Federal Realty Investment Trust (NYSE:FRT) Sees Significant Increase in Short Interest

Federal Realty Investment Trust (NYSE:FRT) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,360,000 shares, a growth of 8.8% from the September 30th total of 2,170,000 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 419,600 shares, the short-interest ratio is presently 5.6 days.

A number of large investors have recently bought and sold shares of FRT. Nuveen Asset Management LLC grew its position in Federal Realty Investment Trust by 94.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,311,496 shares of the real estate investment trust’s stock worth $168,869,000 after purchasing an additional 638,193 shares during the period. PGGM Investments boosted its stake in shares of Federal Realty Investment Trust by 47.9% during the 2nd quarter. PGGM Investments now owns 1,907,362 shares of the real estate investment trust’s stock worth $245,592,000 after acquiring an additional 617,362 shares during the last quarter. Resolution Capital Ltd boosted its stake in shares of Federal Realty Investment Trust by 94.6% during the 3rd quarter. Resolution Capital Ltd now owns 1,006,892 shares of the real estate investment trust’s stock worth $137,078,000 after acquiring an additional 489,540 shares during the last quarter. Carlson Capital L P boosted its stake in shares of Federal Realty Investment Trust by 154.5% during the 2nd quarter. Carlson Capital L P now owns 334,984 shares of the real estate investment trust’s stock worth $43,133,000 after acquiring an additional 203,357 shares during the last quarter. Finally, Inverness Counsel LLC NY purchased a new position in shares of Federal Realty Investment Trust during the 2nd quarter worth $21,029,000. 87.85% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on FRT shares. BMO Capital Markets restated a “buy” rating and issued a $135.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, August 5th. ValuEngine upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Zacks Investment Research lowered shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating and set a $148.00 price objective for the company. in a report on Tuesday, October 22nd. Compass Point started coverage on shares of Federal Realty Investment Trust in a report on Thursday, August 15th. They issued a “buy” rating and a $142.00 price objective for the company. Finally, Sandler O’Neill lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $150.00 to $145.00 in a report on Friday, November 1st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $143.50.

Shares of NYSE FRT opened at $131.86 on Monday. Federal Realty Investment Trust has a fifty-two week low of $115.09 and a fifty-two week high of $141.35. The company has a 50 day simple moving average of $135.85 and a two-hundred day simple moving average of $132.60. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 4.30 and a beta of 0.43. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.52 and a current ratio of 1.52.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.75). Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.09%. The business had revenue of $233.90 million for the quarter, compared to the consensus estimate of $231.88 million. During the same period in the prior year, the business posted $1.58 EPS. Federal Realty Investment Trust’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts forecast that Federal Realty Investment Trust will post 6.33 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Tuesday, December 31st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 67.42%.

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 densely populated, affluent communities where retail demand exceeds supply.

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