IFM Investors Pty Ltd Trims Stake in Federal Realty Investment Trust $FRT

Key Points

• IFM Investors Pty Ltd reduced its holdings in Federal Realty Investment Trust by 12.8%, owning 17,084 shares worth $1,671,000 following the sale of 2,498 shares.
• The company's recent earnings report showed an EPS of $1.91, exceeding analyst estimates, with a revenue of $302.48 million, slightly below expectations.
• Federal Realty Investment Trust announced a quarterly dividend increase to $1.13 per share, resulting in a dividend yield of 4.4%, with a payout ratio currently at 111.39%.

IFM Investors Pty Ltd reduced its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 12.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,084 shares of the real estate investment trust's stock after selling 2,498 shares during the period. IFM Investors Pty Ltd's holdings in Federal Realty Investment Trust were worth $1,671,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FRT. Versant Capital Management Inc raised its position in Federal Realty Investment Trust by 82.3% during the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 130 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in Federal Realty Investment Trust during the fourth quarter valued at about $30,000. GKV Capital Management Co. Inc. purchased a new stake in Federal Realty Investment Trust during the first quarter valued at about $30,000. Federated Hermes Inc. raised its position in Federal Realty Investment Trust by 143.9% during the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Finally, Dagco Inc. purchased a new stake in Federal Realty Investment Trust during the first quarter valued at about $34,000. Hedge funds and other institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Trading Down 0.5%

Shares of NYSE FRT traded down $0.48 during trading hours on Monday, hitting $101.17. The company's stock had a trading volume of 655,317 shares, compared to its average volume of 592,525. 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 stock has a market cap of $8.73 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 3.88 and a beta of 1.16. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34. The business has a 50-day simple moving average of $96.21 and a 200-day simple moving average of $95.60.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The company had revenue of $302.48 million for the quarter, compared to analysts' expectations of $309.25 million. During the same period last year, the firm earned $1.69 earnings per share. Federal Realty Investment Trust's quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on FRT shares. Scotiabank raised their price target on Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. BMO Capital Markets reiterated an "outperform" rating and issued a $110.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, May 26th. JPMorgan Chase & Co. lifted their price objective on Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. Mizuho lifted their price objective on Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Finally, Piper Sandler decreased their price objective on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $109.31.

About Federal Realty Investment Trust

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.