AlphaQuest LLC Purchases 24,554 Shares of Federal Realty Investment Trust $FRT

Key Points

• AlphaQuest LLC dramatically increased its holdings in Federal Realty Investment Trust by 2,107.6% in the first quarter, acquiring 24,554 shares to reach a total of 25,719 shares, valued at approximately $2.5 million.
• The quarterly dividend for Federal Realty Investment Trust has been increased to $1.13, with a dividend yield of 4.7%, demonstrating the firm's commitment to returning value to shareholders.
• Federal Realty Investment Trust reported earning per share (EPS) of $1.91 for the latest quarter, surpassing the consensus estimate, while also indicating a year-over-year revenue increase of 5.2% despite slightly missing revenue expectations.

AlphaQuest LLC raised its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 2,107.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,719 shares of the real estate investment trust's stock after buying an additional 24,554 shares during the period. AlphaQuest LLC's holdings in Federal Realty Investment Trust were worth $2,516,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in shares of Federal Realty Investment Trust by 82.3% in the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 130 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter worth $30,000. GKV Capital Management Co. Inc. acquired a new position in shares of Federal Realty Investment Trust during the first quarter worth $30,000. Federated Hermes Inc. increased its holdings in shares of Federal Realty Investment Trust by 143.9% during the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust's stock worth $33,000 after buying an additional 200 shares in the last quarter. Finally, Dagco Inc. acquired a new position in shares of Federal Realty Investment Trust during the first quarter worth $34,000. Institutional investors own 93.86% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FRT shares. Wall Street Zen raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Raymond James Financial dropped their price objective on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, May 26th. Scotiabank reissued an "outperform" rating on shares of Federal Realty Investment Trust in a research note on Wednesday, May 21st. Finally, Barclays assumed coverage on Federal Realty Investment Trust in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $106.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $110.79.

Federal Realty Investment Trust Stock Up 0.9%

FRT traded up $0.90 during midday trading on Wednesday, reaching $99.66. 168,226 shares of the company were exchanged, compared to its average volume of 786,584. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The company's fifty day moving average price is $94.63 and its 200 day moving average price is $96.23. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 3.79 and a beta of 1.14. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.18. The firm 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.69 EPS. As a group, analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced 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. This represents a $4.52 annualized dividend and a yield of 4.5%. This is a boost 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 dividend payout ratio (DPR) is presently 114.43%.

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.