Wealth Enhancement Advisory Services LLC Purchases 2,928 Shares of Federal Realty Investment Trust $FRT

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Federal Realty Investment Trust by 103% in Q2, acquiring 2,928 shares, resulting in a total of 5,770 shares valued at $553,000.
• Federal Realty Investment Trust announced a quarterly dividend of $1.13, which is an increase from the previous dividend of $1.10, representing a 4.5% dividend yield.
• Analysts have varying ratings for Federal Realty Investment Trust, with one analyst rating it as a Strong Buy while others have given ratings ranging from Buy to Hold, with a current consensus target price of $109.31.

Wealth Enhancement Advisory Services LLC grew its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 103.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,770 shares of the real estate investment trust's stock after acquiring an additional 2,928 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Federal Realty Investment Trust were worth $553,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc grew its position in shares of Federal Realty Investment Trust by 82.3% in 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. GKV Capital Management Co. Inc. bought a new stake in shares of Federal Realty Investment Trust during the 1st quarter worth about $30,000. Federated Hermes Inc. boosted its holdings in shares of Federal Realty Investment Trust by 143.9% during the 1st 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 period. Dagco Inc. bought 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. Institutional investors own 93.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FRT shares. Wall Street Zen raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Wells Fargo & Company lifted 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 report on Wednesday, August 27th. Scotiabank lifted their target price on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Federal Realty Investment Trust in a report on Saturday, September 27th. Finally, UBS Group reduced their target price on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating for the company in a report on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.31.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $99.43 on Friday. The firm has a 50 day moving average of $97.62 and a 200-day moving average of $95.65. The stock has a market capitalization of $8.58 billion, a PE ratio of 25.17, a PEG ratio of 3.80 and a beta of 1.15. 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 12 month low of $80.65 and a 12 month high of $118.09.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, beating the consensus estimate of $1.73 by $0.18. The company had revenue of $302.48 million during 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 business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.69 EPS. On average, equities 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, October 1st. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's dividend payout ratio is presently 114.43%.

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.

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.