MQS Management LLC Invests $821,000 in Federal Realty Investment Trust (NYSE:FRT)

MQS Management LLC bought a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,397 shares of the real estate investment trust's stock, valued at approximately $821,000.

Several other large investors also recently made changes to their positions in the stock. Versant Capital Management Inc boosted 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 purchasing an additional 130 shares during the period. Park Square Financial Group LLC bought a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth approximately $30,000. CX Institutional bought a new stake in shares of Federal Realty Investment Trust in the 1st quarter worth approximately $44,000. Kapitalo Investimentos Ltda bought a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth approximately $51,000. Finally, NBC Securities Inc. bought a new stake in shares of Federal Realty Investment Trust in the 1st quarter worth approximately $69,000. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

FRT stock traded up $1.39 during midday trading on Wednesday, reaching $94.38. 595,451 shares of the company's stock traded hands, compared to its average volume of 718,620. The company has a 50-day simple moving average of $95.31 and a two-hundred day simple moving average of $98.86. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 3.71 and a beta of 1.09. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.46.

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

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.66%. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 126.07%.

Analysts Set New Price Targets

FRT has been the subject of a number of research reports. BMO Capital Markets reiterated an "outperform" rating and issued a $110.00 price objective on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. 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 report on Friday, May 23rd. JPMorgan Chase & Co. downgraded Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price objective for the company. in a research report on Monday, June 23rd. Wells Fargo & Company reduced their price objective on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Finally, Raymond James Financial dropped their target price on 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. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $112.07.

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.