Federal Realty Investment Trust $FRT Shares Purchased by Mattern Capital Management LLC

Mattern Capital Management LLC increased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,108 shares of the real estate investment trust’s stock after acquiring an additional 1,740 shares during the period. Mattern Capital Management LLC’s holdings in Federal Realty Investment Trust were worth $7,040,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc lifted its stake in Federal Realty Investment Trust by 82.3% during the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 130 shares in the last quarter. Hilltop National Bank acquired a new position in Federal Realty Investment Trust during the 2nd quarter worth about $28,000. GKV Capital Management Co. Inc. acquired a new position in Federal Realty Investment Trust during the 1st quarter worth about $30,000. Federated Hermes Inc. lifted its stake in Federal Realty Investment Trust by 143.9% during the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Finally, Dagco Inc. acquired a new position in Federal Realty Investment Trust during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FRT. JPMorgan Chase & Co. increased their target price on Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 27th. Barclays dropped their price objective on Federal Realty Investment Trust from $106.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. Evercore ISI downgraded Federal Realty Investment Trust from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $106.00 to $107.00 in a report on Monday, September 15th. LADENBURG THALM/SH SH upgraded Federal Realty Investment Trust to a “strong-buy” rating in a report on Tuesday, September 9th. Finally, Wall Street Zen upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.31.

Federal Realty Investment Trust Trading Down 0.7%

FRT opened at $98.97 on Friday. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 3.80 and a beta of 1.15. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.09. The business’s 50 day moving average is $97.51 and its two-hundred day moving average is $95.65. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42.

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

Federal Realty Investment Trust Increases Dividend

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

Federal Realty Investment Trust Profile

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.