Wellington Management Group LLP Acquires 545 Shares of Federal Realty Investment Trust $FRT

Wellington Management Group LLP boosted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 30.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,349 shares of the real estate investment trust’s stock after purchasing an additional 545 shares during the period. Wellington Management Group LLP’s holdings in Federal Realty Investment Trust were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FRT. Versant Capital Management Inc grew its holdings in shares of Federal Realty Investment Trust by 82.3% in the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 130 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Federal Realty Investment Trust by 18.2% during the first quarter. Exchange Traded Concepts LLC now owns 845 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 130 shares during the last quarter. Ethic Inc. grew its stake in Federal Realty Investment Trust by 2.3% in the fourth quarter. Ethic Inc. now owns 6,426 shares of the real estate investment trust’s stock valued at $719,000 after purchasing an additional 145 shares in the last quarter. Amalgamated Bank increased its position in shares of Federal Realty Investment Trust by 1.0% during the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust’s stock worth $1,495,000 after purchasing an additional 146 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Federal Realty Investment Trust by 5.6% during the 1st quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 151 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $99.12 on Wednesday. The stock has a market cap of $8.55 billion, a PE ratio of 25.09, a P/E/G ratio of 3.84 and a beta of 1.16. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a 50-day moving average of $95.06 and a 200-day moving average of $95.90. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.18. The firm had revenue of $302.48 million for the quarter, compared to analysts’ expectations of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.69 EPS. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. Federal Realty Investment Trust’s payout ratio is 111.39%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FRT. Wells Fargo & Company raised their target price on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Evercore ISI cut their price target on shares of Federal Realty Investment Trust from $109.00 to $107.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Piper Sandler decreased their price objective on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. Mizuho upped their target price on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Finally, Barclays cut their target price on shares of Federal Realty Investment Trust from $106.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, August 27th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $110.79.

About Federal Realty Investment Trust

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.