FORA Capital LLC Buys New Shares in Federal Realty Investment Trust $FRT

Key Points

• FORA Capital LLC acquired 6,789 shares of Federal Realty Investment Trust valued at approximately $664,000 in the first quarter.
• The company announced an increase in its quarterly dividend to $1.13, up from $1.10, representing an annual yield of 4.5%.
• Federal Realty Investment Trust has received mixed analyst ratings, with eight giving a Buy rating and six a Hold rating, and an average target price of $110.71.

FORA Capital LLC purchased a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,789 shares of the real estate investment trust's stock, valued at approximately $664,000.

A number of other hedge funds also recently modified their holdings of FRT. First Trust Advisors LP raised its holdings in shares of Federal Realty Investment Trust by 18.9% in the 4th quarter. First Trust Advisors LP now owns 15,494 shares of the real estate investment trust's stock worth $1,734,000 after purchasing an additional 2,463 shares during the period. MML Investors Services LLC raised its holdings in Federal Realty Investment Trust by 8.2% during the 4th quarter. MML Investors Services LLC now owns 17,088 shares of the real estate investment trust's stock valued at $1,913,000 after acquiring an additional 1,296 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Federal Realty Investment Trust by 6.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 334,348 shares of the real estate investment trust's stock valued at $37,432,000 after acquiring an additional 19,529 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Federal Realty Investment Trust by 1.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 49,252 shares of the real estate investment trust's stock valued at $5,514,000 after acquiring an additional 730 shares during the period. Finally, Northern Trust Corp raised its holdings in Federal Realty Investment Trust by 73.4% during the 4th quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust's stock valued at $138,231,000 after acquiring an additional 522,531 shares during the period. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock opened at $99.12 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $8.55 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 3.84 and a beta of 1.16. The business's 50-day moving average price is $95.06 and its 200-day moving average price is $95.90. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, beating the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The firm had revenue of $302.48 million for the quarter, compared to analyst estimates of $309.25 million. During the same period in the prior year, the company earned $1.69 EPS. The company's revenue was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.6%. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's payout ratio is 111.39%.

Wall Street Analysts Forecast Growth

FRT has been the topic of a number of analyst reports. BMO Capital Markets reiterated an "outperform" rating and set a $110.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, May 26th. Scotiabank boosted their price objective on Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Wall Street Zen upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. JPMorgan Chase & Co. boosted their price objective on Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. Finally, Raymond James Financial cut their price target on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Federal Realty Investment Trust has a consensus rating of "Moderate Buy" and an average target price of $110.79.

Federal Realty Investment Trust Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.