Vanguard Personalized Indexing Management LLC Boosts Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Vanguard Personalized Indexing Management LLC boosted its stake in Federal Realty Investment Trust (NYSE:FRT) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,301 shares of the real estate investment trust’s stock after purchasing an additional 143 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Federal Realty Investment Trust were worth $535,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Edgestream Partners L.P. purchased a new stake in shares of Federal Realty Investment Trust during the 2nd quarter worth approximately $1,981,000. Dimensional Fund Advisors LP lifted its position in Federal Realty Investment Trust by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust’s stock valued at $115,000,000 after purchasing an additional 8,933 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Federal Realty Investment Trust by 4.7% in 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 in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Federal Realty Investment Trust by 9.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 77,126 shares of the real estate investment trust’s stock worth $7,787,000 after buying an additional 6,654 shares during the last quarter. Finally, Morningstar Investment Management LLC raised its position in shares of Federal Realty Investment Trust by 12.6% during the 2nd quarter. Morningstar Investment Management LLC now owns 3,677 shares of the real estate investment trust’s stock valued at $371,000 after buying an additional 412 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

FRT has been the subject of several recent research reports. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Scotiabank lifted their target price on Federal Realty Investment Trust from $112.00 to $120.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Wells Fargo & Company increased their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Raymond James lifted 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 research note on Friday, August 16th. Finally, Evercore ISI increased their target price 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. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $122.85.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $113.63 on Friday. The firm’s 50 day simple moving average is $113.51 and its 200-day simple moving average is $105.52. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.74 and a current ratio of 1.74. Federal Realty Investment Trust has a one year low of $85.59 and a one year high of $118.34. The firm has a market cap of $9.43 billion, a PE ratio of 40.44, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data 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). Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The firm had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $293.61 million. During the same quarter in the previous year, the business earned $1.67 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.87%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date is Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 156.58%.

Insider Buying and Selling at Federal Realty Investment Trust

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

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.