Nomura Holdings Inc. Purchases 7,820 Shares of Federal Realty Investment Trust $FRT

Key Points

• Nomura Holdings Inc. increased its stake in Federal Realty Investment Trust by 68.6% in the first quarter, owning a total of 19,217 shares valued at approximately $1.88 million.
• Federal Realty Investment Trust recently announced a dividend increase to $1.13 per share, up from the previous $1.10, reflecting an annualized yield of 4.6%.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for the stock, with a target price averaging around $110.79.

Nomura Holdings Inc. lifted its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 68.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,217 shares of the real estate investment trust's stock after buying an additional 7,820 shares during the quarter. Nomura Holdings Inc.'s holdings in Federal Realty Investment Trust were worth $1,880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of FRT. Principal Financial Group Inc. boosted its holdings in Federal Realty Investment Trust by 0.6% during the first quarter. Principal Financial Group Inc. now owns 155,434 shares of the real estate investment trust's stock valued at $15,205,000 after acquiring an additional 917 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Federal Realty Investment Trust by 10.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust's stock worth $697,000 after buying an additional 674 shares during the period. KBC Group NV increased its position in Federal Realty Investment Trust by 5.6% in the 1st quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust's stock worth $278,000 after buying an additional 151 shares during the period. Amalgamated Bank lifted its holdings in shares of Federal Realty Investment Trust by 1.0% during the first quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock worth $1,495,000 after buying an additional 146 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Federal Realty Investment Trust by 3.1% in the first quarter. New York State Common Retirement Fund now owns 60,214 shares of the real estate investment trust's stock valued at $5,890,000 after acquiring an additional 1,800 shares during the period. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

NYSE FRT traded up $1.56 on Friday, reaching $102.55. The company's stock had a trading volume of 638,319 shares, compared to its average volume of 702,706. The firm has a market cap of $8.85 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 3.86 and a beta of 1.16. The business has a 50-day moving average price of $95.46 and a 200 day moving average price of $95.89. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. 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 (NYSE:FRT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, topping 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 firm had revenue of $302.48 million during the quarter, compared to analysts' expectations of $309.25 million. During the same quarter last year, the company earned $1.69 earnings per share. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued 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 4.4%. Federal Realty Investment Trust's dividend payout ratio (DPR) is 114.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. UBS Group dropped their price objective on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating on the stock in a report on Monday, June 16th. JPMorgan Chase & Co. increased 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. Evercore ISI decreased their target price on Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $110.79.

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.