AlphaQuest LLC Sells 12,275 Shares of Federal Realty Investment Trust $FRT

AlphaQuest LLC decreased its stake in Federal Realty Investment Trust (NYSE:FRT) by 47.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,444 shares of the real estate investment trust’s stock after selling 12,275 shares during the period. AlphaQuest LLC’s holdings in Federal Realty Investment Trust were worth $1,277,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Federal Realty Investment Trust by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,302,823 shares of the real estate investment trust’s stock worth $127,442,000 after purchasing an additional 17,634 shares during the last quarter. Northern Trust Corp grew its holdings in Federal Realty Investment Trust by 3.6% during the first quarter. Northern Trust Corp now owns 1,279,688 shares of the real estate investment trust’s stock valued at $125,179,000 after purchasing an additional 44,935 shares during the period. PGGM Investments increased its position in Federal Realty Investment Trust by 23.7% in the second quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust’s stock worth $118,295,000 after buying an additional 238,679 shares during the last quarter. Centersquare Investment Management LLC raised its stake in shares of Federal Realty Investment Trust by 16.2% in the first quarter. Centersquare Investment Management LLC now owns 1,211,041 shares of the real estate investment trust’s stock valued at $118,464,000 after buying an additional 169,025 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Federal Realty Investment Trust by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,169,217 shares of the real estate investment trust’s stock valued at $114,370,000 after buying an additional 3,419 shares during the last quarter. 93.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FRT has been the subject of several recent research reports. Wells Fargo & Company assumed coverage on Federal Realty Investment Trust in a report on Tuesday, October 21st. They issued an “overweight” rating and a $113.00 price objective for the company. Evercore ISI reduced their target price on shares of Federal Realty Investment Trust from $107.00 to $106.00 and set an “in-line” rating for the company in a research note on Friday, October 17th. Barclays boosted their price target on shares of Federal Realty Investment Trust from $112.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Federal Realty Investment Trust in a report on Saturday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of $109.29.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $101.39 on Friday. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year 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 firm has a market capitalization of $8.75 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 4.01 and a beta of 1.15. The firm’s 50 day simple moving average is $99.35 and its 200 day simple moving average is $96.15.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. During the same quarter last year, the business posted $1.69 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 4.5%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 114.43%.

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.