Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 18.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 845 shares of the real estate investment trust’s stock after buying an additional 130 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Federal Realty Investment Trust were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC grew its position in Federal Realty Investment Trust by 17.5% during the fourth quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust’s stock valued at $9,324,000 after purchasing an additional 12,387 shares in the last quarter. CX Institutional bought a new stake in shares of Federal Realty Investment Trust during the 1st quarter worth $44,000. Smartleaf Asset Management LLC raised its stake in Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 111 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Federal Realty Investment Trust during the 4th quarter valued at $17,187,000. Finally, Blair William & Co. IL raised its stake in shares of Federal Realty Investment Trust by 49.7% in the 4th quarter. Blair William & Co. IL now owns 2,683 shares of the real estate investment trust’s stock valued at $300,000 after buying an additional 891 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FRT has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Mizuho decreased their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Scotiabank reaffirmed an “outperform” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, May 21st. Truist Financial downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $114.00 to $105.00 in a research report on Thursday, March 13th. Finally, Raymond James Financial cut their price target on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $112.54.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $96.29 on Wednesday. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.46. The firm has a fifty day simple moving average of $95.22 and a 200 day simple moving average of $100.76. The stock has a market capitalization of $8.26 billion, a PE ratio of 27.59, a P/E/G ratio of 4.19 and a beta of 1.11.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The firm had revenue of $302.29 million during the quarter, compared to analysts’ expectations of $307.55 million. During the same period in the previous year, the business posted $1.64 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, research analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Tuesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 126.07%.

Federal Realty Investment Trust Profile

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