Algert Global LLC Acquires 7,520 Shares of Federal Realty Investment Trust (NYSE:FRT)

Algert Global LLC grew its holdings in Federal Realty Investment Trust (NYSE:FRT) by 40.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,048 shares of the real estate investment trust’s stock after acquiring an additional 7,520 shares during the period. Algert Global LLC’s holdings in Federal Realty Investment Trust were worth $2,630,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FRT. SG Americas Securities LLC boosted its holdings in Federal Realty Investment Trust by 133.3% in 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 boosted its stake in shares of Federal Realty Investment Trust by 6.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 309,103 shares of the real estate investment trust’s stock worth $31,567,000 after acquiring an additional 19,453 shares in the last quarter. Heitman Real Estate Securities LLC increased its holdings 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 valued at $21,403,000 after acquiring an additional 195,137 shares during the last quarter. Vident Advisory LLC raised its stake in shares of Federal Realty Investment Trust by 107.9% in the 1st quarter. Vident Advisory LLC now owns 46,501 shares of the real estate investment trust’s stock valued at $4,749,000 after acquiring an additional 24,134 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in Federal Realty Investment Trust in the 1st quarter worth approximately $602,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on FRT shares. 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 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 research note on Monday, September 16th. Wells Fargo & Company boosted their target price on shares of 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 raised their price target 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, Compass Point boosted their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Three 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.85.

Insider Activity at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Donald C. Wood sold 5,937 shares of the company’s 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust stock in a transaction dated 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 transaction, 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 owned by insiders.

Federal Realty Investment Trust Stock Down 0.4 %

FRT opened at $113.41 on Wednesday. The company has a market capitalization of $9.41 billion, a P/E ratio of 40.36, a P/E/G ratio of 2.16 and a beta of 1.24. 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 fifty day moving average price is $113.69 and its two-hundred day moving average price is $105.78. Federal Realty Investment Trust has a fifty-two week low of $85.59 and a fifty-two week high of $118.34.

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 business had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. During the same quarter last year, the firm posted $1.67 earnings per share. Federal Realty Investment Trust’s revenue was up 5.5% on a year-over-year basis. On average, analysts anticipate 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 will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Tuesday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 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.