Castle Rock Wealth Management LLC Makes New Investment in Federal Realty Investment Trust $FRT

Key Points

• Castle Rock Wealth Management LLC has acquired 18,435 shares of Federal Realty Investment Trust, representing a new investment worth approximately $1.75 million.
• Federal Realty Investment Trust recently declared an increased quarterly dividend of $1.13 per share, up from the previous $1.10, reflecting a 4.6% yield.
• The company's stock has seen a 1.1% decrease recently, with current trading levels around $97.62 and a market capitalization of approximately $8.42 billion.

Castle Rock Wealth Management LLC purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,435 shares of the real estate investment trust's stock, valued at approximately $1,750,000.

A number of other institutional investors also recently added to or reduced their stakes in FRT. Abel Hall LLC acquired a new stake in shares of Federal Realty Investment Trust in the second quarter valued at $392,000. KLP Kapitalforvaltning AS lifted its holdings in shares of Federal Realty Investment Trust by 11.4% in the second quarter. KLP Kapitalforvaltning AS now owns 16,600 shares of the real estate investment trust's stock valued at $1,577,000 after buying an additional 1,700 shares during the period. Vanderbilt University lifted its holdings in shares of Federal Realty Investment Trust by 4.0% in the second quarter. Vanderbilt University now owns 11,442 shares of the real estate investment trust's stock valued at $1,087,000 after buying an additional 441 shares during the period. Mattern Capital Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 2.4% in the second quarter. Mattern Capital Management LLC now owns 74,108 shares of the real estate investment trust's stock valued at $7,040,000 after buying an additional 1,740 shares during the period. Finally, Hilltop National Bank acquired a new stake in shares of Federal Realty Investment Trust in the second quarter valued at $28,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Down 1.1%

NYSE:FRT opened at $97.62 on Wednesday. The firm has a market capitalization of $8.42 billion, a price-to-earnings 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 company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. The business's fifty day moving average price is $97.79 and its 200 day moving average price is $95.68.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.18. The firm had revenue of $302.48 million for 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%.Federal Realty Investment Trust's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.69 earnings per share. On average, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $1.10. This represents a $4.52 annualized dividend and a yield of 4.6%. Federal Realty Investment Trust's payout ratio is presently 114.43%.

Analysts Set New Price Targets

FRT has been the subject of several research analyst reports. LADENBURG THALM/SH SH upgraded Federal Realty Investment Trust to a "strong-buy" rating in a report on Tuesday, September 9th. Wells Fargo & Company upped their target price on Federal Realty Investment Trust from $113.00 to $116.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Evercore ISI started coverage on Federal Realty Investment Trust in a report on Tuesday. They set an "in-line" rating and a $105.00 target price for the company. JPMorgan Chase & Co. upped their target price on Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th. Finally, Barclays upped their target price on Federal Realty Investment Trust from $105.00 to $112.00 and gave the company an "overweight" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $109.36.

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.

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