Bank of Montreal Can Buys 20,425 Shares of Federal Realty Investment Trust (NYSE:FRT)

Bank of Montreal Can increased its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 12.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 183,258 shares of the real estate investment trust’s stock after acquiring an additional 20,425 shares during the quarter. Bank of Montreal Can owned about 0.22% of Federal Realty Investment Trust worth $18,560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. raised its stake in shares of Federal Realty Investment Trust by 4.6% in the 4th quarter. Franklin Resources Inc. now owns 17,304 shares of the real estate investment trust’s stock valued at $1,783,000 after buying an additional 757 shares in the last quarter. Evoke Wealth LLC acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $212,000. Bank of Nova Scotia raised its stake in shares of Federal Realty Investment Trust by 15.8% in the 4th quarter. Bank of Nova Scotia now owns 5,823 shares of the real estate investment trust’s stock valued at $600,000 after buying an additional 793 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its stake in shares of Federal Realty Investment Trust by 59.4% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 20,237 shares of the real estate investment trust’s stock valued at $2,085,000 after buying an additional 7,545 shares in the last quarter. Finally, KBC Group NV acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $136,000. Institutional investors own 93.86% of the company’s stock.

Insider Activity

In other news, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $116.17, for a total value of $3,519,021.64. Following the transaction, the chief executive officer now owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FRT shares. Scotiabank increased their price objective on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. Wells Fargo & Company increased their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. increased their target price on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Raymond James increased their target price on shares of 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 increased their target price on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $122.85.

Federal Realty Investment Trust Trading Up 0.7 %

FRT opened at $114.38 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $9.49 billion, a PE ratio of 40.70, a PEG ratio of 2.16 and a beta of 1.24. Federal Realty Investment Trust has a 1-year low of $85.59 and a 1-year high of $118.34. The firm has a 50-day moving average price of $113.61 and a two-hundred day moving average price of $105.60.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.36). The business had revenue of $295.80 million during the quarter, compared to the consensus estimate of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $1.67 EPS. As a group, equities analysts anticipate that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal 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 $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Tuesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 156.58%.

Federal Realty Investment Trust 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.