Raymond James & Associates Sells 9,991 Shares of Federal Realty Investment Trust (NYSE:FRT)

Raymond James & Associates lessened its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 7.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,689 shares of the real estate investment trust's stock after selling 9,991 shares during the quarter. Raymond James & Associates owned 0.15% of Federal Realty Investment Trust worth $13,991,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. boosted its holdings in shares of Federal Realty Investment Trust by 81.7% in the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 107 shares during the period. Family Firm Inc. acquired a new position in shares of Federal Realty Investment Trust in the second quarter valued at approximately $33,000. Blue Trust Inc. boosted its holdings in shares of Federal Realty Investment Trust by 885.7% in the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 310 shares during the period. Rothschild Investment LLC acquired a new position in shares of Federal Realty Investment Trust in the second quarter valued at approximately $42,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Federal Realty Investment Trust by 86.9% during the first quarter. EverSource Wealth Advisors LLC now owns 542 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 252 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.

Insider Activity

In other 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 value of $691,482.39. 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 30,292 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the transaction, the chief executive officer now directly owns 6,637 shares of the company's stock, valued at approximately $771,020.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on FRT shares. Mizuho increased their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a "neutral" rating in a report on Monday, August 19th. Wells Fargo & Company increased their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. Raymond James increased their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, August 16th. Citigroup upgraded shares of Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and increased their target price for the stock from $120.00 to $135.00 in a report on Friday, September 13th. Finally, Compass Point increased their target price on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of "Moderate Buy" and an average price target of $122.77.

Federal Realty Investment Trust Stock Performance

FRT stock traded up $0.89 during trading hours on Monday, reaching $113.24. The stock had a trading volume of 350,827 shares, compared to its average volume of 616,035. The stock has a market capitalization of $9.39 billion, a PE ratio of 40.30, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23. The stock has a 50-day simple moving average of $114.05 and a 200 day simple moving average of $107.37. Federal Realty Investment Trust has a fifty-two week low of $86.77 and a fifty-two week high of $118.34. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74.

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 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.36). The company had revenue of $295.80 million during the quarter, compared to the consensus estimate of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. Federal Realty Investment Trust's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 earnings per share. Analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $1.09. This represents a $4.40 annualized dividend and a dividend yield of 3.89%. Federal Realty Investment Trust's dividend payout ratio is presently 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.