Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC raised its stake in Federal Realty Investment Trust (NYSE:FRT) by 15.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,717 shares of the real estate investment trust’s stock after acquiring an additional 11,691 shares during the quarter. AQR Capital Management LLC owned approximately 0.11% of Federal Realty Investment Trust worth $8,983,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Federal Realty Investment Trust by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock valued at $1,300,101,000 after purchasing an additional 193,740 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Federal Realty Investment Trust by 4.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock valued at $201,355,000 after buying an additional 90,395 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Federal Realty Investment Trust by 2.2% in the second quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust’s stock worth $174,883,000 after acquiring an additional 36,880 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Federal Realty Investment Trust by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust’s stock valued at $115,000,000 after acquiring an additional 8,933 shares during the period. Finally, Westwood Holdings Group Inc. increased its stake in shares of Federal Realty Investment Trust by 571.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock valued at $64,868,000 after purchasing an additional 546,711 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Down 2.0 %

FRT stock opened at $111.16 on Thursday. 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 firm has a 50-day moving average of $113.76 and a two-hundred day moving average of $105.88. Federal Realty Investment Trust has a 12 month low of $85.59 and a 12 month high of $118.34. The company has a market cap of $9.22 billion, a price-to-earnings ratio of 39.56, a PEG ratio of 2.16 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data 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 company 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%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 EPS. As a group, analysts forecast that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $1.10 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 annualized dividend and a yield of 3.96%. The ex-dividend date is Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 156.58%.

Analyst Ratings Changes

Several analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Truist Financial increased their target price 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 price target on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Compass Point increased their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Scotiabank boosted their target price on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 26th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $122.85.

Insiders Place Their Bets

In other news, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction that occurred on 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 owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at approximately $771,020.29. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

About Federal Realty Investment Trust

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.