Federal Realty Investment Trust (NYSE:FRT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 88.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,824 shares of the real estate investment trust’s stock after selling 22,393 shares during the quarter. SG Americas Securities LLC’s holdings in Federal Realty Investment Trust were worth $325,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FRT. Westwood Holdings Group Inc. increased its position in Federal Realty Investment Trust by 571.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock worth $64,868,000 after purchasing an additional 546,711 shares in the last quarter. Millennium Management LLC increased its position in Federal Realty Investment Trust by 304.0% during the 2nd quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock worth $41,963,000 after purchasing an additional 312,726 shares in the last quarter. Vanguard Group Inc. increased its position in Federal Realty Investment Trust by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock worth $1,300,101,000 after purchasing an additional 193,740 shares in the last quarter. Mizuho Markets Americas LLC boosted its holdings in Federal Realty Investment Trust by 311.0% in the 1st quarter. Mizuho Markets Americas LLC now owns 212,129 shares of the real estate investment trust’s stock worth $21,663,000 after acquiring an additional 160,519 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Federal Realty Investment Trust by 4.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock worth $201,355,000 after acquiring an additional 90,395 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

Wall Street Analysts Forecast Growth

FRT has been the subject of a number of analyst reports. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $120.00 to $135.00 in a report on Friday, September 13th. Wells Fargo & Company upped their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Piper Sandler upped their price target on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Raymond James upped their price target on Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Evercore ISI upped their price target on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.77.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $114.34 on Friday. The business’s fifty day moving average price is $113.93 and its 200 day moving average price is $106.86. Federal Realty Investment Trust has a 12-month low of $85.59 and a 12-month high of $118.34. The stock has a market capitalization of $9.48 billion, a PE ratio of 40.69, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data 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). 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 the consensus estimate of $293.61 million. During the same quarter last year, the business earned $1.67 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were given a $1.10 dividend. The ex-dividend date was Tuesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 annualized dividend and a yield of 3.85%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 156.58%.

Insiders Place Their Bets

In other Federal Realty Investment Trust 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 value of $3,519,021.64. Following the sale, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at $771,020.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Donald C. Wood sold 5,937 shares of the firm’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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at $771,020.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate 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.