Family Firm Inc. Makes New $33,000 Investment in Federal Realty Investment Trust (NYSE:FRT)

Family Firm Inc. purchased a new position in Federal Realty Investment Trust (NYSE:FRT) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 327 shares of the real estate investment trust’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of Federal Realty Investment Trust by 885.7% in the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 310 shares during the last quarter. Tidemark LLC acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $40,000. Quarry LP bought a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $50,000. Richardson Financial Services Inc. acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth $51,000. Finally, Northwest Investment Counselors LLC bought a new position in Federal Realty Investment Trust during the first quarter worth $51,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FRT. JPMorgan Chase & Co. increased their price target on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Wells Fargo & Company upped their price target on Federal Realty Investment Trust from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Mizuho boosted their price objective 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. Truist Financial cut their target price on Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Finally, Raymond James increased their price objective on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of $118.36.

Federal Realty Investment Trust Price Performance

NYSE FRT traded up $2.02 during trading hours on Friday, reaching $116.19. 664,004 shares of the company’s stock were exchanged, compared to its average volume of 600,203. The firm has a fifty day moving average of $107.30 and a 200-day moving average of $103.05. Federal Realty Investment Trust has a one year low of $85.59 and a one year high of $116.49. The stock has a market cap of $9.64 billion, a PE ratio of 41.35, a price-to-earnings-growth ratio of 2.26 and a beta of 1.23. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59.

Federal Realty Investment Trust (NYSE:FRT) last posted 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). Federal Realty Investment Trust had a return on equity of 10.14% and a net margin of 24.69%. The business had revenue of $295.80 million during the quarter, compared to analyst estimates of $293.61 million. During the same period in the prior year, the firm posted $1.67 EPS. Federal Realty Investment Trust’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently disclosed 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. This represents a $4.40 annualized dividend and a yield of 3.79%. The ex-dividend date is Tuesday, October 1st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s payout ratio 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.