AlphaQuest LLC Has $1.28 Million Stock Position in Federal Realty Investment Trust $FRT

Key Points

• AlphaQuest LLC reduced its stake in Federal Realty Investment Trust by 47.7%, holding 13,444 shares worth approximately $1.28 million after selling 12,275 shares in the second quarter.
• Federal Realty Investment Trust reported $1.91 earnings per share for its last quarter, exceeding expectations, and announced a dividend increase to $1.13 per share, with a yield of 4.5%.
• The stock has a market cap of $8.75 billion, with a 52-week stock price range between $80.65 and $118.09, reflecting its stable presence in the market.

AlphaQuest LLC lessened its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 47.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,444 shares of the real estate investment trust's stock after selling 12,275 shares during the period. AlphaQuest LLC's holdings in Federal Realty Investment Trust were worth $1,277,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Federal Realty Investment Trust by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,302,823 shares of the real estate investment trust's stock worth $127,442,000 after purchasing an additional 17,634 shares during the last quarter. Northern Trust Corp increased its holdings in Federal Realty Investment Trust by 3.6% in the first quarter. Northern Trust Corp now owns 1,279,688 shares of the real estate investment trust's stock worth $125,179,000 after purchasing an additional 44,935 shares in the last quarter. PGGM Investments lifted its stake in Federal Realty Investment Trust by 23.7% in the second quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust's stock valued at $118,295,000 after buying an additional 238,679 shares during the period. Centersquare Investment Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 16.2% during the 1st quarter. Centersquare Investment Management LLC now owns 1,211,041 shares of the real estate investment trust's stock worth $118,464,000 after buying an additional 169,025 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Federal Realty Investment Trust by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,169,217 shares of the real estate investment trust's stock worth $114,370,000 after buying an additional 3,419 shares during the period. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $101.39 on Friday. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.09. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. The business has a 50 day moving average price of $99.35 and a 200-day moving average price of $96.15. The company has a market cap of $8.75 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 4.01 and a beta of 1.15.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly 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 business had revenue of $302.48 million during the quarter, compared to the consensus estimate of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.Federal Realty Investment Trust's revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.69 earnings per share. Equities analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Wednesday, October 1st. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 114.43%.

Analyst Ratings Changes

A number of research analysts recently issued reports on FRT shares. Wall Street Zen upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Barclays upped their price objective on shares of Federal Realty Investment Trust from $112.00 to $113.00 and gave the company an "overweight" rating in a report on Thursday, October 16th. Mizuho raised their target price on Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft set a $105.00 target price on Federal Realty Investment Trust and gave the company a "hold" rating in a research report on Tuesday, October 7th. Finally, LADENBURG THALM/SH SH raised Federal Realty Investment Trust to a "strong-buy" rating in a research note on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Federal Realty Investment Trust has an average rating of "Moderate Buy" and a consensus price target of $109.29.

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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