Federal Realty Investment Trust (NYSE:FRT) Sees Large Volume Increase

Shares of Federal Realty Investment Trust (NYSE:FRT) saw an uptick in trading volume on Thursday . 1,084,544 shares were traded 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.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FRT. Mizuho upped their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Wells Fargo & Company increased their price objective 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. JPMorgan Chase & Co. increased their price objective 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. Scotiabank upped their target price on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. Finally, Piper Sandler upped their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.85.

Federal Realty Investment Trust Stock Down 1.1 %

The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of 41.10, a P/E/G ratio of 2.20 and a beta of 1.24. The business’s 50-day moving average is $112.72 and its two-hundred day moving average is $105.03. 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 (NYSE:FRT) last posted its 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 for the quarter, compared to the consensus estimate of $293.61 million. During the same period in the previous year, the company posted $1.67 earnings per share. Federal Realty Investment Trust’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $1.10 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 156.58%.

Insider Transactions at Federal Realty Investment Trust

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

Hedge Funds Weigh In On Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC acquired a new stake in Federal Realty Investment Trust during the 4th quarter valued at $265,000. Great Lakes Advisors LLC lifted its holdings in Federal Realty Investment Trust by 21.0% during the 4th quarter. Great Lakes Advisors LLC now owns 7,743 shares of the real estate investment trust’s stock valued at $798,000 after purchasing an additional 1,346 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Federal Realty Investment Trust by 11.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 117,011 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 12,011 shares during the last quarter. Brown Advisory Inc. lifted its holdings in Federal Realty Investment Trust by 63.4% during the 4th quarter. Brown Advisory Inc. now owns 11,806 shares of the real estate investment trust’s stock valued at $1,217,000 after purchasing an additional 4,581 shares during the last quarter. Finally, ING Groep NV lifted its holdings in Federal Realty Investment Trust by 9.2% during the 4th quarter. ING Groep NV now owns 10,057 shares of the real estate investment trust’s stock valued at $1,036,000 after purchasing an additional 846 shares during the last quarter. 93.86% of the stock is owned by institutional investors.

About Federal Realty Investment Trust

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.