Bank of Nova Scotia Sells 32,097 Shares of Federal Realty Investment Trust $FRT

Bank of Nova Scotia lessened its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 21.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,636 shares of the real estate investment trust’s stock after selling 32,097 shares during the period. Bank of Nova Scotia owned about 0.14% of Federal Realty Investment Trust worth $11,079,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Hilltop National Bank bought a new stake in shares of Federal Realty Investment Trust during the second quarter valued at approximately $28,000. GKV Capital Management Co. Inc. bought a new position in Federal Realty Investment Trust in the first quarter worth $30,000. Spire Wealth Management lifted its position in Federal Realty Investment Trust by 365.3% during the second quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 263 shares during the period. Dagco Inc. bought a new stake in shares of Federal Realty Investment Trust during the 1st quarter valued at $34,000. Finally, Loomis Sayles & Co. L P purchased a new stake in Federal Realty Investment Trust in the second quarter worth about $41,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Up 0.5%

Shares of FRT opened at $97.44 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.60 and a current ratio of 1.60. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $116.10. The company’s fifty day moving average is $97.72 and its 200 day moving average is $96.86. The stock has a market capitalization of $8.41 billion, a PE ratio of 24.73, a P/E/G ratio of 3.56 and a beta of 1.01.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.01. The company had revenue of $321.97 million for the quarter, compared to analysts’ expectations of $318.73 million. Federal Realty Investment Trust had a return on equity of 11.12% and a net margin of 27.65%.The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 earnings per share. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. Sell-side analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is presently 114.72%.

Analysts Set New Price Targets

A number of analysts have recently commented on FRT shares. Weiss Ratings reissued a “hold (c)” rating on shares of Federal Realty Investment Trust in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $105.00 price objective on Federal Realty Investment Trust and gave the company a “hold” rating in a research note on Tuesday, October 7th. Wall Street Zen cut Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Scotiabank raised their price target on Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Finally, Mizuho upped their price target on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $108.25.

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.