Creative Planning Has $662,000 Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Creative Planning reduced its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,554 shares of the real estate investment trust’s stock after selling 229 shares during the quarter. Creative Planning’s holdings in Federal Realty Investment Trust were worth $662,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Family Firm Inc. bought a new position in Federal Realty Investment Trust during the 2nd quarter valued at $33,000. Blue Trust Inc. lifted its holdings in Federal Realty Investment Trust by 885.7% during the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 310 shares during the period. Rothschild Investment LLC purchased a new position in Federal Realty Investment Trust in the second quarter worth $42,000. Quarry LP bought a new position in Federal Realty Investment Trust in the 4th quarter valued at $50,000. Finally, Richardson Financial Services Inc. bought a new stake in shares of Federal Realty Investment Trust during the 4th quarter worth $51,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Up 0.9 %

NYSE:FRT opened at $111.45 on Monday. 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 firm’s 50-day moving average price is $113.81 and its 200-day moving average price is $106.48. The company has a market capitalization of $9.25 billion, a PE ratio of 39.66, a P/E/G ratio of 2.11 and a beta of 1.23.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.36). The company had revenue of $295.80 million during the quarter, compared to the consensus estimate of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. On average, equities analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued 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 dividend on an annualized basis and a dividend yield of 3.95%. Federal Realty Investment Trust’s dividend payout ratio is presently 156.58%.

Insider Buying and Selling

In other news, 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 transaction of $691,482.39. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Donald C. Wood sold 30,292 shares of the firm’s 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 transaction, the chief executive officer now owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FRT shares. Raymond James lifted their price objective on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Mizuho upped their price target 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. Evercore ISI boosted their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Truist Financial boosted their price target on shares of 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. Finally, Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.77.

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.