Folger Nolan Fleming Douglas Capital Management Inc. Cuts Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its position in Federal Realty Investment Trust (NYSE:FRT) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 7,743 shares of the real estate investment trust’s stock after selling 119 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Federal Realty Investment Trust were worth $890,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FRT. NBC Securities Inc. lifted its holdings in shares of Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 107 shares during the period. CWM LLC raised its position in Federal Realty Investment Trust by 10.9% during the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 110 shares in the last quarter. PFG Investments LLC lifted its holdings in Federal Realty Investment Trust by 2.0% in the second quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock valued at $625,000 after acquiring an additional 124 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Federal Realty Investment Trust by 2.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock worth $535,000 after purchasing an additional 143 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its stake in shares of Federal Realty Investment Trust by 9.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,289 shares of the real estate investment trust’s stock worth $263,000 after purchasing an additional 189 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Federal Realty Investment Trust

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 transaction of $691,482.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction dated Thursday, September 5th. The shares were 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Federal Realty Investment Trust Stock Up 1.2 %

Shares of NYSE FRT opened at $114.25 on Thursday. Federal Realty Investment Trust has a 1 year low of $88.25 and a 1 year high of $118.34. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $9.48 billion, a P/E ratio of 40.66, a P/E/G ratio of 2.16 and a beta of 1.23. The company has a 50 day simple moving average of $114.05 and a 200-day simple moving average of $107.56.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Evercore ISI lifted their price objective on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company increased their target price on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Raymond James lifted their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Mizuho lifted their price objective 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. Finally, Piper Sandler boosted their price target on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.77.

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.