Xcel Wealth Management LLC Has $4.28 Million Holdings in Federal Realty Investment Trust (NYSE:FRT)

Xcel Wealth Management LLC cut its stake in Federal Realty Investment Trust (NYSE:FRT) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,227 shares of the real estate investment trust’s stock after selling 2,860 shares during the period. Federal Realty Investment Trust accounts for about 1.3% of Xcel Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest position. Xcel Wealth Management LLC’s holdings in Federal Realty Investment Trust were worth $4,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Westwood Holdings Group Inc. lifted its stake in shares of Federal Realty Investment Trust by 571.1% during the second quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock valued at $64,868,000 after acquiring an additional 546,711 shares during the period. Millennium Management LLC grew its holdings in Federal Realty Investment Trust by 304.0% during the 2nd quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock worth $41,963,000 after acquiring an additional 312,726 shares during the period. Vanguard Group Inc. raised its position in shares of Federal Realty Investment Trust by 1.5% during 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 raised its position in shares of Federal Realty Investment Trust by 311.0% during 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 lifted its stake 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 purchasing an additional 90,395 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FRT shares. Evercore ISI upped their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Piper Sandler upped their price target on Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Wells Fargo & Company lifted their price objective on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $120.00 to $135.00 in a report on Friday, September 13th. Finally, Scotiabank cut their target price on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a report on Friday, October 11th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $122.77.

Insiders Place Their Bets

In other news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were 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 in the company, valued at $771,020.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was 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.

Federal Realty Investment Trust Stock Up 0.9 %

FRT traded up $1.01 during trading hours on Tuesday, hitting $114.23. 120,360 shares of the company’s stock were exchanged, compared to its average volume of 618,339. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 2.11 and a beta of 1.23. Federal Realty Investment Trust has a 1-year low of $85.59 and a 1-year high of $118.34. The stock’s 50-day moving average is $113.96 and its two-hundred day moving average is $107.01. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). The business had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 earnings per share. Sell-side analysts predict that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.85%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date was Tuesday, October 1st. Federal Realty Investment Trust’s payout ratio is presently 156.58%.

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.