Blair William & Co. IL Makes New $355,000 Investment in Federal Realty Investment Trust $FRT

Key Points

• Blair William & Co. IL has made a new investment of approximately $355,000 in Federal Realty Investment Trust by acquiring 3,733 shares in the second quarter.
• Federal Realty Investment Trust recently reported an EPS of $1.91 for the last quarter, exceeding expectations, and had a revenue of $302.48 million, showing a 5.2% increase year-over-year.
• The company announced a quarterly dividend of $1.13 per share, increasing from its previous dividend of $1.10, resulting in a 4.6% yield.

Blair William & Co. IL bought a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,733 shares of the real estate investment trust's stock, valued at approximately $355,000.

A number of other large investors have also added to or reduced their stakes in the stock. MSH Capital Advisors LLC bought a new stake in Federal Realty Investment Trust in the 2nd quarter worth approximately $632,000. Lokken Investment Group LLC grew its position in Federal Realty Investment Trust by 7.5% in the 2nd quarter. Lokken Investment Group LLC now owns 12,975 shares of the real estate investment trust's stock worth $1,232,000 after purchasing an additional 910 shares during the period. Armstrong Fleming & Moore Inc bought a new stake in Federal Realty Investment Trust in the 2nd quarter worth approximately $203,000. Castle Rock Wealth Management LLC bought a new stake in Federal Realty Investment Trust in the 2nd quarter worth approximately $1,750,000. Finally, Abel Hall LLC bought a new stake in shares of Federal Realty Investment Trust during the 2nd quarter valued at $392,000. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Up 1.0%

Shares of FRT stock opened at $99.03 on Friday. The stock has a market cap of $8.54 billion, a P/E ratio of 25.07, a PEG ratio of 3.95 and a beta of 1.15. 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 company's fifty day simple moving average is $98.62 and its two-hundred day simple moving average is $95.70.

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 EPS for the quarter, topping the consensus estimate of $1.73 by $0.18. The business had revenue of $302.48 million for the quarter, compared to analysts' expectations of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The business's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.69 EPS. Analysts predict that Federal Realty Investment Trust will post 7.15 EPS 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 given a dividend of $1.13 per share. The ex-dividend date was Wednesday, October 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.6%. This is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's dividend payout ratio is currently 114.43%.

Analysts Set New Price Targets

FRT has been the subject of a number of recent research reports. Scotiabank boosted their price objective on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Evercore ISI cut their price objective on shares of Federal Realty Investment Trust from $107.00 to $106.00 and set an "in-line" rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft set a $105.00 price objective on shares of Federal Realty Investment Trust and gave the company a "hold" rating in a research report on Tuesday, October 7th. Barclays boosted 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 research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday, August 27th. One 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $109.50.

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.

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.