Janney Capital Management LLC Decreases Stake in Federal Realty Investment Trust (NYSE:FRT)

Janney Capital Management LLC trimmed its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 75.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,655 shares of the real estate investment trust's stock after selling 17,310 shares during the quarter. Janney Capital Management LLC's holdings in Federal Realty Investment Trust were worth $650,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FRT. NBC Securities Inc. grew its holdings in Federal Realty Investment Trust by 81.7% during the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 107 shares during the last quarter. Family Firm Inc. bought a new position in Federal Realty Investment Trust during the 2nd quarter valued at about $33,000. Blue Trust Inc. grew its holdings in Federal Realty Investment Trust by 885.7% during the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 310 shares during the last quarter. Rothschild Investment LLC bought a new position in Federal Realty Investment Trust during the 2nd quarter valued at about $42,000. Finally, Eastern Bank bought a new position in Federal Realty Investment Trust during the 3rd quarter valued at about $52,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FRT has been the topic of several analyst reports. Scotiabank cut their price target on shares of 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. Compass Point upped 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 research note on Tuesday, September 10th. Raymond James upped 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 research note on Friday, August 16th. Wells Fargo & Company upped 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 research note on Wednesday, August 28th. Finally, Piper Sandler upped their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.77.

Insider Activity at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 6,637 shares of the company's stock, valued at $771,020.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were 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. 1.00% of the stock is currently owned by corporate insiders.

Federal Realty Investment Trust Stock Up 0.9 %

Shares of NYSE FRT traded up $0.99 during midday trading on Monday, reaching $111.42. 745,965 shares of the company's stock traded hands, compared to its average volume of 620,468. The company has a quick ratio of 1.74, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The stock's 50 day simple moving average is $113.88 and its 200-day simple moving average is $107.87. Federal Realty Investment Trust has a one year low of $90.70 and a one year high of $118.34. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 2.09 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a net margin of 24.67% and a return on equity of 10.01%. The business had revenue of $295.80 million for the quarter, compared to the consensus estimate of $293.61 million. During the same quarter in the prior year, the business posted $1.67 earnings per share. Federal Realty Investment Trust's revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $1.10 per share. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.95%. Federal Realty Investment Trust's dividend payout ratio is presently 127.91%.

Federal Realty Investment Trust 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.