Abel Hall LLC Takes $392,000 Position in Federal Realty Investment Trust $FRT

Key Points

• Abel Hall LLC has acquired a new stake in Federal Realty Investment Trust (NYSE:FRT), purchasing 4,126 shares valued at approximately $392,000 in the second quarter.
• The real estate investment trust reported $1.91 EPS for the last quarter, exceeding the consensus estimate of $1.73, with revenue of $302.48 million.
• Federal Realty Investment Trust increased its quarterly dividend to $1.13, representing a yield of 4.6% and a payout ratio of 114.43%.

Abel Hall LLC bought a new stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,126 shares of the real estate investment trust's stock, valued at approximately $392,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FRT. Wealth Enhancement Advisory Services LLC acquired a new stake in Federal Realty Investment Trust in the fourth quarter worth about $365,000. NBC Securities Inc. acquired a new stake in Federal Realty Investment Trust in the first quarter worth about $69,000. Yousif Capital Management LLC increased its position in Federal Realty Investment Trust by 4.1% in the first quarter. Yousif Capital Management LLC now owns 82,409 shares of the real estate investment trust's stock worth $8,061,000 after purchasing an additional 3,220 shares during the period. SG Americas Securities LLC increased its position in Federal Realty Investment Trust by 302.1% in the first quarter. SG Americas Securities LLC now owns 10,856 shares of the real estate investment trust's stock worth $1,062,000 after purchasing an additional 8,156 shares during the period. Finally, CX Institutional acquired a new stake in Federal Realty Investment Trust in the first quarter worth about $44,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $97.62 on Wednesday. The firm has a market capitalization of $8.42 billion, a P/E ratio of 24.71, a PEG ratio of 3.77 and a beta of 1.15. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.09. The business has a 50-day moving average of $97.79 and a 200-day moving average of $95.68. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.18. The company had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The company's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.69 EPS. On average, equities analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a $1.13 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.6%. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's payout ratio is presently 114.43%.

Wall Street Analysts Forecast Growth

FRT has been the subject of a number of research reports. LADENBURG THALM/SH SH upgraded Federal Realty Investment Trust to a "strong-buy" rating in a research report on Tuesday, September 9th. Wall Street Zen upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of Federal Realty Investment Trust in a research report on Saturday, September 27th. UBS Group lowered their price objective on Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating for the company in a research report on Monday, June 16th. Finally, Evercore ISI started coverage on Federal Realty Investment Trust in a research report on Tuesday. They set an "in-line" rating and a $105.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $109.36.

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.

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