MBB Public Markets I LLC Takes $318,000 Position in Federal Realty Investment Trust $FRT

Key Points

• MBB Public Markets I LLC invested approximately $318,000 in Federal Realty Investment Trust by acquiring 3,252 shares in the first quarter.
• Federal Realty Investment Trust recently increased its quarterly dividend to $1.13, and has a dividend yield of 4.5%.
• The company reported $1.91 EPS for the last quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 5.2%.

MBB Public Markets I LLC acquired a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,252 shares of the real estate investment trust's stock, valued at approximately $318,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FRT. Versant Capital Management Inc increased its stake 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 buying an additional 130 shares during the period. Park Square Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust in the fourth quarter worth about $30,000. GKV Capital Management Co. Inc. acquired a new position in shares of Federal Realty Investment Trust in the first quarter worth about $30,000. Federated Hermes Inc. lifted its stake in 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 acquiring an additional 200 shares during the last quarter. Finally, Dagco Inc. acquired a new stake in Federal Realty Investment Trust in the first quarter valued at approximately $34,000. Institutional investors own 93.86% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on FRT shares. Mizuho lifted their target price on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Raymond James Financial reduced their target price on shares of 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. JPMorgan Chase & Co. boosted their target price on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. Piper Sandler reduced their target price on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Finally, BMO Capital Markets restated an "outperform" rating and issued a $110.00 target price on shares of Federal Realty Investment Trust in a research note on Monday, May 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust has an average rating of "Moderate Buy" and a consensus price target of $109.31.

Federal Realty Investment Trust Trading Down 0.1%

Shares of NYSE:FRT traded down $0.15 during mid-day trading on Monday, reaching $101.50. The stock had a trading volume of 163,492 shares, compared to its average volume of 773,886. The firm has a market cap of $8.76 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 3.88 and a beta of 1.16. The firm has a 50 day simple moving average of $96.08 and a two-hundred day simple moving average of $95.63. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.18. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The business had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. During the same period last year, the company posted $1.69 EPS. Federal Realty Investment Trust's revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm 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 dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.5%. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's dividend payout ratio (DPR) is 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.