Trajan Wealth LLC Buys New Shares in Federal Realty Investment Trust (NYSE:FRT)

Trajan Wealth LLC purchased a new position in Federal Realty Investment Trust (NYSE:FRT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,799 shares of the real estate investment trust’s stock, valued at approximately $207,000.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Federal Realty Investment Trust by 47.8% during the 1st 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 buying an additional 4,112 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Federal Realty Investment Trust by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 46,497 shares of the real estate investment trust’s stock worth $4,747,000 after acquiring an additional 244 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Federal Realty Investment Trust by 16.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 6,219 shares of the real estate investment trust’s stock valued at $635,000 after acquiring an additional 865 shares during the last quarter. Van ECK Associates Corp lifted its stake in Federal Realty Investment Trust by 3.8% in the 1st quarter. Van ECK Associates Corp now owns 32,111 shares of the real estate investment trust’s stock worth $3,279,000 after purchasing an additional 1,184 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Federal Realty Investment Trust by 9.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,043 shares of the real estate investment trust’s stock valued at $2,387,000 after purchasing an additional 2,022 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust 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 completion of the sale, the chief executive officer now directly owns 6,637 shares in the company, valued at $771,020.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction that occurred on 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 approximately $771,020.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust 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 disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Trading Up 1.2 %

Shares of FRT opened at $114.25 on Thursday. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 2.16 and a beta of 1.23. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74. Federal Realty Investment Trust has a 1-year low of $88.25 and a 1-year high of $118.34. The company has a 50-day moving average of $114.05 and a 200 day moving average of $107.56.

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 for the quarter, missing the consensus estimate of $1.68 by ($0.36). The company had revenue of $295.80 million for the quarter, compared to the consensus estimate 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 revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 EPS. On average, research analysts expect that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Evercore ISI upped their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. Scotiabank lowered their price target on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a report on Friday, October 11th. Compass Point boosted their price objective on 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, Raymond James raised their price objective 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. 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, the company currently has an average 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.