Global X Japan Co. Ltd. Lowers Position in Federal Realty Investment Trust (NYSE:FRT)

Global X Japan Co. Ltd. trimmed its position in Federal Realty Investment Trust (NYSE:FRT) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,934 shares of the real estate investment trust’s stock after selling 190 shares during the period. Global X Japan Co. Ltd.’s holdings in Federal Realty Investment Trust were worth $452,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new position in shares of Federal Realty Investment Trust during the first quarter valued at $221,000. Park Avenue Securities LLC raised its holdings in Federal Realty Investment Trust by 10.0% in the 1st quarter. Park Avenue Securities LLC now owns 5,421 shares of the real estate investment trust’s stock worth $554,000 after acquiring an additional 493 shares during the last quarter. Vert Asset Management LLC lifted its position in Federal Realty Investment Trust by 7.3% in the 1st quarter. Vert Asset Management LLC now owns 30,845 shares of the real estate investment trust’s stock valued at $3,150,000 after acquiring an additional 2,109 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Federal Realty Investment Trust by 47.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,719 shares of the real estate investment trust’s stock valued at $1,299,000 after purchasing an additional 4,112 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Federal Realty Investment Trust by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 46,497 shares of the real estate investment trust’s stock valued at $4,747,000 after acquiring an additional 244 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Insider Activity at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction 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 hyperlink. In other news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the sale, the chief executive officer now directly owns 6,637 shares of the company’s stock, 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 stock in a transaction on 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 corporate insiders.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $114.36 on Wednesday. The stock has a market cap of $9.49 billion, a PE ratio of 40.70, a P/E/G ratio of 2.11 and a beta of 1.23. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57. The business’s 50-day simple moving average is $114.02 and its two-hundred day simple moving average is $107.11. Federal Realty Investment Trust has a 52 week low of $85.59 and a 52 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 (EPS) 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 the consensus estimate of $293.61 million. During the same period last year, the business posted $1.67 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts forecast that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a dividend of $1.10 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.85%. Federal Realty Investment Trust’s dividend payout ratio is currently 156.58%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Raymond James boosted their price target on 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. Evercore ISI increased their price objective 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. Wells Fargo & Company raised their target price on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lifted their target price on 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. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.77.

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.