Federal Realty Investment Trust (NYSE:FRT) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 98.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 67,427 shares of the real estate investment trust’s stock after buying an additional 33,502 shares during the period. Squarepoint Ops LLC’s holdings in Federal Realty Investment Trust were worth $6,808,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FRT. Westwood Holdings Group Inc. raised its stake in shares of Federal Realty Investment Trust by 571.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock worth $64,868,000 after buying an additional 546,711 shares during the period. Heitman Real Estate Securities LLC raised its stake in shares of Federal Realty Investment Trust by 1,553.3% during the 4th quarter. Heitman Real Estate Securities LLC now owns 207,700 shares of the real estate investment trust’s stock worth $21,403,000 after buying an additional 195,137 shares during the period. Vanguard Group Inc. raised its stake 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 buying an additional 193,740 shares during the period. Mizuho Markets Americas LLC raised its stake in shares of Federal Realty Investment Trust by 311.0% during the 1st quarter. Mizuho Markets Americas LLC now owns 212,129 shares of the real estate investment trust’s stock worth $21,663,000 after buying an additional 160,519 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Federal Realty Investment Trust by 29.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 407,585 shares of the real estate investment trust’s stock worth $42,002,000 after buying an additional 93,048 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Trading Up 0.7 %

Shares of FRT opened at $114.38 on Monday. The company has a market capitalization of $9.49 billion, a P/E ratio of 40.70, a P/E/G ratio of 2.16 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 stock has a 50-day moving average price of $113.61 and a 200 day moving average price of $105.67.

Federal Realty Investment Trust (NYSE:FRT) last issued 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 business had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $293.61 million. During the same period in the prior year, the company posted $1.67 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $1.10 per share. 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 dividend yield of 3.85%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 156.58%.

Wall Street Analysts Forecast Growth

FRT has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Truist Financial increased their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Evercore ISI increased their price target on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Mizuho increased their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, Scotiabank raised their target price on Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a report on Monday, August 26th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $122.85.

Insider Transactions at Federal Realty Investment Trust

In other news, 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 owns 6,637 shares of the company’s stock, valued at $771,020.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 stock was 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 SEC, which can be accessed through this link. Also, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at $771,020.29. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Company 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.