Code Waechter LLC Makes New $534,000 Investment in Federal Realty Investment Trust (NYSE:FRT)

Code Waechter LLC purchased a new stake in Federal Realty Investment Trust (NYSE:FRT) during the third quarter, HoldingsChannel reports. The institutional investor purchased 4,645 shares of the real estate investment trust’s stock, valued at approximately $534,000.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Federal Realty Investment Trust by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock valued at $1,300,101,000 after purchasing an additional 193,740 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Federal Realty Investment Trust by 4.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock valued at $201,355,000 after acquiring an additional 90,395 shares during the last quarter. ProShare Advisors LLC boosted its stake in Federal Realty Investment Trust by 2.2% in the second quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust’s stock valued at $174,883,000 after acquiring an additional 36,880 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Federal Realty Investment Trust by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust’s stock valued at $115,000,000 after buying an additional 8,933 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its stake in shares of Federal Realty Investment Trust by 571.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock valued at $64,868,000 after buying an additional 546,711 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Donald C. Wood sold 5,937 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the 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 filing with the SEC, which is available through this link. Also, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the sale, the chief executive officer now directly owns 6,637 shares in the company, valued at $771,020.29. This trade 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.

Analysts Set New Price Targets

FRT has been the subject of several research analyst reports. Piper Sandler lifted 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 report on Friday, August 2nd. Raymond James lifted their price objective on Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Mizuho upped their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Compass Point increased their price target on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, Truist Financial increased their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus price target of $122.77.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT traded up $1.04 on Friday, hitting $111.45. 394,863 shares of the company were exchanged, compared to its average volume of 625,303. 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 1-year low of $85.59 and a 1-year high of $118.34. The firm has a market capitalization of $9.25 billion, a P/E ratio of 39.66, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The stock’s 50 day moving average price is $113.81 and its 200 day moving average price is $106.39.

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

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.95%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is 156.58%.

Federal Realty Investment Trust Company 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.