Envestnet Asset Management Inc. Grows Holdings in Federal Realty Investment Trust (NYSE:FRT)

Envestnet Asset Management Inc. grew its holdings in Federal Realty Investment Trust (NYSE:FRT – Get Rating) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,560 shares of the real estate investment trust’s stock after purchasing an additional 1,724 shares during the period. Envestnet Asset Management Inc. owned about 0.05% of Federal Realty Investment Trust worth $3,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new stake in Federal Realty Investment Trust in the third quarter worth $27,000. Brown Brothers Harriman & Co. increased its stake in shares of Federal Realty Investment Trust by 237.0% during the first quarter. Brown Brothers Harriman & Co. now owns 337 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 237 shares during the period. SeaCrest Wealth Management LLC bought a new stake in Federal Realty Investment Trust during the second quarter valued at about $46,000. Parkside Financial Bank & Trust bought a new stake in Federal Realty Investment Trust during the first quarter valued at about $60,000. Finally, Wipfli Financial Advisors LLC acquired a new stake in Federal Realty Investment Trust in the third quarter worth about $49,000. Hedge funds and other institutional investors own 86.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FRT shares. Credit Suisse Group lifted their price target on Federal Realty Investment Trust from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, February 9th. Compass Point upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a research report on Monday, January 30th. Barclays reduced their price target on Federal Realty Investment Trust from $129.00 to $127.00 and set an “overweight” rating for the company in a research report on Wednesday, February 15th. Mizuho cut their price objective on Federal Realty Investment Trust from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, March 1st. Finally, UBS Group boosted their price objective on Federal Realty Investment Trust from $107.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, February 9th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and an average price target of $117.00.

Insider Transactions at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $111.24, for a total value of $1,112,400.00. Following the completion of the sale, the chief executive officer now directly owns 200,710 shares in the company, valued at $22,326,980.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Federal Realty Investment Trust news, CFO Daniel Guglielmone sold 2,500 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $110.69, for a total transaction of $276,725.00. Following the sale, the chief financial officer now directly owns 50,782 shares of the company’s stock, valued at approximately $5,621,059.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Donald C. Wood sold 10,000 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $111.24, for a total transaction of $1,112,400.00. Following the sale, the chief executive officer now directly owns 200,710 shares in the company, valued at $22,326,980.40. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Stock Up 1.0 %

Shares of Federal Realty Investment Trust stock opened at $107.25 on Monday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.53. The firm has a market cap of $8.72 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.60 and a beta of 1.20. Federal Realty Investment Trust has a fifty-two week low of $86.43 and a fifty-two week high of $128.13. The business has a 50-day moving average price of $107.60 and a 200 day moving average price of $103.33.

Federal Realty Investment Trust (NYSE:FRT – Get Rating) last issued its earnings results on Wednesday, February 8th. The real estate investment trust reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.17). Federal Realty Investment Trust had a net margin of 35.88% and a return on equity of 14.06%. The company had revenue of $279.80 million during the quarter, compared to analyst estimates of $277.24 million. During the same quarter in the previous year, the firm earned $1.47 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts forecast that Federal Realty Investment Trust will post 6.49 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Monday, March 13th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, March 10th. This represents a $4.32 annualized dividend and a dividend yield of 4.03%. Federal Realty Investment Trust’s dividend payout ratio is presently 92.51%.

About Federal Realty Investment Trust

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Federal Realty Investment Trust is an equity real estate investment trust. It engages in ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.