Westwood Holdings Group Inc. Grows Position in Federal Realty Investment Trust (NYSE:FRT)

Westwood Holdings Group Inc. grew its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 571.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 642,446 shares of the real estate investment trust’s stock after purchasing an additional 546,711 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.77% of Federal Realty Investment Trust worth $64,868,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in shares of Federal Realty Investment Trust by 4.9% during the 2nd quarter. Pacer Advisors Inc. now owns 5,222 shares of the real estate investment trust’s stock worth $527,000 after acquiring an additional 244 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Federal Realty Investment Trust by 2,190.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,153 shares of the real estate investment trust’s stock valued at $520,000 after acquiring an additional 4,928 shares during the period. MQS Management LLC acquired a new stake in Federal Realty Investment Trust in the 2nd quarter valued at $831,000. Lokken Investment Group LLC purchased a new stake in Federal Realty Investment Trust in the 2nd quarter worth $893,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in Federal Realty Investment Trust by 2.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock worth $535,000 after acquiring an additional 143 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Raymond James boosted their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Truist Financial boosted their price objective on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Evercore ISI raised their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Mizuho lifted their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.85.

Insiders Place Their Bets

In other news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the transaction, the chief executive officer now owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Federal Realty Investment Trust Stock Down 1.0 %

FRT stock opened at $113.03 on Friday. The firm has a market cap of $9.38 billion, a PE ratio of 40.22, a PEG ratio of 2.20 and a beta of 1.24. Federal Realty Investment Trust has a one year low of $85.59 and a one year high of $118.34. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.74 and a current ratio of 1.74. The firm’s 50 day moving average price is $113.04 and its 200-day moving average price is $105.17.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). The business had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 earnings per share. On average, equities research analysts anticipate that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a $1.10 dividend. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date is Tuesday, October 1st. This represents a $4.40 dividend on an annualized basis and a yield of 3.89%. Federal Realty Investment Trust’s payout ratio is presently 156.58%.

Federal Realty Investment Trust Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.