Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. increased its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 74.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,195 shares of the real estate investment trust's stock after purchasing an additional 9,060 shares during the period. Lecap Asset Management Ltd.'s holdings in Federal Realty Investment Trust were worth $2,437,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. grew its stake in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 107 shares during the period. Family Firm Inc. purchased a new stake in Federal Realty Investment Trust in the 2nd quarter worth approximately $33,000. Blue Trust Inc. grew its stake in Federal Realty Investment Trust by 885.7% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 310 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Federal Realty Investment Trust during the 2nd quarter valued at $42,000. Finally, Eastern Bank purchased a new stake in shares of Federal Realty Investment Trust during the 3rd quarter valued at $52,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FRT. Truist Financial boosted their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. boosted their price objective on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a "neutral" rating in a research note on Thursday, August 8th. Evercore ISI boosted their price objective on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Scotiabank lowered their price objective on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a "sector outperform" rating for the company in a research note on Friday, October 11th. Finally, Citigroup raised shares of Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $122.77.

Insider Activity

In other news, CEO Donald C. Wood sold 30,292 shares of the company's stock in a transaction dated Thursday, September 5th. The shares were 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 owns 6,637 shares in the company, valued at approximately $771,020.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction dated Monday, September 9th. The shares were 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 available at the SEC website. Also, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the sale, the chief executive officer now owns 6,637 shares in the company, valued at approximately $771,020.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Federal Realty Investment Trust Stock Up 0.1 %

FRT stock traded up $0.07 during trading on Wednesday, reaching $114.43. The stock had a trading volume of 415,661 shares, compared to its average volume of 618,790. Federal Realty Investment Trust has a 1-year low of $85.59 and a 1-year high of $118.34. 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 company has a market capitalization of $9.49 billion, a P/E ratio of 40.70, a PEG ratio of 2.11 and a beta of 1.23. The firm has a fifty day moving average price of $114.02 and a 200 day moving average price of $107.11.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing analysts' consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The firm had revenue of $295.80 million during the quarter, compared to analyst estimates of $293.61 million. During the same quarter in the prior year, the firm earned $1.67 EPS. The business's quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate 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. Stockholders of record on Tuesday, October 1st were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date was Tuesday, October 1st. This is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $1.09. Federal Realty Investment Trust's dividend payout ratio is 156.58%.

About Federal Realty Investment Trust

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.