Sanctuary Advisors LLC Takes Position in Federal Realty Investment Trust (NYSE:FRT)

Sanctuary Advisors LLC acquired a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,232 shares of the real estate investment trust’s stock, valued at approximately $228,000.

Other hedge funds have also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new stake in Federal Realty Investment Trust during the first quarter valued at approximately $221,000. Park Avenue Securities LLC increased its stake in Federal Realty Investment Trust by 10.0% in the 1st quarter. Park Avenue Securities LLC now owns 5,421 shares of the real estate investment trust’s stock worth $554,000 after buying an additional 493 shares during the period. Northwest Investment Counselors LLC purchased a new position in Federal Realty Investment Trust in the 1st quarter worth about $51,000. Vert Asset Management LLC increased its stake in Federal Realty Investment Trust by 7.3% in the 1st quarter. Vert Asset Management LLC now owns 30,845 shares of the real estate investment trust’s stock worth $3,150,000 after buying an additional 2,109 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Federal Realty Investment Trust by 47.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,719 shares of the real estate investment trust’s stock valued at $1,299,000 after purchasing an additional 4,112 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Federal Realty Investment Trust 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 approximately $771,020.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

FRT has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target 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. Piper Sandler lifted their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of 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. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $120.00 to $135.00 in a report on Friday, September 13th. Finally, Raymond James lifted their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average price target of $122.77.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $114.34 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a fifty day moving average price of $113.93 and a 200 day moving average price of $106.86. Federal Realty Investment Trust has a 1-year low of $85.59 and a 1-year high of $118.34. The company has a market cap of $9.48 billion, a PE ratio of 40.69, a P/E/G ratio of 2.11 and a beta of 1.23.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share 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 company had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. During the same period in the prior year, the business earned $1.67 earnings per share. Federal Realty Investment Trust’s revenue for the quarter was up 5.5% compared to the same quarter last year. Sell-side analysts forecast that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $1.10 per share. The ex-dividend date was Tuesday, October 1st. This is an increase 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%.

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.