Blossom Wealth Management Makes New Investment in Federal Realty Investment Trust (NYSE:FRT)

Blossom Wealth Management purchased a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,795 shares of the real estate investment trust’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. boosted its holdings in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 107 shares during the period. CWM LLC lifted its position in shares of Federal Realty Investment Trust by 10.9% in the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 110 shares in the last quarter. PFG Investments LLC boosted its stake in shares of Federal Realty Investment Trust by 2.0% in the second quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock worth $625,000 after acquiring an additional 124 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Federal Realty Investment Trust by 2.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock worth $535,000 after acquiring an additional 143 shares during the period. Finally, V Square Quantitative Management LLC grew its position in shares of Federal Realty Investment Trust by 9.0% during the third quarter. V Square Quantitative Management LLC now owns 2,289 shares of the real estate investment trust’s stock worth $263,000 after purchasing an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Up 1.0 %

Shares of FRT opened at $114.36 on Wednesday. The company’s fifty day simple moving average is $114.02 and its 200-day simple moving average is $107.11. The company has a market cap of $9.49 billion, a P/E ratio of 40.70, a P/E/G ratio of 2.11 and a beta of 1.23. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $118.34.

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

Federal Realty Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was 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 currently 156.58%.

Insider Activity at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the 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 in the company, valued at $771,020.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were 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 currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on FRT. Scotiabank lowered their price target on Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a report on Friday, October 11th. Evercore ISI lifted their price objective on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. upped their target price on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Compass Point lifted their price target on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Piper Sandler increased their price objective on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average target price of $122.77.

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.