Dimensional Fund Advisors LP Purchases 3,419 Shares of Federal Realty Investment Trust $FRT

Key Points

• Dimensional Fund Advisors LP raised its stake in Federal Realty Investment Trust to approximately $114.37 million, owning 1.36% of the company's shares after acquiring 3,419 additional shares in the first quarter.
• Federal Realty Investment Trust recently declared an increased quarterly dividend of $1.13 per share, with a current dividend yield of 4.5%, up from $1.10 per share previously.
• The company reported earnings per share (EPS) of $1.91 for the last quarter, exceeding analysts' expectations and reflecting a year-over-year revenue growth of 5.2%.

Dimensional Fund Advisors LP increased its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 0.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,169,217 shares of the real estate investment trust's stock after acquiring an additional 3,419 shares during the period. Dimensional Fund Advisors LP owned about 1.36% of Federal Realty Investment Trust worth $114,370,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FRT. Versant Capital Management Inc raised its holdings 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 worth $28,000 after acquiring an additional 130 shares during the last quarter. Park Square Financial Group LLC purchased a new position in Federal Realty Investment Trust in the 4th quarter worth approximately $30,000. GKV Capital Management Co. Inc. purchased a new position in Federal Realty Investment Trust in the 1st quarter worth approximately $30,000. Federated Hermes Inc. raised its stake in Federal Realty Investment Trust by 143.9% during 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 during the 1st quarter valued at $34,000. 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. Wells Fargo & Company boosted their target price on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday. UBS Group decreased their target price on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. BMO Capital Markets reiterated an "outperform" rating and set a $110.00 target price on shares of Federal Realty Investment Trust in a research note on Monday, May 26th. Mizuho boosted their target price on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Finally, Piper Sandler decreased their target price on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $110.79.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock traded down $0.41 during mid-day trading on Thursday, reaching $99.88. 477,770 shares of the company's stock traded hands, compared to its average volume of 941,394. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34. The firm has a 50 day moving average price of $94.81 and a two-hundred day moving average price of $96.19. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market capitalization of $8.62 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 3.83 and a beta of 1.14.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.18. The firm had revenue of $302.48 million during the quarter, compared to the consensus estimate 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 for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.69 EPS. On average, research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $4.52 annualized dividend and a yield of 4.5%. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's payout ratio is currently 111.39%.

Federal Realty Investment Trust 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.