Armstrong Fleming & Moore Inc Invests $203,000 in Federal Realty Investment Trust $FRT

Armstrong Fleming & Moore Inc acquired a new position in Federal Realty Investment Trust (NYSE:FRT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,140 shares of the real estate investment trust’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hilltop National Bank purchased a new position in shares of Federal Realty Investment Trust during the second quarter valued at approximately $28,000. GKV Capital Management Co. Inc. bought a new stake in shares of Federal Realty Investment Trust during the first quarter valued at approximately $30,000. Federated Hermes Inc. increased its position in shares of Federal Realty Investment Trust by 143.9% during the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Dagco Inc. bought a new stake in shares of Federal Realty Investment Trust during the first quarter valued at approximately $34,000. Finally, CX Institutional bought a new stake in shares of Federal Realty Investment Trust during the first quarter valued at approximately $44,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Up 0.1%

NYSE:FRT opened at $97.65 on Thursday. The company has a market capitalization of $8.42 billion, a P/E ratio of 24.72, a PEG ratio of 3.73 and a beta of 1.15. The firm has a fifty day simple moving average of $97.87 and a 200-day simple moving average of $95.70. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.09. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.18. The company had revenue of $302.48 million during the quarter, compared to analysts’ expectations of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.69 earnings per share. On average, equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.6%. The ex-dividend date is Wednesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 114.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Mizuho boosted their price objective on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Wells Fargo & Company boosted their price objective on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. boosted their price objective on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Finally, Deutsche Bank Aktiengesellschaft set a $105.00 target price on shares of Federal Realty Investment Trust and gave the company a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.36.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.