Xponance Inc. raised its holdings in Federal Realty Investment Trust (NYSE:FRT – Get Rating ) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,455 shares of the real estate investment trust’s stock after acquiring an additional 1,685 shares during the quarter. The holdings of Xponance Inc. in Federal Realty Investment Trust were worth $1,056,000 at the end of the most recent reporting period.
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Several other institutional investors and hedge funds have also modified their holdings of the business. JB Capital LLC purchased a new position in Federal Realty Investment Trust during the 4th quarter valued at approximately $435,000. Vestmark Advisory Solutions Inc. lifted its position in Federal Realty Investment Trust by 4.5% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 10,884 shares of the real estate investment trust’s stock valued at $1,100,000 after buying an additional 471 shares in the last quarter. Intrua Financial LLC purchased a new position in Federal Realty Investment Trust in the 4th quarter valued at approximately $283,000. Xcel Wealth Management LLC raised its position in Federal Realty Investment Trust by 7.5% in the 4th quarter. Xcel Wealth Management LLC now owns 37,872 shares of the real estate investment trust’s stock valued at $3,827,000 after purchasing an additional 2,650 shares during the last quarter. Finally, Kaizen Financial Strategies raised its position in Federal Realty Investment Trust by 9.7% during the 4th quarter. Kaizen Financial Strategies now owns 2,510 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 221 shares in the last quarter. 86.20% of the shares are owned by institutional investors and hedge funds.
Insider dealings in Federal Realty Investment Trust
In related news, CEO Donald K. Wood sold 10,000 shares of Federal Realty Investment Trust stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $111.24, for a total value of $1,112,400.00. Following the sale, the chief executive officer now owns 200,710 shares of the company’s stock, valued at approximately $22,326,980.40. The sale was disclosed in a legal filing with the SEC, which can be accessed via this link. In related news, CEO Donald S. Wood sold 10,000 shares of the stock in a transaction on Monday, February 13th. The shares were sold at an average price of $111.24, for a total transaction of $1,112,400.00. Following the completion of the transaction, the chief executive officer now owns 200,710 shares in the company, valued at $22,326,980.40. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available through the SEC’s website. Also, CFO Daniel Guglielmone sold 2,500 shares of Federal Realty Investment Trust stock in a transaction on Monday, February 13th. The shares were sold at an average price of $110.69, for a total transaction of $276,725.00. Following the completion of the sale, the chief financial officer now owns 50,782 shares in the company, valued at $5,621,059.58. Disclosure of this sale can be found here. 1.00% of shares are currently owned by insiders.
Analysts set new price targets
Several research firms have recently weighed in on FRT. Raymond James reduced their price objective on shares of Federal Realty Investment Trust from $130.00 to $120.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 4th. Piper Sandler cut their target price on Federal Realty Investment Trust from $118.00 to $111.00 and set a “neutral” rating on the stock in a research note on Wednesday. Compass Point upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a research note on Monday, January 30th. StockNews.com started coverage on Federal Realty Investment Trust in a report on Thursday, March 16th. They assign a “hold” rating to the stock. Finally, Mizuho decreased their target price on Federal Realty Investment Trust from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and an average target price of $116.31, based on data from MarketBeat.
Federal Realty Investment Trust trade up 0.1%
NYSE FRT opened at $97.74 on Friday. The firm has a market cap of $7.95 billion, a P/E ratio of 20.93, a P/E/G ratio of 2.28 and a beta of 1.19. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.54, and a quick ratio of 1.54. The stock’s 50-day moving average is $103.04 and its 200-day moving average is $102.09. Federal Realty Investment Trust has a one year low of $86.43 and a one year high of $128.13.
Federal Real Estate Investment Trust (NYSE:FRT – Get Rating ) last posted its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.17). The business had revenue of $279.80 million for the quarter, compared to analyst estimates of $277.24 million. Federal Realty Investment Trust had a return on equity of 14.06% and a net margin of 35.88%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.47 EPS. sell-side analysts anticipate that Federal Realty Investment Trust will post 6.48 earnings per share for the current fiscal year.
Federal Realty Investment Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Monday, March 13th will be paid a dividend of $1.08 per share. This represents an annualized dividend of $4.32 and a dividend yield of 4.42%. The ex-dividend date is Friday, March 10th. Federal Realty Investment Trust’s dividend payout ratio is currently 92.51%.
About the Federal Real Estate Investment Trust
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Federal Realty Investment Trust is a real estate investment trust. It owns, manages and redevelops retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.
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