Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Carmichael Hill & Associates Inc.

Carmichael Hill & Associates Inc. trimmed its holdings in Federal Realty Investment Trust (NYSE:FRT) by 20.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 847 shares of the real estate investment trust’s stock after selling 214 shares during the period. Carmichael Hill & Associates Inc.’s holdings in Federal Realty Investment Trust were worth $97,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in FRT. Westwood Holdings Group Inc. raised its position in shares of Federal Realty Investment Trust by 571.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock valued at $64,868,000 after purchasing an additional 546,711 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Federal Realty Investment Trust by 304.0% in the 2nd quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock valued at $41,963,000 after acquiring an additional 312,726 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Federal Realty Investment Trust by 1.5% in the 1st 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 last quarter. Mizuho Markets Americas LLC increased its holdings in shares of Federal Realty Investment Trust by 311.0% in the 1st quarter. Mizuho Markets Americas LLC now owns 212,129 shares of the real estate investment trust’s stock valued at $21,663,000 after acquiring an additional 160,519 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Federal Realty Investment Trust by 4.7% in the 2nd 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 last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction on Monday, September 9th. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

FRT has been the subject of a number of recent research reports. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. Compass Point upped their price objective on 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. Evercore ISI upped their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Scotiabank lowered their price objective on 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, Raymond James upped their price objective on 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. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.77.

Federal Realty Investment Trust Trading Down 0.4 %

NYSE:FRT opened at $110.43 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.74 and a current ratio of 1.56. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 2.09 and a beta of 1.24. The business has a fifty day moving average of $113.88 and a 200-day moving average of $107.79. Federal Realty Investment Trust has a 1 year low of $90.70 and a 1 year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last announced 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 firm had revenue of $295.80 million during the quarter, compared to analyst estimates of $293.61 million. Federal Realty Investment Trust had a net margin of 24.67% and a return on equity of 10.01%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS. Equities analysts predict that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $1.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 annualized dividend and a dividend yield of 3.98%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 127.91%.

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.