Bank of Nova Scotia Trims Stock Position in Federal Realty Investment Trust $FRT

Bank of Nova Scotia decreased its position in Federal Realty Investment Trust (NYSE:FRT) by 21.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 116,636 shares of the real estate investment trust’s stock after selling 32,097 shares during the period. Bank of Nova Scotia’s holdings in Federal Realty Investment Trust were worth $11,079,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Hilltop National Bank purchased a new position in Federal Realty Investment Trust during the 2nd quarter worth $28,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Federal Realty Investment Trust in the 1st quarter worth $30,000. Spire Wealth Management grew its position in shares of Federal Realty Investment Trust by 365.3% during the 2nd quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 263 shares in the last quarter. Dagco Inc. bought a new position in shares of Federal Realty Investment Trust during the 1st quarter worth $34,000. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Federal Realty Investment Trust during the second quarter valued at $41,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Up 0.5%

FRT opened at $97.44 on Thursday. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 3.56 and a beta of 1.01. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $116.10. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.60 and a current ratio of 1.60. The company has a fifty day moving average of $97.72 and a two-hundred day moving average of $96.86.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. The business had revenue of $321.97 million during the quarter, compared to analysts’ expectations of $318.73 million. Federal Realty Investment Trust had a return on equity of 11.12% and a net margin of 27.65%.The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.71 earnings per share. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. On average, research analysts expect that Federal Realty Investment Trust will post 7.15 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 Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, January 2nd. Federal Realty Investment Trust’s payout ratio is 114.72%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Barclays restated an “equal weight” rating and issued a $106.00 price target (down from $113.00) on shares of Federal Realty Investment Trust in a report on Tuesday, November 18th. Wells Fargo & Company initiated coverage on Federal Realty Investment Trust in a research report on Tuesday, October 21st. They set an “overweight” rating and a $113.00 target price on the stock. JPMorgan Chase & Co. raised their price target on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Federal Realty Investment Trust in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Hold” and an average price target of $108.25.

Federal Realty Investment Trust Company 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.