Donald C. Wood Sells 30,292 Shares of Federal Realty Investment Trust (NYSE:FRT) Stock

Federal Realty Investment Trust (NYSE:FRT) CEO Donald C. Wood sold 30,292 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the completion of the transaction, the chief executive officer now owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Federal Realty Investment Trust Stock Performance

FRT opened at $116.60 on Wednesday. The company has a 50 day simple moving average of $110.56 and a two-hundred day simple moving average of $104.21. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market cap of $9.67 billion, a P/E ratio of 41.49, a PEG ratio of 2.18 and a beta of 1.24. Federal Realty Investment Trust has a 1-year low of $85.59 and a 1-year high of $117.65.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) 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 analysts’ expectations of $293.61 million. During the same quarter in the previous year, the company posted $1.67 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts forecast that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 dividend on an annualized basis and a yield of 3.77%. Federal Realty Investment Trust’s payout ratio is currently 155.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FRT shares. Mizuho boosted their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Piper Sandler boosted their price objective on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Wells Fargo & Company boosted their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Finally, Scotiabank raised their price target on Federal Realty Investment Trust from $112.00 to $120.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average price target of $121.58.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FRT. International Assets Investment Management LLC bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at approximately $945,000. Private Advisor Group LLC bought a new stake in Federal Realty Investment Trust in the 4th quarter valued at $265,000. Charles Schwab Investment Management Inc. lifted its stake in Federal Realty Investment Trust by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,155,825 shares of the real estate investment trust’s stock worth $119,108,000 after purchasing an additional 40,984 shares in the last quarter. Principal Securities Inc. purchased a new stake in Federal Realty Investment Trust in the 4th quarter worth $438,000. Finally, Jump Financial LLC boosted its holdings in shares of Federal Realty Investment Trust by 487.7% during the 4th quarter. Jump Financial LLC now owns 23,935 shares of the real estate investment trust’s stock valued at $2,467,000 after purchasing an additional 19,862 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

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.