Sustainable Insight Capital Management LLC Takes Position in Federal Realty Investment Trust (NYSE:FRT)

Sustainable Insight Capital Management LLC purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,600 shares of the real estate investment trust’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Family Firm Inc. purchased a new stake in shares of Federal Realty Investment Trust during the second quarter valued at approximately $33,000. Blue Trust Inc. boosted its holdings in shares of Federal Realty Investment Trust by 885.7% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 310 shares during the last quarter. Tidemark LLC bought a new position in Federal Realty Investment Trust during the fourth quarter valued at about $40,000. Rothschild Investment LLC purchased a new stake in Federal Realty Investment Trust during the second quarter worth about $42,000. Finally, Quarry LP bought a new stake in Federal Realty Investment Trust in the fourth quarter worth about $50,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $115.46 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57. The firm has a market cap of $9.58 billion, a P/E ratio of 41.09, a P/E/G ratio of 2.17 and a beta of 1.23. Federal Realty Investment Trust has a 1-year low of $85.59 and a 1-year high of $117.23. The firm has a 50-day moving average of $110.22 and a 200-day moving average of $104.02.

Federal Realty Investment Trust (NYSE:FRT) last posted 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). The business had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. Federal Realty Investment Trust’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $1.67 earnings per share. Sell-side analysts expect that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be paid a $1.10 dividend. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 156.58%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Evercore ISI upped their price objective on Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Piper Sandler increased their price target on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Raymond James boosted 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. JPMorgan Chase & Co. increased their target price on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, Scotiabank boosted their price target on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $120.82.

About Federal Realty Investment Trust

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.