Envestnet Asset Management Inc. Increases Position in Federal Realty Investment Trust (NYSE:FRT)

Envestnet Asset Management Inc. lifted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 9.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,126 shares of the real estate investment trust’s stock after buying an additional 6,654 shares during the period. Envestnet Asset Management Inc. owned approximately 0.09% of Federal Realty Investment Trust worth $7,787,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morningstar Investment Management LLC raised its holdings in shares of Federal Realty Investment Trust by 12.6% in the 2nd quarter. Morningstar Investment Management LLC now owns 3,677 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 412 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Federal Realty Investment Trust by 1,242.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 25,862 shares of the real estate investment trust’s stock worth $2,606,000 after purchasing an additional 23,935 shares during the period. Vest Financial LLC raised its holdings in shares of Federal Realty Investment Trust by 19.1% in the 2nd quarter. Vest Financial LLC now owns 430,051 shares of the real estate investment trust’s stock worth $43,422,000 after purchasing an additional 69,059 shares during the period. Y.D. More Investments Ltd bought a new stake in shares of Federal Realty Investment Trust in the 2nd quarter worth approximately $96,000. Finally, American Century Companies Inc. raised its holdings in shares of Federal Realty Investment Trust by 7.0% in the 2nd quarter. American Century Companies Inc. now owns 28,247 shares of the real estate investment trust’s stock worth $2,852,000 after purchasing an additional 1,849 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Up 0.7 %

FRT opened at $114.38 on Friday. The company has a fifty day moving average price of $113.61 and a 200-day moving average price of $105.60. The firm has a market capitalization of $9.49 billion, a P/E ratio of 40.70, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74. Federal Realty Investment Trust has a one year low of $85.59 and a one year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The firm had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $293.61 million. During the same quarter last year, the firm earned $1.67 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts expect that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a $1.10 dividend. The ex-dividend date is Tuesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 annualized dividend and a yield of 3.85%. Federal Realty Investment Trust’s payout ratio is 156.58%.

Insider Buying and Selling

In related news, CEO Donald C. Wood sold 30,292 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at $771,020.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 dated Monday, September 9th. The shares were 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 available through this hyperlink. Also, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 6,637 shares of the company’s stock, valued at $771,020.29. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on FRT. Citigroup raised shares of 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 report on Friday, September 13th. Truist Financial lifted their price target on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Mizuho boosted their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Wells Fargo & Company boosted their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Finally, Compass Point boosted their target price on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price of $122.85.

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.