Yousif Capital Management LLC trimmed its position in shares of Federal Realty Investment Trust (NYSE:FRT – Free Report) by 10.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,489 shares of the real estate investment trust’s stock after selling 9,019 shares during the period. Yousif Capital Management LLC owned 0.09% of Federal Realty Investment Trust worth $7,958,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SJS Investment Consulting Inc. increased its stake in shares of Federal Realty Investment Trust by 72.4% in the first quarter. SJS Investment Consulting Inc. now owns 362 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 152 shares during the period. Root Financial Partners LLC bought a new stake in shares of Federal Realty Investment Trust during the third quarter valued at approximately $40,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Federal Realty Investment Trust by 64.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 370 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 145 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Federal Realty Investment Trust during the first quarter valued at approximately $81,000. Finally, Harbor Investment Advisory LLC acquired a new position in shares of Federal Realty Investment Trust during the second quarter worth approximately $123,000. 93.86% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Nicole Lamb-Hale sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $108.89, for a total transaction of $163,335.00. Following the sale, the director owned 4,613 shares of the company’s stock, valued at $502,309.57. The trade was a 24.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of equities analysts recently issued reports on FRT shares. JPMorgan Chase & Co. increased their price objective on Federal Realty Investment Trust from $124.00 to $129.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Mizuho cut their target price on Federal Realty Investment Trust from $130.00 to $117.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Truist Financial initiated coverage on Federal Realty Investment Trust in a research note on Thursday, October 1st. They set a “hold” rating and a $116.00 target price on the stock. Barclays reduced their price target on Federal Realty Investment Trust from $123.00 to $118.00 and set an “equal weight” rating for the company in a research report on Monday, September 28th. Finally, UBS Group decreased their price target on Federal Realty Investment Trust from $127.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of $124.62.
Check Out Our Latest Analysis on Federal Realty Investment Trust
Federal Realty Investment Trust Stock Down 0.1%
Federal Realty Investment Trust stock opened at $108.76 on Friday. The stock has a market cap of $9.40 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.72 and a beta of 0.93. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.46. The company’s 50-day moving average price is $111.76 and its two-hundred day moving average price is $116.31. Federal Realty Investment Trust has a 52 week low of $90.03 and a 52 week high of $128.21.
Federal Realty Investment Trust (NYSE:FRT – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.88). The company had revenue of $335.71 million for the quarter, compared to the consensus estimate of $331.92 million. Federal Realty Investment Trust had a return on equity of 13.65% and a net margin of 32.67%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 earnings per share. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. On average, analysts expect that Federal Realty Investment Trust will post 7.54 EPS for the current fiscal year.
Federal Realty Investment Trust Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.13. This represents a $4.64 annualized dividend and a yield of 4.3%. Federal Realty Investment Trust’s dividend payout ratio is presently 93.74%.
Federal Realty Investment Trust Company Profile
Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates and redevelops high-quality retail and mixed-use properties. Its portfolio includes shopping centers, street retail, and mixed-use developments that combine retail, residential, office and hospitality uses.
The company focuses on densely populated, affluent communities and prominent locations in major metropolitan markets. Its properties are concentrated in regions including the Northeast, Mid-Atlantic, California and South Florida, and are leased to a broad range of retailers, restaurants, service providers and other commercial tenants.
Founded in 1962, Federal Realty has developed and managed properties designed to serve both local communities and national retailers.
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