Insider Selling: Federal Realty Investment Trust (NYSE:FRT) CEO Sells 5,937 Shares of Stock

Federal Realty Investment Trust (NYSE:FRT) CEO Donald C. Wood sold 5,937 shares of the business’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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $117.12 on Tuesday. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $117.23. The company has a 50 day moving average of $110.56 and a two-hundred day moving average of $104.21. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 41.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data 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). The firm had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 EPS. As a group, 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 will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.76%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date is Tuesday, October 1st. Federal Realty Investment Trust’s payout ratio is presently 155.16%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Large investors have recently made changes to their positions in the stock. PFG Investments LLC increased its position in shares of Federal Realty Investment Trust by 2.0% in the 2nd quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock valued at $625,000 after purchasing an additional 124 shares during the last quarter. GAMMA Investing LLC boosted its stake in Federal Realty Investment Trust by 7.6% during the 1st quarter. GAMMA Investing LLC now owns 1,837 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 130 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Federal Realty Investment Trust by 2.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock worth $535,000 after purchasing an additional 143 shares during the period. Strategy Asset Managers LLC lifted its position in Federal Realty Investment Trust by 5.8% in the first quarter. Strategy Asset Managers LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 164 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Federal Realty Investment Trust by 1.1% in the second quarter. Cetera Investment Advisers now owns 21,952 shares of the real estate investment trust’s stock valued at $2,216,000 after buying an additional 241 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FRT has been the subject of several recent analyst reports. Piper Sandler upped their target price on Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Evercore ISI increased their price objective on Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Raymond James increased their target price on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. raised their price objective on Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Finally, Wells Fargo & Company increased their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus price target of $120.82.

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.