Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 5,222 shares of the real estate investment trust’s stock after acquiring an additional 244 shares during the period. Pacer Advisors Inc.’s holdings in Federal Realty Investment Trust were worth $527,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. SG Americas Securities LLC grew its stake in shares of Federal Realty Investment Trust by 133.3% during the first quarter. SG Americas Securities LLC now owns 45,035 shares of the real estate investment trust’s stock worth $4,599,000 after purchasing an additional 25,730 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Federal Realty Investment Trust by 6.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 309,103 shares of the real estate investment trust’s stock valued at $31,567,000 after acquiring an additional 19,453 shares during the last quarter. Heitman Real Estate Securities LLC raised its position in shares of Federal Realty Investment Trust by 1,553.3% during the 4th quarter. Heitman Real Estate Securities LLC now owns 207,700 shares of the real estate investment trust’s stock worth $21,403,000 after acquiring an additional 195,137 shares in the last quarter. Vident Advisory LLC lifted its stake in Federal Realty Investment Trust by 107.9% during the first quarter. Vident Advisory LLC now owns 46,501 shares of the real estate investment trust’s stock worth $4,749,000 after purchasing an additional 24,134 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in Federal Realty Investment Trust in the first quarter valued at approximately $602,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 30,292 shares of the company’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 owns 6,637 shares of the company’s stock, valued at $771,020.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $691,482.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction dated 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 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. Company insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $114.38 on Friday. The stock has a fifty day moving average price of $113.61 and a 200 day moving average price of $105.60. 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. The company has a market cap of $9.49 billion, a PE ratio of 40.70, a P/E/G ratio of 2.16 and a beta of 1.24.

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 for the quarter, missing the consensus estimate 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 firm had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $293.61 million. During the same period in the previous year, the firm earned $1.67 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders 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. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $4.40 annualized dividend and a yield of 3.85%. Federal Realty Investment Trust’s payout ratio is presently 156.58%.

Analyst Ratings Changes

A number of research firms have weighed in on FRT. JPMorgan Chase & Co. raised their price objective on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $120.00 to $135.00 in a research report on Friday, September 13th. Wells Fargo & Company lifted their target price on 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. Raymond James upped their target price on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Scotiabank lifted their price target on Federal Realty Investment Trust from $112.00 to $120.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 26th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $122.85.

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.