KCM Investment Advisors LLC Sells 650 Shares of Federal Realty Investment Trust $FRT

KCM Investment Advisors LLC cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 18.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,851 shares of the real estate investment trust’s stock after selling 650 shares during the period. KCM Investment Advisors LLC’s holdings in Federal Realty Investment Trust were worth $271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hilltop National Bank bought a new position in shares of Federal Realty Investment Trust in the 2nd quarter worth $28,000. GKV Capital Management Co. Inc. purchased a new position in Federal Realty Investment Trust in the first quarter worth $30,000. Spire Wealth Management grew its position in Federal Realty Investment Trust by 365.3% in the second quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 263 shares in the last quarter. Federated Hermes Inc. increased its stake in Federal Realty Investment Trust by 143.9% in the first 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 last quarter. Finally, Dagco Inc. purchased a new stake in Federal Realty Investment Trust during the first quarter valued at about $34,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FRT. Mizuho upped their price objective on Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Wall Street Zen downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft set a $105.00 price target on shares of Federal Realty Investment Trust and gave the company a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company initiated coverage on shares of Federal Realty Investment Trust in a report on Tuesday, October 21st. They issued an “overweight” rating and a $113.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of $108.46.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $97.32 on Monday. 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 firm has a market cap of $8.40 billion, a P/E ratio of 24.64, a P/E/G ratio of 3.78 and a beta of 1.14. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.09. The firm has a 50-day moving average of $99.06 and a 200-day moving average of $96.53.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The company had revenue of $322.25 million for the quarter, compared to the consensus estimate of $318.73 million. During the same quarter in the previous year, the business earned $1.71 EPS. Federal Realty Investment Trust’s revenue was up 6.2% compared to the same quarter last year. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. Sell-side analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd 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 4.6%. The ex-dividend date is Friday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is currently 114.72%.

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.