W.H. Cornerstone Investments Inc. Has $859,000 Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Key Points

• W.H. Cornerstone Investments Inc. increased its holdings in Federal Realty Investment Trust by 60.5% during the first quarter, owning 8,782 shares worth approximately $859,000.
• Federal Realty Investment Trust reported earnings of $1.70 per share for the most recent quarter, exceeding analysts' expectations of $1.69.
• The company announced a quarterly dividend of $1.10 per share, translating to an annual yield of 4.9% with a payout ratio of 126.07%.

W.H. Cornerstone Investments Inc. raised its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 60.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,782 shares of the real estate investment trust's stock after buying an additional 3,309 shares during the quarter. W.H. Cornerstone Investments Inc.'s holdings in Federal Realty Investment Trust were worth $859,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in shares of Federal Realty Investment Trust by 41.4% during the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock worth $341,833,000 after purchasing an additional 893,258 shares in the last quarter. Northern Trust Corp boosted its position in shares of Federal Realty Investment Trust by 73.4% during the 4th quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust's stock valued at $138,231,000 after acquiring an additional 522,531 shares in the last quarter. Resolution Capital Ltd increased its stake in Federal Realty Investment Trust by 12.4% in the fourth quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock valued at $394,417,000 after acquiring an additional 389,266 shares during the period. Alyeska Investment Group L.P. acquired a new position in Federal Realty Investment Trust in the fourth quarter worth about $40,641,000. Finally, Balyasny Asset Management L.P. lifted its stake in Federal Realty Investment Trust by 225.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 428,981 shares of the real estate investment trust's stock worth $48,024,000 after purchasing an additional 297,227 shares during the period. 93.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on FRT. Raymond James Financial lowered their price objective on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Evercore ISI dropped their price objective on Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating for the company in a research note on Friday. Scotiabank restated an "outperform" rating on shares of Federal Realty Investment Trust in a research note on Wednesday, May 21st. Wall Street Zen raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Mizuho decreased their price objective on shares of Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $110.14.

Federal Realty Investment Trust Trading Down 1.0%

Federal Realty Investment Trust stock traded down $0.94 during mid-day trading on Friday, hitting $91.43. The stock had a trading volume of 578,396 shares, compared to its average volume of 787,992. The stock has a 50-day simple moving average of $94.78 and a two-hundred day simple moving average of $97.46. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $7.84 billion, a PE ratio of 23.17, a P/E/G ratio of 3.72 and a beta of 1.14. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.18. The company had revenue of $302.48 million for 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 11.27%. The company's revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.69 EPS. As a group, sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 EPS 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. Stockholders of record on Wednesday, October 1st will be paid a $1.13 dividend. This is a boost 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 dividend yield of 4.9%. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 111.39%.

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.