9,624 Shares in Federal Realty Investment Trust $FRT Purchased by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC has acquired 9,624 shares of Federal Realty Investment Trust, valued at approximately $941,000, marking a new position for the firm.
• Federal Realty Investment Trust recently reported earnings of $1.91 per share for the quarter, beating estimates and showing a 5.2% year-over-year revenue increase to $302.48 million.
• The company has increased its quarterly dividend to $1.13 per share, reflecting a 4.5% dividend yield, with a payout ratio of 111.39%.

Magnetar Financial LLC purchased a new stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,624 shares of the real estate investment trust's stock, valued at approximately $941,000.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc increased its stake in Federal Realty Investment Trust by 82.3% in the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock worth $28,000 after buying an additional 130 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth about $30,000. GKV Capital Management Co. Inc. bought a new stake in Federal Realty Investment Trust during the 1st quarter valued at approximately $30,000. Federated Hermes Inc. lifted its holdings in Federal Realty Investment Trust by 143.9% in the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Finally, Dagco Inc. purchased a new position in Federal Realty Investment Trust in the 1st quarter worth approximately $34,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Trading Up 0.8%

Shares of FRT stock traded up $0.78 on Thursday, reaching $100.85. 184,932 shares of the company's stock were exchanged, compared to its average volume of 782,697. The company's fifty day simple moving average is $95.18 and its 200 day simple moving average is $95.93. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. 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 stock has a market capitalization of $8.70 billion, a PE ratio of 25.51, a P/E/G ratio of 3.84 and a beta of 1.16.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.18. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The company had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. During the same quarter last year, the business posted $1.69 EPS. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.5%. This is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, October 1st. Federal Realty Investment Trust's payout ratio is 111.39%.

Analyst Ratings Changes

FRT has been the topic of several research analyst reports. Mizuho boosted their price target on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. BMO Capital Markets reiterated an "outperform" rating and issued a $110.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Raymond James Financial dropped their price target on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. UBS Group reduced their price objective on Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Finally, Wall Street Zen raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $110.79.

Federal Realty Investment Trust Company 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.