Contravisory Investment Management Inc. Buys 8,947 Shares of Federal Realty Investment Trust $FRT

Key Points

• Contravisory Investment Management increased its Federal Realty Investment Trust stake by 1,175.7%, purchasing 8,947 additional shares for a total holding valued at approximately $1.2 million. Institutional investors collectively own 93.86% of FRT.
• Analysts maintain a positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $128.25; several firms recently upgraded the stock or raised their targets.
• Federal Realty raised its quarterly dividend to $1.16 per share, equivalent to a 3.9% annual yield. The company reported quarterly revenue above estimates but missed consensus earnings expectations, posting $0.97 EPS versus $1.85 expected.

Contravisory Investment Management Inc. grew its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 1,175.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,708 shares of the real estate investment trust's stock after purchasing an additional 8,947 shares during the period. Contravisory Investment Management Inc.'s holdings in Federal Realty Investment Trust were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Everpar Advisors LLC acquired a new position in Federal Realty Investment Trust during the 2nd quarter worth approximately $201,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Federal Realty Investment Trust by 11.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,353 shares of the real estate investment trust's stock valued at $414,000 after buying an additional 342 shares in the last quarter. Czech National Bank grew its stake in shares of Federal Realty Investment Trust by 4.7% during the second quarter. Czech National Bank now owns 22,377 shares of the real estate investment trust's stock worth $2,762,000 after buying an additional 995 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Federal Realty Investment Trust by 8.0% during the second quarter. GAMMA Investing LLC now owns 5,051 shares of the real estate investment trust's stock worth $623,000 after buying an additional 373 shares during the last quarter. Finally, Harbor Investment Advisory LLC acquired a new position in shares of Federal Realty Investment Trust during the second quarter worth $123,000. 93.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FRT has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on Federal Realty Investment Trust from $129.00 to $134.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Jefferies Financial Group upgraded Federal Realty Investment Trust to a "strong-buy" rating in a research report on Friday, June 26th. JPMorgan Chase & Co. lifted their price target on Federal Realty Investment Trust from $115.00 to $124.00 and gave the company an "overweight" rating in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a "hold" rating to a "buy" rating and set a $135.00 price target on the stock in a report on Friday, May 29th. Finally, Wolfe Research initiated coverage on Federal Realty Investment Trust in a research note on Wednesday, July 8th. They issued an "outperform" rating and a $143.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $128.25.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $118.44 on Monday. Federal Realty Investment Trust has a 1 year low of $90.03 and a 1 year high of $128.21. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.70 and a quick ratio of 1.70. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 23.93 and a beta of 0.93. The business has a 50-day moving average of $122.89 and a 200-day moving average of $113.67.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.85 by ($0.88). The company had revenue of $338.39 million during the quarter, compared to analyst estimates of $331.92 million. Federal Realty Investment Trust had a return on equity of 13.65% and a net margin of 32.67%.Federal Realty Investment Trust's revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.91 earnings per share. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. As a group, equities research analysts anticipate that Federal Realty Investment Trust will post 7.53 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a $1.16 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.13. Federal Realty Investment Trust's payout ratio is currently 93.74%.

About Federal Realty Investment Trust

Federal Realty Investment Trust NYSE: FRT is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty's portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.

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