27,136 Shares in Federal Realty Investment Trust $FRT Purchased by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP purchased 27,136 shares of Federal Realty Investment Trust in the second quarter, valued at approximately $3.35 million. Institutional investors collectively own 93.86% of FRT’s outstanding shares.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $128.75; recent targets ranged from $123 to $135.
• Federal Realty raised its quarterly dividend from $1.13 to $1.16 per share, equivalent to a 4.1% annualized yield, despite quarterly EPS of $0.97 falling short of the $1.85 consensus estimate.

Engineers Gate Manager LP purchased a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 27,136 shares of the real estate investment trust's stock, valued at approximately $3,350,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. California State Teachers Retirement System raised its holdings in Federal Realty Investment Trust by 11,573.0% during the second quarter. California State Teachers Retirement System now owns 11,168,728 shares of the real estate investment trust's stock worth $1,378,668,000 after purchasing an additional 11,073,048 shares in the last quarter. Norges Bank bought a new position in Federal Realty Investment Trust during the 4th quarter valued at $734,290,000. State Street Corp increased its position in shares of Federal Realty Investment Trust by 1.4% during the 3rd quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust's stock valued at $675,610,000 after purchasing an additional 90,127 shares during the period. Resolution Capital Ltd increased its position in shares of Federal Realty Investment Trust by 10.3% during the 1st quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust's stock valued at $387,090,000 after purchasing an additional 340,524 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Federal Realty Investment Trust by 2.7% in the 4th quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust's stock worth $275,466,000 after buying an additional 72,718 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FRT. Barclays raised their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an "equal weight" rating in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a "hold" rating to a "buy" rating and set a $135.00 price target on the stock in a research report on Friday, May 29th. Weiss Ratings lowered shares of Federal Realty Investment Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, September 1st. JPMorgan Chase & Co. raised their price objective on shares of Federal Realty Investment Trust from $124.00 to $129.00 and gave the company an "overweight" rating in a research report on Friday, September 4th. Finally, Mizuho set a $130.00 price objective on shares of Federal Realty Investment Trust and gave the stock an "outperform" rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $128.75.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $114.46 on Monday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.81 and a beta of 0.91. The stock's fifty day simple moving average is $120.15 and its 200 day simple moving average is $115.98. Federal Realty Investment Trust has a 52-week low of $90.03 and a 52-week high of $128.21.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its earnings results on Friday, July 31st. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.85 by ($0.88). Federal Realty Investment Trust had a return on equity of 13.65% and a net margin of 32.67%.The company had revenue of $335.71 million for the quarter, compared to analyst estimates of $331.92 million. During the same period last year, the firm earned $1.91 earnings per share. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. As a group, sell-side analysts forecast that Federal Realty Investment Trust will post 7.54 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, October 1st. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.13. Federal Realty Investment Trust's dividend payout ratio is presently 91.31%.

About Federal Realty Investment Trust

Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates, develops and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and properties that combine retail, dining, residential, office and other uses, with an emphasis on locations in affluent and densely populated communities.

The company's properties are concentrated in major metropolitan markets along the East Coast, in California and in South Florida.

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