Whittier Trust Co. of Nevada Inc. Raises Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Whittier Trust Co. of Nevada Inc. grew its holdings in Federal Realty Investment Trust (NYSE:FRT) by 2,475.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 618 shares of the real estate investment trust’s stock after acquiring an additional 594 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Federal Realty Investment Trust were worth $71,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Westwood Holdings Group Inc. lifted its holdings in 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 worth $64,868,000 after purchasing an additional 546,711 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 304.0% in the second quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock worth $41,963,000 after buying an additional 312,726 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Federal Realty Investment Trust by 1.5% during the first quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock worth $1,300,101,000 after acquiring an additional 193,740 shares during the last quarter. Mizuho Markets Americas LLC grew its stake in Federal Realty Investment Trust by 311.0% during the first quarter. Mizuho Markets Americas LLC now owns 212,129 shares of the real estate investment trust’s stock valued at $21,663,000 after acquiring an additional 160,519 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased 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 valued at $201,355,000 after acquiring an additional 90,395 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Insider Buying and Selling at Federal Realty Investment Trust

In other 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 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the firm’s 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction on 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 corporate insiders.

Analyst Ratings Changes

FRT has been the subject of a number of research analyst reports. Mizuho raised their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Raymond James raised their price target on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. JPMorgan Chase & Co. upped their price objective on Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Evercore ISI raised their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company upped their price target on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of $122.77.

Federal Realty Investment Trust Stock Down 0.4 %

Shares of NYSE:FRT opened at $113.92 on Friday. The firm has a market capitalization of $9.45 billion, a PE ratio of 40.54, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The business has a 50 day simple moving average of $114.07 and a two-hundred day simple moving average of $107.21. Federal Realty Investment Trust has a 1 year low of $85.59 and a 1 year high of $118.34. 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 posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The business had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $293.61 million. During the same quarter in the previous year, the firm earned $1.67 EPS. Federal Realty Investment Trust’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $1.10 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $4.40 dividend on an annualized basis and a yield of 3.86%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 156.58%.

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.