Morningstar Investment Management LLC Acquires 412 Shares of Federal Realty Investment Trust (NYSE:FRT)

Morningstar Investment Management LLC increased its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,677 shares of the real estate investment trust’s stock after acquiring an additional 412 shares during the quarter. Morningstar Investment Management LLC’s holdings in Federal Realty Investment Trust were worth $371,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the sale, the chief executive officer now directly owns 6,637 shares in the company, valued at $771,020.29. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the completion of the sale, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

FRT has been the topic of a number of research analyst reports. Raymond James raised their price target on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Scotiabank raised their price target on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. Compass Point raised their price target on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Finally, Mizuho lifted their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.58.

Federal Realty Investment Trust Stock Performance

NYSE:FRT opened at $116.20 on Friday. The firm has a market capitalization of $9.64 billion, a P/E ratio of 41.35, a P/E/G ratio of 2.20 and a beta of 1.24. The company has a fifty day moving average of $111.18 and a 200-day moving average of $104.42. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $117.65.

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

Federal Realty Investment Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 annualized dividend and a yield of 3.79%. Federal Realty Investment Trust’s dividend payout ratio is 155.16%.

About Federal Realty Investment Trust

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.