Charles Schwab Investment Management Inc. Raises Position in Federal Realty Investment Trust (NYSE:FRT)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Federal Realty Investment Trust by 1.4% in the first quarter, owning 1.52% of the company valued at approximately $127.4 million.
• Federal Realty recently declared a quarterly dividend of $1.13, up from the previous $1.10, reflecting an annualized dividend yield of 4.9%.
• The company's latest earnings report revealed an EPS of $1.91, surpassing analysts' expectations, with revenues of $302.48 million for the quarter.

Charles Schwab Investment Management Inc. boosted its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 1.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,302,823 shares of the real estate investment trust's stock after buying an additional 17,634 shares during the period. Charles Schwab Investment Management Inc. owned 1.52% of Federal Realty Investment Trust worth $127,442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc grew its holdings in 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 worth $28,000 after purchasing an additional 130 shares during the period. Park Square Financial Group LLC purchased a new stake in Federal Realty Investment Trust in the fourth quarter worth about $30,000. Federated Hermes Inc. grew its holdings in Federal Realty Investment Trust by 143.9% in the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 200 shares during the period. CX Institutional purchased a new stake in Federal Realty Investment Trust in the first quarter worth about $44,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Federal Realty Investment Trust in the fourth quarter worth about $51,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FRT. JPMorgan Chase & Co. cut shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price objective on the stock. in a report on Monday, June 23rd. UBS Group cut their price target 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. Barclays assumed coverage on Federal Realty Investment Trust in a research report on Wednesday, July 2nd. They issued an "overweight" rating and a $106.00 price objective on the stock. Mizuho lowered their price objective on Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Finally, Evercore ISI lowered their price objective on Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $110.14.

Federal Realty Investment Trust Stock Performance

FRT stock traded up $0.13 on Friday, hitting $93.86. The company had a trading volume of 1,840,872 shares, compared to its average volume of 890,010. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. 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 stock's 50-day simple moving average is $94.49 and its 200 day simple moving average is $96.89. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 3.72 and a beta of 1.14.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share 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 company's revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.69 EPS. As a group, equities research analysts expect 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. Stockholders of record on Wednesday, October 1st will be paid a dividend of $1.13 per share. The ex-dividend date is Wednesday, October 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.8%. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's dividend payout ratio is 111.39%.

Federal Realty Investment Trust Company 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.