Susquehanna Portfolio Strategies LLC Has $680,000 Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Susquehanna Portfolio Strategies LLC lessened its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 78.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 6,737 shares of the real estate investment trust’s stock after selling 23,940 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Federal Realty Investment Trust were worth $680,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in Federal Realty Investment Trust during the 2nd quarter valued at about $33,000. Blue Trust Inc. lifted its holdings in Federal Realty Investment Trust by 885.7% in the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 310 shares during the period. Rothschild Investment LLC bought a new position in Federal Realty Investment Trust in the second quarter valued at approximately $42,000. Quarry LP acquired a new stake in Federal Realty Investment Trust during the 4th quarter worth $50,000. Finally, Richardson Financial Services Inc. acquired a new stake in Federal Realty Investment Trust during the 4th quarter worth $51,000. Institutional investors own 93.86% of the company’s stock.

Insider Transactions at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust 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 completion of the sale, the chief executive officer now directly owns 6,637 shares in the company, valued at approximately $771,020.29. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $114.38 on Friday. The company has a fifty day moving average price of $113.61 and a 200 day moving average price of $105.60. The firm has a market cap of $9.49 billion, a PE ratio of 40.70, a PEG ratio of 2.16 and a beta of 1.24. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57. Federal Realty Investment Trust has a 1-year low of $85.59 and a 1-year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.36). Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The firm had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. During the same period in the prior year, the company earned $1.67 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.85%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 156.58%.

Analyst Ratings Changes

Several research firms have recently issued reports on FRT. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. 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. Mizuho upped their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Piper Sandler lifted their price objective on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Truist Financial upped their target price on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $122.85.

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.