Morningstar Investment Management LLC Acquires Shares of 5,977 Federal Realty Investment Trust $FRT

Morningstar Investment Management LLC purchased a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,977 shares of the real estate investment trust’s stock, valued at approximately $568,000.

Other hedge funds have also recently modified their holdings of the company. Hilltop National Bank bought a new position in shares of Federal Realty Investment Trust during the second quarter valued at approximately $28,000. GKV Capital Management Co. Inc. bought a new position in Federal Realty Investment Trust in the 1st quarter worth about $30,000. Federated Hermes Inc. grew its stake in Federal Realty Investment Trust by 143.9% in the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Dagco Inc. bought a new position in Federal Realty Investment Trust during the 1st quarter worth about $34,000. Finally, CX Institutional bought a new position in Federal Realty Investment Trust during the 1st quarter worth about $44,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Up 1.5%

NYSE:FRT opened at $96.99 on Tuesday. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.09. The firm has a fifty day simple moving average of $98.18 and a 200-day simple moving average of $95.65. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $8.37 billion, a P/E ratio of 24.55, a PEG ratio of 3.86 and a beta of 1.15.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, topping the consensus estimate 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 business had revenue of $302.48 million during the quarter, compared to the consensus estimate of $309.25 million. During the same period in the previous year, the firm posted $1.69 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.7%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 114.43%.

Analyst Ratings Changes

FRT has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $105.00 price objective on shares of Federal Realty Investment Trust and gave the company a “hold” rating in a research note on Tuesday, October 7th. Barclays raised their target price on shares of Federal Realty Investment Trust from $105.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. LADENBURG THALM/SH SH upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research note on Tuesday, September 9th. Scotiabank raised their price objective on Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Finally, Evercore ISI began coverage on Federal Realty Investment Trust in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $105.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and an average price target of $109.36.

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.