Quest Partners LLC Raises Holdings in Federal Realty Investment Trust (NYSE:FRT)

Quest Partners LLC boosted its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 255.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 20,939 shares of the real estate investment trust’s stock after buying an additional 15,047 shares during the quarter. Quest Partners LLC’s holdings in Federal Realty Investment Trust were worth $2,114,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in Federal Realty Investment Trust during the 2nd quarter valued at about $33,000. Blue Trust Inc. boosted its holdings in Federal Realty Investment Trust by 885.7% during the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 310 shares during the period. Tidemark LLC purchased a new stake in Federal Realty Investment Trust during the 4th quarter valued at about $40,000. Rothschild Investment LLC purchased a new stake in Federal Realty Investment Trust during the 2nd quarter valued at about $42,000. Finally, Quarry LP purchased a new stake in Federal Realty Investment Trust during the 4th quarter valued at about $50,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Down 0.4 %

FRT opened at $115.45 on Monday. The stock has a market cap of $9.58 billion, a PE ratio of 41.09, a PEG ratio of 2.18 and a beta of 1.24. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57. The business has a 50 day moving average of $110.22 and a 200-day moving average of $104.08. Federal Realty Investment Trust has a 52 week low of $85.59 and a 52 week high of $117.23.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). The firm had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 EPS. Equities research analysts predict that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Tuesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 155.16%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FRT. JPMorgan Chase & Co. increased their target price on Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Wells Fargo & Company increased their price objective on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Raymond James increased their price objective on Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Mizuho increased their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, Scotiabank increased their price objective on Federal Realty Investment Trust from $112.00 to $120.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.82.

Federal Realty Investment Trust Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.