Janney Montgomery Scott LLC Has $11.50 Million Holdings in Federal Realty Investment Trust $FRT

Key Points

• Janney Montgomery Scott LLC holds $11.50 million in Federal Realty Investment Trust after a 3% reduction in its shares during the second quarter, now owning 121,052 shares.
• Federal Realty Investment Trust recently announced an increase in its quarterly dividend from $1.10 to $1.13 per share, representing an annualized dividend yield of 4.5%.
• In terms of stock ratings, the consensus target price for Federal Realty Investment Trust is set at $109.31, with one analyst placing a Strong Buy rating and others predominantly rating it as a Buy or Hold.

Janney Montgomery Scott LLC decreased its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,052 shares of the real estate investment trust's stock after selling 3,803 shares during the period. Janney Montgomery Scott LLC owned about 0.14% of Federal Realty Investment Trust worth $11,499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Versant Capital Management Inc lifted its holdings in Federal Realty Investment Trust by 82.3% during the 1st 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 during the last quarter. GKV Capital Management Co. Inc. acquired a new position in shares of Federal Realty Investment Trust in the first quarter valued at $30,000. Federated Hermes Inc. raised its position in shares of Federal Realty Investment Trust by 143.9% in 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 during the period. Dagco Inc. acquired a new stake in shares of Federal Realty Investment Trust during the 1st quarter worth about $34,000. Finally, CX Institutional bought a new stake in shares of Federal Realty Investment Trust during the 1st quarter worth about $44,000. 93.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barclays lowered their price target on shares of Federal Realty Investment Trust from $106.00 to $105.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. Scotiabank lifted their price target on Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. UBS Group reduced their price target on 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. Wall Street Zen upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, JPMorgan Chase & Co. lifted their target price 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $109.31.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $99.43 on Friday. The firm's fifty day moving average price is $97.62 and its two-hundred day moving average price is $95.67. The stock has a market cap of $8.58 billion, a PE ratio of 25.17, a PEG ratio of 3.78 and a beta of 1.15. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.09. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14.

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 for the quarter, topping 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 company's revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.69 earnings per share. On average, equities analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This is a boost 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 4.5%. Federal Realty Investment Trust's payout ratio is presently 114.43%.

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.

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.