Fox Run Management L.L.C. Buys Shares of 12,257 Federal Realty Investment Trust $FRT

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Federal Realty Investment Trust (NYSE:FRT), purchasing 12,257 shares valued at approximately $1,199,000 in the first quarter of the year.
• The company recently reported quarterly earnings of $1.91 per share, exceeding analysts' estimates by $0.18, although revenue for the quarter was slightly below expectations.
• Federal Realty Investment Trust announced an increase in its quarterly dividend to $1.13 per share, with a 4.8% yield, reflecting growth from the previous dividend of $1.10.

Fox Run Management L.L.C. acquired a new stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,257 shares of the real estate investment trust's stock, valued at approximately $1,199,000.

A number of other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc boosted its position in Federal Realty Investment Trust by 82.3% in the first 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. Exchange Traded Concepts LLC raised its position in Federal Realty Investment Trust by 18.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 845 shares of the real estate investment trust's stock worth $83,000 after buying an additional 130 shares during the last quarter. Ethic Inc. lifted its stake in Federal Realty Investment Trust by 2.3% during the 4th quarter. Ethic Inc. now owns 6,426 shares of the real estate investment trust's stock valued at $719,000 after acquiring an additional 145 shares during the period. Amalgamated Bank boosted its holdings in shares of Federal Realty Investment Trust by 1.0% in the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock valued at $1,495,000 after acquiring an additional 146 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Federal Realty Investment Trust by 5.6% in the first quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust's stock worth $278,000 after acquiring an additional 151 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock traded down $0.2960 on Wednesday, reaching $96.4040. The company's stock had a trading volume of 596,788 shares, compared to its average volume of 979,506. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $8.32 billion, a P/E ratio of 24.41, a PEG ratio of 3.70 and a beta of 1.14. The stock has a 50-day moving average price of $94.41 and a 200-day moving average price of $96.63. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly 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 firm had revenue of $302.48 million for the quarter, compared to analysts' expectations of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.69 EPS. Analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $1.13 per share. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, October 1st. Federal Realty Investment Trust's dividend payout ratio is presently 111.39%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FRT shares. Raymond James Financial decreased their target price on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Piper Sandler reduced their price objective on 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. 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. JPMorgan Chase & Co. downgraded Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 target price on the stock. in a research note on Monday, June 23rd. Finally, Barclays initiated coverage on Federal Realty Investment Trust in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $106.00 price target for the company. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $110.43.

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.