Wealth Enhancement Advisory Services LLC Increases Stock Position in Federal Realty Investment Trust $FRT

Wealth Enhancement Advisory Services LLC lifted its stake in Federal Realty Investment Trust (NYSE:FRT) by 173.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,791 shares of the real estate investment trust’s stock after acquiring an additional 10,021 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Federal Realty Investment Trust were worth $1,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hilltop National Bank purchased a new stake in Federal Realty Investment Trust in the second quarter worth approximately $28,000. Spire Wealth Management boosted its stake in shares of Federal Realty Investment Trust by 365.3% in 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 during the last quarter. Quent Capital LLC bought a new stake in shares of Federal Realty Investment Trust in the third quarter worth $39,000. Loomis Sayles & Co. L P purchased a new stake in Federal Realty Investment Trust during the second quarter valued at $41,000. Finally, Frazier Financial Advisors LLC bought a new position in Federal Realty Investment Trust in the second quarter valued at about $48,000. Institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FRT. Truist Financial boosted their price target on Federal Realty Investment Trust from $105.00 to $109.00 and gave the company a “hold” rating in a research note on Tuesday, December 2nd. Barclays restated a “positive” rating and set a $107.00 target price on shares of Federal Realty Investment Trust in a research report on Tuesday, January 13th. UBS Group set a $113.00 price target on shares of Federal Realty Investment Trust in a research report on Wednesday, January 14th. Stifel Nicolaus set a $109.50 price objective on shares of Federal Realty Investment Trust in a research report on Thursday, December 18th. Finally, Evercore ISI reduced their price objective on Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating for the company in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price of $110.30.

Federal Realty Investment Trust Stock Up 0.5%

Shares of FRT stock opened at $101.10 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.60 and a quick ratio of 1.60. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $111.82. The company’s fifty day moving average price is $100.46 and its 200-day moving average price is $98.47. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 4.34 and a beta of 1.01.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.01. The company had revenue of $321.97 million during the quarter, compared to the consensus estimate of $318.73 million. Federal Realty Investment Trust had a net margin of 27.65% and a return on equity of 11.12%. Federal Realty Investment Trust’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.71 EPS. Sell-side analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Profile

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.