Westwood Holdings Group Inc. Buys 75,612 Shares of Federal Realty Investment Trust (NYSE:FRT)

Key Points

• Westwood Holdings Group Inc. increased its stake in Federal Realty Investment Trust by 8.2%, owning approximately 1.16% of the company after acquiring an additional 75,612 shares in Q1.
• Federal Realty reported a quarterly earnings per share (EPS) of $1.70, beating analyst expectations, and a revenue increase of 6.1% year-over-year.
• The company declared a quarterly dividend of $1.10 per share, representing an annualized dividend yield of 4.8%, with a dividend payout ratio of 126.07%.

Westwood Holdings Group Inc. grew its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 8.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 995,159 shares of the real estate investment trust's stock after buying an additional 75,612 shares during the quarter. Westwood Holdings Group Inc. owned approximately 1.16% of Federal Realty Investment Trust worth $97,346,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of Federal Realty Investment Trust by 3.4% during the fourth quarter. American Century Companies Inc. now owns 28,449 shares of the real estate investment trust's stock valued at $3,185,000 after purchasing an additional 929 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Federal Realty Investment Trust by 204.4% during the fourth quarter. Franklin Resources Inc. now owns 38,051 shares of the real estate investment trust's stock worth $4,260,000 after purchasing an additional 25,551 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Federal Realty Investment Trust by 2,082.9% during the fourth quarter. National Bank of Canada FI now owns 37,109 shares of the real estate investment trust's stock worth $4,155,000 after acquiring an additional 35,409 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $91,000. Finally, World Investment Advisors increased its stake in Federal Realty Investment Trust by 305.5% in the 4th quarter. World Investment Advisors now owns 7,778 shares of the real estate investment trust's stock valued at $871,000 after buying an additional 5,860 shares during the last quarter. 93.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on FRT. Mizuho lowered their price target on shares of Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Piper Sandler reduced their target price on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Raymond James Financial dropped 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 research note on Friday, May 23rd. BMO Capital Markets restated an "outperform" rating and issued a $110.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Finally, Wall Street Zen upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust has an average rating of "Moderate Buy" and an average price target of $111.29.

Federal Realty Investment Trust Trading Down 0.8%

Shares of NYSE:FRT traded down $0.75 during trading on Thursday, reaching $92.43. The stock had a trading volume of 1,567,655 shares, compared to its average volume of 805,404. The firm's fifty day moving average is $94.78 and its 200 day moving average is $97.46. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.72 and a current ratio of 1.72. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 3.72 and a beta of 1.14.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS 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 11.27%. The company had revenue of $302.48 million for the quarter, compared to analyst estimates of $309.25 million. During the same period in the prior year, the firm posted $1.69 EPS. The company's quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $1.13 per share. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. This represents a $4.52 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, October 1st. Federal Realty Investment Trust's payout ratio is currently 126.07%.

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.