IFP Advisors Inc cut its position in the Federal Real Estate Investment Trust (NYSE: FRT – Get Rating) by 30.9% in the fourth quarter, the company said in its latest disclosure to the Securities and Exchange Commission. increase. This institutional investor owned 2,504 shares in the real estate investment trust after he sold 1,119 shares during this period. IFP Advisors Inc’s holdings in Federal Realty Investment Trust were valued at $343,000 as of the most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares in the company. Brown Brothers Harriman & Company increased its position in Federal Realty Investment Trust by 237.0% in the first quarter. Brown Brothers Harriman & Co. now owns 337 shares of the real estate investment trust worth $41,000 after purchasing an additional 237 shares of him last quarter. Wipfli Financial Advisors LLC purchased his new $49,000 worth of Federal Realty Investment Trust shares during the third quarter. Benjamin F. Edwards & Co. Inc. increased its position in Federal Realty Investment Trust stocks by 44.1% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 572 real estate investment trust shares valued at $52,000 after acquiring an additional 175 shares during this period. Parkside Financial Bank & Trust purchased a new position in Federal Realty Investment Trust for $60,000 in the first quarter. Finally, Dupont Capital Management Corp increased its stake in Federal Realty Investment Trust by 168.2% in the fourth quarter. Dupont Capital Management Corp owns 869 shares of the real estate investment trust worth $88,000 after acquiring an additional 545 shares last quarter. 86.20% of the shares are owned by hedge funds and other institutional investors.
Federal Realty Investment Trust Stock Performance
The NYSE FRT on Wednesday opened at $92.69. The stock has a market cap of $7.56 billion, a price/earnings ratio of 19.76, a PEG ratio of 2.23, and a beta of 1.19. The stock has a 50-day moving average of $97.37 and a 200-day moving average of $103.11. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt to equity ratio of 1.57. The Federal Realty Investment Trust has a 12-month low of $86.43 and a 12-month high of $118.55.
Federal Realty Investment Trust (NYSE:FRT – Get Rating) last reported results on Wednesday, February 8th. The real estate investment trust reported earnings per share of $1.40 for the quarter, beating consensus expectations of $1.57 ($0.17). Federal Realty Investment Trust had a return on equity of 13.82% and a net profit margin of 35.65%. The business generated $279.8 million in revenue for the quarter, compared with analyst estimates of $277.24 million. Earnings per share in the year-ago quarter were $1.47. The company’s quarterly revenue increased by 10.2% compared to the same quarter last year. Sell-side analysts expect Federal Realty Investment Trust to record 6.48 EPS for the current financial year.
Federal Real Estate Investment Trust Dividend Notice
The company recently announced a quarterly dividend payable on Monday, July 17th. Shareholders of record on Thursday, June 22 will receive a dividend of $1.08. The ex-dividend date is Wednesday, June 21. This represents his $4.32 dividend and his 4.66% dividend yield on an annualized basis. Federal Realty Investment Trust has a Dividend Payout Ratio (DPR) of 92.11%.
Analyst Rating Change
Many research analysts have recently turned their attention to FRT stocks. Piper Sandler lowered the Federal Realty Investment Trust’s price target from her $118.00 to her $111.00 and gave the stock a “neutral” rating in a report on Wednesday, April 5. Credit Suisse Group Inc. raised its share price target for Federal Realty Investment Trust to $120.00 from her $110.00, giving the company a “neutral” rating in a research note on Thursday, Feb. 9. StockNews.com began reporting on Federal Realty Investment Trust shares in a research note on Thursday, March 16. They issued a “Hold” rating on the stock. Barclays lowered its price target on Federal Realty Investment Trust from $129.00 to $127.00 in a research report on Wednesday 15 February, setting the company’s rating to ‘overweight’. Finally, UBS Group raised its price target on Federal Realty Investment Trust from $107.00 to $110.00, giving the stock a Neutral rating in its research report on Thursday, February 9. Seven investment analysts have assigned a hold rating to this stock, four have assigned a buy rating, and one has issued a strong buy rating to the company. Based on MarketBeat data, the stock has an average rating of ‘moderate buy’ with a consensus price target of $116.31.
Insider Trading at Federal Realty Investment Trust
In related news, CFO Daniel Guglielmone sold 2,500 shares of the company in a transaction on Monday, February 13th. The shares were sold at an average price of $110.69 for a total of $276,725.00. Following the transaction, the Chief Financial Officer now directly owns 50,782 shares of the Company’s stock valued at approximately $5,621,059.58. The sale is disclosed in filings with the Securities and Exchange Commission, which are available at this link. In other news, CEO Donald C. Wood sold 10,000 shares of the company’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $111.24 for a total of $1,112,400.00. Following the transaction, the Chief Executive now directly owns 200,710 shares of the Company’s stock valued at $22,326,980.40. The transaction was disclosed in legal filings with the SEC that can be accessed at this link. CFO Daniel Guglielmone also sold 2,500 shares of the company’s stock in a transaction on Monday, February 13th. The shares sold for an average of $110.69, and the total transaction value he had was $276,725.00. Following the sale, the Chief Financial Officer now directly owns 50,782 shares of the Company’s stock valued at approximately $5,621,059.58. Please see here for the disclosure of this sale. A corporate insider owns his 1.00% of the company’s shares.
About Federal Real Estate Investment Trusts
The Federal Real Estate Investment Trust is an equity real estate investment trust. It owns, manages and redevelops retail and mixed-use properties primarily located in communities where demand outstrips supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in Bethesda in North Maryland.
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