Federal Realty Investment Trust (NYSE:FRT) CEO Sells $691,482.39 in Stock

Federal Realty Investment Trust (NYSE:FRT) CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Federal Realty Investment Trust Price Performance

Shares of FRT traded up $1.67 during trading hours on Monday, hitting $117.12. 535,694 shares of the stock were exchanged, compared to its average volume of 600,013. The stock’s 50-day moving average price is $110.22 and its two-hundred day moving average price is $104.08. Federal Realty Investment Trust has a 12-month low of $85.59 and a 12-month high of $117.23. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 41.09, 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 EPS 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 during the quarter, compared to analyst estimates of $293.61 million. During the same quarter in the previous year, the company posted $1.67 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. Research analysts expect that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The company 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 $1.10 dividend. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $4.40 annualized dividend and a dividend yield of 3.76%. Federal Realty Investment Trust’s dividend payout ratio is 155.16%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FRT. Vanguard Group Inc. boosted its stake in Federal Realty Investment Trust by 1.5% during the first quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock worth $1,300,101,000 after buying an additional 193,740 shares during the period. Norges Bank acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter worth approximately $743,378,000. Massachusetts Financial Services Co. MA increased its holdings in Federal Realty Investment Trust by 4.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock valued at $201,355,000 after purchasing an additional 90,395 shares during the last quarter. ProShare Advisors LLC increased its holdings in Federal Realty Investment Trust by 2.2% in the 2nd quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust’s stock valued at $174,883,000 after purchasing an additional 36,880 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Federal Realty Investment Trust by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,155,825 shares of the real estate investment trust’s stock valued at $119,108,000 after purchasing an additional 40,984 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FRT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Scotiabank boosted their price target on Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. Wells Fargo & Company lifted their target price 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. 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 research report on Friday, August 2nd. Finally, Mizuho raised their price target on shares of 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. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.82.

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.