Federal Realty Investment Trust (NYSE:FRT) Sees Unusually-High Trading Volume

Federal Realty Investment Trust (NYSE:FRT) saw unusually-strong trading volume on Thursday . Approximately 1,084,544 shares changed hands during mid-day trading, an increase of 77% from the previous session’s volume of 613,291 shares.The stock last traded at $113.81 and had previously closed at $115.52.

Analyst Ratings Changes

A number of brokerages recently issued reports on FRT. Raymond James lifted their price target on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Compass Point raised their target price on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Mizuho upped their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, Truist Financial lifted their price objective on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.85.

Federal Realty Investment Trust Stock Down 1.0 %

The business has a 50-day moving average price of $113.04 and a 200 day moving average price of $105.17. The stock has a market capitalization of $9.38 billion, a P/E ratio of 40.22, a P/E/G ratio of 2.20 and a beta of 1.24. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57.

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

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a $1.10 dividend. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.89%. Federal Realty Investment Trust’s payout ratio is 156.58%.

Insider Activity at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the transaction, the chief executive officer now owns 6,637 shares of the company’s stock, valued at $771,020.29. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Donald C. Wood sold 5,937 shares of the firm’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. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Federal Realty Investment Trust

Hedge funds have recently bought and sold shares of the business. Family Firm Inc. purchased a new stake in shares of Federal Realty Investment Trust during the second quarter valued at $33,000. Blue Trust Inc. grew its stake in Federal Realty Investment Trust by 885.7% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 310 shares in the last quarter. Tidemark LLC purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $40,000. Rothschild Investment LLC bought a new stake in shares of Federal Realty Investment Trust during the second quarter valued at approximately $42,000. Finally, Quarry LP purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $50,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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.