th. Barclays upped their price objective on shares of Federal Realty Investment Trust from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Finally, UBS Group reduced their price objective on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.36.

Federal Realty Investment Trust Stock Up 1.5%

FRT stock opened at $96.99 on Tuesday. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 3.86 and a beta of 1.15. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.09. The firm has a 50-day moving average of $98.18 and a two-hundred day moving average of $95.65.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $309.25 million. During the same quarter last year, the firm earned $1.69 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a $1.13 dividend. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.7%. Federal Realty Investment Trust’s dividend payout ratio is 114.43%.

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.