Federal Realty Investment Trust $FRT Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in Federal Realty Investment Trust (NYSE:FRT) by 25.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,423 shares of the real estate investment trust’s stock after selling 8,538 shares during the period. Nisa Investment Advisors LLC’s holdings in Federal Realty Investment Trust were worth $2,415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Hilltop National Bank acquired a new stake in Federal Realty Investment Trust during the 2nd quarter valued at approximately $28,000. GKV Capital Management Co. Inc. acquired a new stake in Federal Realty Investment Trust during the 1st quarter valued at approximately $30,000. Federated Hermes Inc. lifted its stake in 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 valued at $33,000 after acquiring an additional 200 shares during the period. Dagco Inc. acquired a new stake in Federal Realty Investment Trust during the 1st quarter valued at approximately $34,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Federal Realty Investment Trust during the 2nd quarter valued at approximately $48,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FRT has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Mizuho lifted their price objective on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Evercore ISI decreased their price objective on shares of Federal Realty Investment Trust from $107.00 to $106.00 and set an “in-line” rating for the company in a research note on Friday, October 17th. Wells Fargo & Company initiated coverage on shares of Federal Realty Investment Trust in a research note on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price objective for the company. Finally, LADENBURG THALM/SH SH upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research note on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $109.29.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $94.75 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 3.78 and a beta of 1.15. The company has a 50 day moving average price of $99.47 and a 200-day moving average price of $96.35. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.09.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results 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. The company had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.69 EPS. Equities research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Wednesday, October 1st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. Federal Realty Investment Trust’s 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.