Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,150 shares of the real estate investment trust’s stock after selling 2,743 shares during the period. Nisa Investment Advisors LLC’s holdings in Federal Realty Investment Trust were worth $4,616,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Federal Realty Investment Trust by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock worth $1,300,101,000 after purchasing an additional 193,740 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Federal Realty Investment Trust by 4.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock worth $201,355,000 after buying an additional 90,395 shares during the last quarter. ProShare Advisors LLC grew its stake in Federal Realty Investment Trust by 2.2% during the 2nd quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust’s stock worth $174,883,000 after buying an additional 36,880 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Federal Realty Investment Trust by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust’s stock worth $115,000,000 after buying an additional 8,933 shares during the period. Finally, Westwood Holdings Group Inc. lifted its stake in Federal Realty Investment Trust by 571.1% in the second quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock valued at $64,868,000 after buying an additional 546,711 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Insider Buying and Selling

In other news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the sale, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at $771,020.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the completion of the sale, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FRT shares. Raymond James increased their price objective on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Evercore ISI raised their price target on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Mizuho raised their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, Piper Sandler boosted their price target on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.77.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $110.84 on Friday. Federal Realty Investment Trust has a twelve month low of $88.25 and a twelve month high of $118.34. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57. The firm has a 50-day moving average of $114.07 and a two-hundred day moving average of $107.61. The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 2.16 and a beta of 1.23.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing the consensus estimate 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 net margin of 24.69% and a return on equity of 10.07%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.67 earnings per share. As a group, analysts expect that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.97%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.

About Federal Realty Investment Trust

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.