Armstrong Fleming & Moore Inc Takes Position in Federal Realty Investment Trust $FRT

Armstrong Fleming & Moore Inc bought a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) in the 2nd quarter, Holdings Channel.com reports. The fund bought 2,140 shares of the real estate investment trust’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new position in Federal Realty Investment Trust during the fourth quarter valued at approximately $365,000. NBC Securities Inc. purchased a new stake in shares of Federal Realty Investment Trust during the first quarter valued at approximately $69,000. Yousif Capital Management LLC raised its stake in shares of Federal Realty Investment Trust by 4.1% during the first quarter. Yousif Capital Management LLC now owns 82,409 shares of the real estate investment trust’s stock valued at $8,061,000 after purchasing an additional 3,220 shares during the period. SG Americas Securities LLC raised its stake in shares of Federal Realty Investment Trust by 302.1% during the first quarter. SG Americas Securities LLC now owns 10,856 shares of the real estate investment trust’s stock valued at $1,062,000 after purchasing an additional 8,156 shares during the period. Finally, CX Institutional purchased a new stake in shares of Federal Realty Investment Trust during the first quarter valued at approximately $44,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FRT has been the topic of a number of analyst reports. Evercore ISI initiated coverage on shares of Federal Realty Investment Trust in a research note on Tuesday. They set an “in-line” rating and a $105.00 price objective on the stock. Wells Fargo & Company lifted their price target on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Weiss Ratings restated a “hold (c)” rating on shares of Federal Realty Investment Trust in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 27th. Finally, Deutsche Bank Aktiengesellschaft set a $105.00 price target on shares of Federal Realty Investment Trust and gave the stock a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $109.36.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $97.65 on Thursday. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.09. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 3.73 and a beta of 1.15. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a fifty day moving average of $97.87 and a 200-day moving average of $95.70.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.18. The business had revenue of $302.48 million during the quarter, compared to the consensus estimate of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.69 earnings per share. As a group, equities 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 annualized dividend and a yield of 4.6%. Federal Realty Investment Trust’s dividend payout ratio is currently 114.43%.

Federal Realty Investment Trust 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.