AR Asset Management Inc. Purchases New Position in Federal Realty Investment Trust $FRT

Key Points

• AR Asset Management Inc. has acquired 7,000 shares of Federal Realty Investment Trust, valued at approximately $685,000, during the first quarter.
• A recent dividend announcement from Federal Realty Investment Trust indicates an increase to $1.13 per share, up from a prior dividend of $1.10, with a dividend yield of 4.8%.
• The company has received mixed ratings from analysts, with some maintaining an "outperform" rating, while others have set lower target prices for its stocks.

AR Asset Management Inc. acquired 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 filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,000 shares of the real estate investment trust's stock, valued at approximately $685,000.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in shares of Federal Realty Investment Trust by 82.3% during 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 period. Park Square Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at about $30,000. GKV Capital Management Co. Inc. acquired a new position in shares of Federal Realty Investment Trust during the first quarter valued at about $30,000. Federated Hermes Inc. raised 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 valued at $33,000 after purchasing an additional 200 shares during the period. Finally, Dagco Inc. acquired a new position in shares of Federal Realty Investment Trust during the first quarter valued at about $34,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets restated an "outperform" rating and issued a $110.00 target price on shares of Federal Realty Investment Trust in a report on Monday, May 26th. JPMorgan Chase & Co. lowered shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 target price on the stock. in a report on Monday, June 23rd. Wall Street Zen upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Piper Sandler lowered their target price on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Finally, UBS Group lowered their target price on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating on the stock in a report on Monday, June 16th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.43.

Federal Realty Investment Trust Stock Down 0.3%

FRT stock traded down $0.2960 during trading on Wednesday, reaching $96.4040. The stock had a trading volume of 400,105 shares, compared to its average volume of 793,231. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. 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 company's 50 day moving average is $94.41 and its two-hundred day moving average is $96.63. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 3.74 and a beta of 1.14.

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 earnings per share (EPS) for the quarter, topping 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 business had revenue of $302.48 million during the quarter, compared to the consensus estimate of $309.25 million. During the same period in the prior year, the firm posted $1.69 EPS. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts forecast 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. Stockholders of record on Wednesday, October 1st will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.7%. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's payout ratio is currently 111.39%.

About Federal Realty Investment Trust

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.