Federal Realty Investment Trust (NYSE:FRT – Get Free Report) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $113.18 and traded as low as $111.93. Federal Realty Investment Trust shares last traded at $112.7220, with a volume of 834,766 shares trading hands.
Analyst Ratings Changes
FRT has been the topic of several research analyst reports. Weiss Ratings cut shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Evercore set a $123.00 price target on Federal Realty Investment Trust in a report on Monday, September 21st. Wells Fargo & Company decreased their target price on shares of Federal Realty Investment Trust from $126.00 to $119.00 and set an “overweight” rating on the stock in a report on Friday, October 23rd. Piper Sandler upped their target price on Federal Realty Investment Trust from $131.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Federal Realty Investment Trust from $124.00 to $129.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.88.
Read Our Latest Stock Analysis on FRT
Federal Realty Investment Trust Stock Down 0.5%
The company has a quick ratio of 1.70, a current ratio of 1.53 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.78 and a beta of 0.94. The stock has a 50 day moving average price of $110.52 and a 200 day moving average price of $113.18.
Federal Realty Investment Trust (NYSE:FRT – Get Free Report) last announced its quarterly earnings data on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($1.11). Federal Realty Investment Trust had a net margin of 32.60% and a return on equity of 13.76%. The company had revenue of $339.02 million for the quarter, compared to the consensus estimate of $336.57 million. During the same quarter in the previous year, the business earned $1.77 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, analysts forecast that Federal Realty Investment Trust will post 7.56 EPS for the current year.
Federal Realty Investment Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, January 4th. Federal Realty Investment Trust’s payout ratio is 92.80%.
Insiders Place Their Bets
In other news, Director Nicole Lamb-Hale sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $108.89, for a total value of $163,335.00. Following the transaction, the director directly owned 4,613 shares in the company, valued at approximately $502,309.57. This represents a 24.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.
Institutional Investors Weigh In On Federal Realty Investment Trust
A number of institutional investors have recently made changes to their positions in FRT. Root Financial Partners LLC bought a new stake in shares of Federal Realty Investment Trust during the third quarter valued at approximately $40,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Federal Realty Investment Trust by 64.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 370 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 145 shares during the period. Pension & Wealth Management Advisors Inc. boosted its position in shares of Federal Realty Investment Trust by 12.4% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 1,045 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 115 shares during the period. Pflug Koory LLC raised its holdings in shares of Federal Realty Investment Trust by 122.9% in the third quarter. Pflug Koory LLC now owns 1,059 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 584 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in Federal Realty Investment Trust during the second quarter worth $123,000. 93.86% of the stock is owned by institutional investors and hedge funds.
Federal Realty Investment Trust Company Profile
Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates and redevelops high-quality retail and mixed-use properties. Its portfolio includes shopping centers, street retail, and mixed-use developments that combine retail, residential, office and hospitality uses.
The company focuses on densely populated, affluent communities and prominent locations in major metropolitan markets. Its properties are concentrated in regions including the Northeast, Mid-Atlantic, California and South Florida, and are leased to a broad range of retailers, restaurants, service providers and other commercial tenants.
Founded in 1962, Federal Realty has developed and managed properties designed to serve both local communities and national retailers.
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