Vest Financial LLC Acquires 24,276 Shares of Federal Realty Investment Trust (NYSE:FRT)

Vest Financial LLC raised its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 5.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 454,327 shares of the real estate investment trust’s stock after purchasing an additional 24,276 shares during the period. Vest Financial LLC’s holdings in Federal Realty Investment Trust were worth $52,234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Federal Realty Investment Trust by 1.5% during the first 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 acquiring 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 in the last quarter. ProShare Advisors LLC increased its position in shares of Federal Realty Investment Trust by 2.2% during 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Federal Realty Investment Trust by 0.8% during the second 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 acquiring an additional 8,933 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in shares of Federal Realty Investment Trust by 571.1% during the second quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock valued at $64,868,000 after acquiring an additional 546,711 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Insiders Place Their Bets

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 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. Also, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 6,637 shares in the company, valued at approximately $771,020.29. The trade was 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.

Federal Realty Investment Trust Price Performance

Shares of FRT traded up $1.00 during trading hours on Friday, reaching $114.34. 430,299 shares of the stock traded hands, compared to its average volume of 620,672. 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 52-week low of $85.59 and a 52-week high of $118.34. The company’s 50-day moving average price is $113.93 and its two-hundred day moving average price is $106.86. The company has a market cap of $9.48 billion, a P/E ratio of 40.69, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results 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 net margin of 24.69% and a return on equity of 10.07%. The firm had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $293.61 million. During the same quarter last year, the firm posted $1.67 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Federal Realty Investment Trust will post 6.81 earnings per share 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. The ex-dividend date was Tuesday, October 1st. This represents a $4.40 annualized dividend and a yield of 3.85%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s payout ratio is presently 156.58%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Evercore ISI raised their price target 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. Compass Point lifted their target price on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Scotiabank cut their target price on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a research report on Friday, October 11th. Truist Financial lifted their target price on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, Mizuho lifted their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.