Federal Realty Investment Trust $FRT Stock: Fisher Asset Management LLC Raises Stake

Key Points

• Fisher Asset Management raised its Federal Realty stake by 265.5% in the third quarter, to 370,265 shares valued at about $40.1 million. Institutional investors own 93.86% of the stock.
• Federal Realty reported quarterly EPS of $0.74, missing the $1.85 consensus estimate, while revenue of $339 million topped forecasts and grew 5.2% year over year.
• The REIT declared a quarterly dividend of $1.16 per share, or $4.64 annualized, representing a 4.1% yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $124.69.

Fisher Asset Management LLC increased its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 265.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 370,265 shares of the real estate investment trust's stock after purchasing an additional 268,975 shares during the quarter. Fisher Asset Management LLC owned 0.43% of Federal Realty Investment Trust worth $40,096,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in shares of Federal Realty Investment Trust in the 3rd quarter worth $40,000. MassMutual Private Wealth & Trust FSB boosted its position in Federal Realty Investment Trust by 64.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 370 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 145 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in Federal Realty Investment Trust in the second quarter worth about $123,000. Pension & Wealth Management Advisors Inc. grew its stake in shares of Federal Realty Investment Trust by 12.4% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 1,045 shares of the real estate investment trust's stock valued at $113,000 after purchasing an additional 115 shares during the period. Finally, Pflug Koory LLC grew its stake in shares of Federal Realty Investment Trust by 122.9% during the 3rd quarter. Pflug Koory LLC now owns 1,059 shares of the real estate investment trust's stock valued at $115,000 after purchasing an additional 584 shares during the period. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

NYSE:FRT traded up $0.34 on Friday, reaching $112.87. 797,348 shares of the company's stock traded hands, compared to its average volume of 952,938. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.55. The stock has a 50-day simple moving average of $110.14 and a 200-day simple moving average of $113.46. The firm has a market cap of $9.71 billion, a PE ratio of 22.57, a P/E/G ratio of 2.83 and a beta of 0.94. Federal Realty Investment Trust has a 12 month low of $95.14 and a 12 month high of $128.21.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $1.85 by ($1.11). The business had revenue of $339.02 million during the quarter, compared to the consensus estimate of $336.57 million. Federal Realty Investment Trust had a return on equity of 13.76% and a net margin of 32.60%. The business's revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $1.77 EPS. Equities research analysts forecast that Federal Realty Investment Trust will post 7.56 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, January 4th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, January 4th. Federal Realty Investment Trust's dividend payout ratio (DPR) is 92.80%.

Analyst Ratings Changes

Several research analysts have weighed in on FRT shares. Piper Sandler increased their price target on shares of Federal Realty Investment Trust from $131.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, November 2nd. Barclays cut their price objective on shares of Federal Realty Investment Trust from $123.00 to $118.00 and set an "equal weight" rating for the company in a research report on Monday, September 28th. Evercore set a $123.00 price objective on Federal Realty Investment Trust in a research note on Monday, September 21st. Weiss Ratings cut Federal Realty Investment Trust from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, September 1st. Finally, Mizuho decreased their target price on Federal Realty Investment Trust from $130.00 to $117.00 and set an "outperform" rating on the stock in a report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $124.69.

Insider Activity

In other news, Director Nicole Lamb-Hale sold 1,500 shares of the business's stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $108.89, for a total value of $163,335.00. Following the transaction, the director owned 4,613 shares of the company's stock, valued at approximately $502,309.57. The trade was a 24.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is a real estate investment trust that owns, operates, and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and destination-style properties that combine retail, restaurants, entertainment, and, in some locations, residential and office space. The company focuses on established, densely populated communities, primarily in the Northeast, Mid-Atlantic, California, and South Florida. Its properties serve shoppers, residents, and businesses through a mix of national and local retailers, dining options, and other services.

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