MQS Management LLC Invests $831,000 in Federal Realty Investment Trust (NYSE:FRT)

MQS Management LLC bought a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 8,235 shares of the real estate investment trust’s stock, valued at approximately $831,000. Federal Realty Investment Trust makes up approximately 0.5% of MQS Management LLC’s investment portfolio, making the stock its 23rd largest position.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of Federal Realty Investment Trust by 133.3% in the first quarter. SG Americas Securities LLC now owns 45,035 shares of the real estate investment trust’s stock valued at $4,599,000 after acquiring an additional 25,730 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Federal Realty Investment Trust by 6.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 309,103 shares of the real estate investment trust’s stock worth $31,567,000 after purchasing an additional 19,453 shares in the last quarter. Heitman Real Estate Securities LLC boosted its stake in Federal Realty Investment Trust by 1,553.3% in the 4th quarter. Heitman Real Estate Securities LLC now owns 207,700 shares of the real estate investment trust’s stock worth $21,403,000 after purchasing an additional 195,137 shares during the period. Vident Advisory LLC boosted its stake in Federal Realty Investment Trust by 107.9% in the 1st quarter. Vident Advisory LLC now owns 46,501 shares of the real estate investment trust’s stock worth $4,749,000 after purchasing an additional 24,134 shares during the period. Finally, Entropy Technologies LP purchased a new stake in Federal Realty Investment Trust during the 1st quarter valued at approximately $602,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Down 0.1 %

NYSE FRT opened at $115.49 on Thursday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57. Federal Realty Investment Trust has a 52 week low of $85.59 and a 52 week high of $118.34. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 2.20 and a beta of 1.24. The company has a fifty day moving average of $112.72 and a two-hundred day moving average of $105.03.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). The firm had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. Federal Realty Investment Trust’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. On average, analysts predict that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $1.10 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.81%. Federal Realty Investment Trust’s dividend payout ratio is currently 156.58%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $120.00 to $135.00 in a report on Friday, September 13th. Wells Fargo & Company boosted their price target on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Truist Financial raised their price objective on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Raymond James boosted their target price on Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Finally, Compass Point raised their price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $122.85.

Insider Transactions at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were 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 SEC, which is accessible through this link. Also, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the sale, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at $771,020.29. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.