Federal Realty Investment Trust $FRT Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lessened its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 144,041 shares of the real estate investment trust’s stock after selling 7,576 shares during the quarter. Asset Management One Co. Ltd. owned about 0.17% of Federal Realty Investment Trust worth $13,682,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hilltop National Bank bought a new stake in Federal Realty Investment Trust during the second quarter worth approximately $28,000. GKV Capital Management Co. Inc. acquired a new position in shares of Federal Realty Investment Trust in the first quarter worth $30,000. Federated Hermes Inc. increased its stake in shares of Federal Realty Investment Trust by 143.9% in the first 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 last quarter. Dagco Inc. acquired a new position in shares of Federal Realty Investment Trust in the first quarter worth $34,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Federal Realty Investment Trust in the second quarter worth $48,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Stock Performance

NYSE:FRT opened at $101.39 on Monday. The firm’s 50-day moving average is $99.35 and its 200-day moving average is $96.19. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.09. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 4.01 and a beta of 1.15.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data 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. The company had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.69 EPS. Equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were paid a dividend of $1.13 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, October 1st. Federal Realty Investment Trust’s payout ratio is currently 114.43%.

Analyst Ratings Changes

A number of research firms have recently weighed in on FRT. Barclays upped their price target on shares of Federal Realty Investment Trust from $112.00 to $113.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. lifted their price objective on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Scotiabank lifted their price objective on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, LADENBURG THALM/SH SH raised shares of Federal Realty Investment Trust to a “strong-buy” rating in a research note on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.29.

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.