Corient Private Wealth LP Buys 12,013 Shares of Federal Realty Investment Trust $FRT

Key Points

• Corient Private Wealth LP increased its Federal Realty Investment Trust stake by 66.7% in the second quarter, buying 12,013 shares and bringing its holdings to 30,027 shares valued at approximately $3.7 million.
• Federal Realty reported quarterly revenue of $335.7 million, up 7.8% year over year, but earnings per share of $0.97 fell well short of the $1.85 analyst consensus. The company’s shares opened at $110.97, below the analyst average price target of $128.62.
• The REIT raised its quarterly dividend from $1.13 to $1.16 per share, equivalent to an annualized $4.64 payout and a 4.2% yield.

Corient Private Wealth LP grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 66.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,027 shares of the real estate investment trust's stock after buying an additional 12,013 shares during the quarter. Corient Private Wealth LP's holdings in Federal Realty Investment Trust were worth $3,707,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $734,290,000. Wellington Management Group LLP purchased a new stake in shares of Federal Realty Investment Trust in the 2nd quarter valued at $59,832,000. Resolution Capital Ltd grew its holdings in shares of Federal Realty Investment Trust by 10.3% during the 1st quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust's stock valued at $387,090,000 after purchasing an additional 340,524 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Federal Realty Investment Trust by 693.9% during the 1st quarter. First Trust Advisors LP now owns 382,058 shares of the real estate investment trust's stock valued at $40,578,000 after purchasing an additional 333,931 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Federal Realty Investment Trust by 90.2% in the 1st quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust's stock worth $54,114,000 after purchasing an additional 241,684 shares during the period. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $110.97 on Monday. The company has a market cap of $9.59 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.73 and a beta of 0.91. The company has a 50-day moving average price of $119.33 and a 200-day moving average price of $116.12. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.46. Federal Realty Investment Trust has a 12 month low of $90.03 and a 12 month high of $128.21.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.85 by ($0.88). Federal Realty Investment Trust had a net margin of 32.67% and a return on equity of 13.65%. The business had revenue of $335.71 million for the quarter, compared to analysts' expectations of $331.92 million. During the same quarter in the prior year, the firm earned $1.91 EPS. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. As a group, equities analysts anticipate that Federal Realty Investment Trust will post 7.54 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.13. This represents a $4.64 dividend on an annualized basis and a yield of 4.2%. Federal Realty Investment Trust's payout ratio is currently 91.31%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FRT shares. Piper Sandler boosted their price target on shares of Federal Realty Investment Trust from $127.00 to $149.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Truist Financial raised their price objective on Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a "hold" rating in a research note on Friday, June 5th. Bank of America lifted their price objective on Federal Realty Investment Trust from $128.00 to $131.00 and gave the stock a "buy" rating in a report on Monday, June 29th. Jefferies Financial Group raised Federal Realty Investment Trust to a "strong-buy" rating in a research note on Friday, June 26th. Finally, Evercore set a $122.00 target price on Federal Realty Investment Trust in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and an average price target of $128.62.

Federal Realty Investment Trust Profile

Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates, develops and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and properties that combine retail, dining, residential, office and other uses, with an emphasis on locations in affluent and densely populated communities.

The company's properties are concentrated in major metropolitan markets along the East Coast, in California and in South Florida.

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