L & S Advisors Inc Invests $2.92 Million in Federal Realty Investment Trust (NYSE:FRT)

Key Points

• L & S Advisors Inc has acquired a new stake in Federal Realty Investment Trust, purchasing 29,824 shares valued at approximately $2.92 million in the first quarter.
• The company reported earnings of $1.70 per share for the last quarter, slightly surpassing analysts' expectations, with a revenue increase of 6.1% year-over-year.
• Federal Realty Investment Trust declared a quarterly dividend of $1.10 per share, resulting in an annualized yield of 4.9%, although it has a payout ratio of 126.07%.

L & S Advisors Inc purchased a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,824 shares of the real estate investment trust's stock, valued at approximately $2,917,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc lifted its position in shares of 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 acquiring an additional 130 shares during the period. Park Square Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter valued at $30,000. Federated Hermes Inc. raised its holdings 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 worth $33,000 after buying an additional 200 shares during the last quarter. CX Institutional acquired a new position in Federal Realty Investment Trust during the first quarter worth $44,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Federal Realty Investment Trust during the fourth quarter worth $51,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Federal Realty Investment Trust Trading Up 0.0%

NYSE:FRT traded up $0.02 during midday trading on Wednesday, reaching $93.41. 249,792 shares of the stock traded hands, compared to its average volume of 776,564. The company has a fifty day moving average of $94.88 and a 200 day moving average of $97.58. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market capitalization of $8.01 billion, a P/E ratio of 26.77, a PEG ratio of 3.66 and a beta of 1.14.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. The business had revenue of $302.29 million for the quarter, compared to the consensus estimate of $307.55 million. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 EPS. On average, research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, July 1st. Federal Realty Investment Trust's payout ratio is presently 126.07%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price objective on the stock. in a report on Monday, June 23rd. Piper Sandler dropped their price target on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. BMO Capital Markets reissued an "outperform" rating and set a $110.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Wall Street Zen raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Raymond James Financial decreased their price objective on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of "Moderate Buy" and an average target price of $111.29.

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.