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 that occurred 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 $771,020.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $117.12 on Tuesday. The firm has a market cap of $9.72 billion, a PE ratio of 41.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24. The firm’s 50-day simple moving average is $110.56 and its 200-day simple moving average is $104.21. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.74 and a current ratio of 1.74. Federal Realty Investment Trust has a 1 year low of $85.59 and a 1 year high of $117.23.

Federal Realty Investment Trust (NYSE:FRT) last announced 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). Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The business had revenue of $295.80 million for the quarter, compared to the consensus estimate of $293.61 million. During the same period in the prior year, the company earned $1.67 EPS. Federal Realty Investment Trust’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 company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a $1.10 dividend. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date is Tuesday, October 1st. This represents a $4.40 annualized dividend and a yield of 3.76%. Federal Realty Investment Trust’s dividend payout ratio is 155.16%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Raymond James increased their price objective 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. Mizuho raised their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Evercore ISI raised their price objective on Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Truist Financial raised their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Wells Fargo & Company raised their price target on 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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus target price of $120.82.

Institutional Inflows and Outflows

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