Curi RMB Capital LLC Boosts Position in Federal Realty Investment Trust $FRT

Key Points

• Curi RMB Capital LLC increased its holdings in Federal Realty Investment Trust by 56.0% during the 1st quarter, now owning approximately 0.25% of the company valued at $21.24 million.
• The firm announced a quarterly dividend increase to $1.13 per share, up from $1.10, marking a 4.5% dividend yield and reflecting a payout ratio of 111.39%.
• Federal Realty Investment Trust's earnings per share reached $1.91 for the last quarter, surpassing analyst estimates by $0.18, although revenue was slightly below expectations at $302.48 million.

Curi RMB Capital LLC increased its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 56.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,143 shares of the real estate investment trust's stock after purchasing an additional 77,905 shares during the period. Curi RMB Capital LLC owned approximately 0.25% of Federal Realty Investment Trust worth $21,241,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Versant Capital Management Inc raised its position in Federal Realty Investment Trust by 82.3% in the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 130 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in Federal Realty Investment Trust in the 4th quarter valued at $30,000. GKV Capital Management Co. Inc. purchased a new stake in Federal Realty Investment Trust in the 1st quarter valued at $30,000. Federated Hermes Inc. raised its position in Federal Realty Investment Trust by 143.9% in the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 200 shares during the last quarter. Finally, Dagco Inc. purchased a new stake in Federal Realty Investment Trust in the 1st quarter valued at $34,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Price Performance

NYSE:FRT traded down $1.00 during mid-day trading on Monday, reaching $101.68. The stock had a trading volume of 774,300 shares, compared to its average volume of 783,011. The firm has a 50 day moving average price of $95.46 and a two-hundred day moving average price of $95.76. The stock has a market capitalization of $8.77 billion, a P/E ratio of 25.74, a P/E/G ratio of 3.92 and a beta of 1.16. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.18. The company had revenue of $302.48 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.69 EPS. As a group, analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a $1.13 dividend. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.4%. Federal Realty Investment Trust's payout ratio is presently 111.39%.

Analyst Ratings Changes

A number of research firms recently commented on FRT. Wall Street Zen raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Barclays decreased their price objective on Federal Realty Investment Trust from $106.00 to $105.00 and set an "overweight" rating for the company in a report on Wednesday, August 27th. Piper Sandler decreased their price objective on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Finally, Mizuho raised their target price on Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $110.79.

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.