45,084 Federal Realty Investment Trust $FRT Shares Sold by Vest Financial LLC

Key Points

• Vest Financial reduced its Federal Realty Investment Trust stake by 10.3%, selling 45,084 shares and retaining 391,868 shares valued at approximately $42.4 million. Institutional investors and hedge funds collectively own 93.86% of FRT.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $125.06, despite several recent target-price reductions. FRT shares opened at $105.77, below the consensus target.
• Federal Realty increased its quarterly dividend to $1.16 per share, or $4.64 annualized, implying a 4.4% yield; however, the REIT recently missed quarterly EPS estimates by $0.88.

Vest Financial LLC reduced its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 391,868 shares of the real estate investment trust's stock after selling 45,084 shares during the quarter. Vest Financial LLC owned 0.45% of Federal Realty Investment Trust worth $42,435,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FRT. Resolution Capital Ltd increased its holdings in Federal Realty Investment Trust by 10.3% in 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 last quarter. Dimensional Fund Advisors LP raised its position in Federal Realty Investment Trust by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,284,001 shares of the real estate investment trust's stock valued at $136,368,000 after purchasing an additional 53,109 shares during the period. Wellington Management Group LLP acquired a new position in Federal Realty Investment Trust during the second quarter worth $59,832,000. Bank of America Corp DE lifted its stake in Federal Realty Investment Trust by 90.2% during the first quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust's stock worth $54,114,000 after purchasing an additional 241,684 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Federal Realty Investment Trust by 0.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 438,553 shares of the real estate investment trust's stock worth $46,579,000 after purchasing an additional 2,535 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Nicole Lamb-Hale sold 1,500 shares of Federal Realty Investment Trust stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $108.89, for a total value of $163,335.00. Following the completion of the transaction, the director directly owned 4,613 shares in the company, valued at approximately $502,309.57. This trade represents a 24.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company lowered their price target on Federal Realty Investment Trust from $134.00 to $126.00 and set an "overweight" rating for the company in a research report on Monday, October 5th. Barclays cut their price objective on Federal Realty Investment Trust from $123.00 to $118.00 and set an "equal weight" rating on the stock in a report on Monday, September 28th. Truist Financial began coverage on Federal Realty Investment Trust in a report on Thursday, October 1st. They issued a "hold" rating and a $116.00 price objective on the stock. Evercore set a $123.00 target price on Federal Realty Investment Trust in a research note on Monday, September 21st. Finally, Wolfe Research assumed coverage on Federal Realty Investment Trust in a report on Wednesday, July 8th. They set an "outperform" rating and a $143.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $125.06.

Federal Realty Investment Trust Trading Down 0.7%

Shares of FRT stock opened at $105.77 on Thursday. Federal Realty Investment Trust has a fifty-two week low of $90.03 and a fifty-two week high of $128.21. The company has a 50 day moving average price of $112.15 and a 200 day moving average price of $116.35. The stock has a market capitalization of $9.14 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 2.66 and a beta of 0.93. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.70 and a current ratio of 1.70.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released 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 business had revenue of $335.71 million for the quarter, compared to analyst estimates of $331.92 million. During the same quarter last year, the company earned $1.91 earnings per share. Federal Realty Investment Trust's quarterly revenue was up 7.8% compared to the same quarter last year. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. Equities research analysts predict that Federal Realty Investment Trust will post 7.54 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were paid a $1.16 dividend. The ex-dividend date was Thursday, October 1st. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.13. This represents a $4.64 annualized dividend and a dividend yield of 4.4%. Federal Realty Investment Trust's payout ratio is 93.74%.

About Federal Realty Investment Trust

Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates and redevelops high-quality retail and mixed-use properties. Its portfolio includes shopping centers, street retail, and mixed-use developments that combine retail, residential, office and hospitality uses.

The company focuses on densely populated, affluent communities and prominent locations in major metropolitan markets. Its properties are concentrated in regions including the Northeast, Mid-Atlantic, California and South Florida, and are leased to a broad range of retailers, restaurants, service providers and other commercial tenants.

Founded in 1962, Federal Realty has developed and managed properties designed to serve both local communities and national retailers.

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