Trust Co. of Vermont Reduces Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Trust Co. of Vermont cut its stake in Federal Realty Investment Trust (NYSE:FRT) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,300 shares of the real estate investment trust’s stock after selling 200 shares during the quarter. Trust Co. of Vermont’s holdings in Federal Realty Investment Trust were worth $379,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FRT. NBC Securities Inc. boosted its stake 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 purchasing an additional 107 shares during the period. Family Firm Inc. bought a new position in shares of Federal Realty Investment Trust in the second quarter valued at approximately $33,000. Blue Trust Inc. grew its stake 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 valued at $35,000 after acquiring an additional 310 shares in the last quarter. Rothschild Investment LLC bought a new stake in Federal Realty Investment Trust during the 2nd quarter worth approximately $42,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Federal Realty Investment Trust in the 1st quarter worth approximately $51,000. 93.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Donald C. Wood sold 5,937 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $771,020.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

FRT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted 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 research report on Thursday, August 8th. 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. Raymond James boosted their price objective on Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Wells Fargo & Company raised their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Finally, Evercore ISI boosted their price target on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and eleven have assigned 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 Price Performance

Shares of Federal Realty Investment Trust stock opened at $114.28 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.74 and a current ratio of 1.74. Federal Realty Investment Trust has a 52-week low of $85.59 and a 52-week high of $118.34. The company has a fifty day moving average of $113.93 and a 200-day moving average of $106.81. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 40.67, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.36). The business had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.67 earnings per share. Equities research 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. Shareholders of record on Tuesday, October 1st were paid a $1.10 dividend. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Tuesday, October 1st. Federal Realty Investment Trust’s payout ratio is 156.58%.

Federal Realty Investment Trust 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.