Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank trimmed its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 15.2% in the 2nd quarter, Holdings Channel reports. The firm owned 29,209 shares of the real estate investment trust’s stock after selling 5,232 shares during the period. Toronto Dominion Bank’s holdings in Federal Realty Investment Trust were worth $2,949,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Squarepoint Ops LLC raised its position in shares of Federal Realty Investment Trust by 98.8% in the second quarter. Squarepoint Ops LLC now owns 67,427 shares of the real estate investment trust’s stock valued at $6,808,000 after buying an additional 33,502 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Federal Realty Investment Trust during the second quarter worth about $3,964,000. Point72 DIFC Ltd purchased a new stake in Federal Realty Investment Trust during the 2nd quarter valued at about $752,000. Marshall Wace LLP raised its holdings in Federal Realty Investment Trust by 35.0% in the 2nd quarter. Marshall Wace LLP now owns 195,030 shares of the real estate investment trust’s stock valued at $19,692,000 after acquiring an additional 50,590 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Federal Realty Investment Trust by 12.5% in the 2nd quarter. Bank of Montreal Can now owns 183,258 shares of the real estate investment trust’s stock worth $18,560,000 after purchasing an additional 20,425 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Up 0.7 %

NYSE:FRT opened at $114.38 on Monday. Federal Realty Investment Trust has a 12-month low of $85.59 and a 12-month high of $118.34. The firm has a market cap of $9.49 billion, a PE ratio of 40.70, a price-to-earnings-growth 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. The stock has a fifty day moving average price of $113.61 and a 200 day moving average price of $105.67.

Federal Realty Investment Trust (NYSE:FRT) last released 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 business had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. Sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a $1.10 dividend. The ex-dividend date is Tuesday, October 1st. This is a boost 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 is 156.58%.

Analyst Ratings Changes

Several research firms recently commented on FRT. Truist Financial increased their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Evercore ISI upped their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Piper Sandler raised their target price on 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. Compass Point upped their price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Scotiabank raised their price objective 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.85.

Insider Buying and Selling

In other news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were 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. In related news, 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 transaction of $691,482.39. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction that occurred 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. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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.