Eastern Bank Purchases Shares of 450 Federal Realty Investment Trust (NYSE:FRT)

Eastern Bank purchased a new stake in Federal Realty Investment Trust (NYSE:FRT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 450 shares of the real estate investment trust’s stock, valued at approximately $52,000.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Federal Realty Investment Trust by 1.5% in the first quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock valued at $1,300,101,000 after acquiring an additional 193,740 shares during the period. Massachusetts Financial Services Co. MA grew its position in Federal Realty Investment Trust by 4.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock valued at $201,355,000 after acquiring an additional 90,395 shares during the period. ProShare Advisors LLC grew its position in Federal Realty Investment Trust by 2.2% in the second quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust’s stock valued at $174,883,000 after acquiring an additional 36,880 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Federal Realty Investment Trust by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust’s stock worth $115,000,000 after purchasing an additional 8,933 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in shares of Federal Realty Investment Trust by 571.1% during the second quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock worth $64,868,000 after purchasing an additional 546,711 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Trading Down 1.4 %

NYSE:FRT opened at $112.35 on Friday. Federal Realty Investment Trust has a 1-year low of $86.29 and a 1-year high of $118.34. The business’s 50-day moving average price is $114.05 and its two-hundred day moving average price is $107.32. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 2.16 and a beta of 1.23.

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

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a $1.10 dividend. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date was Tuesday, October 1st. This represents a $4.40 annualized dividend and a yield of 3.92%. Federal Realty Investment Trust’s dividend payout ratio is presently 129.03%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FRT. Wells Fargo & Company increased their target price on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Piper Sandler increased their target price on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Compass Point increased their target price on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Scotiabank decreased their target price on Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $122.77.

Insider Buying and Selling at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction dated 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 SEC, which is accessible through this link. In other news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction dated 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 SEC, which is accessible through this link. Also, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 6,637 shares in the company, valued at approximately $771,020.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Company Profile

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.