Federal Realty Investment Trust (NYSE:FRT) CEO Donald C. Wood Sells 5,937 Shares

Federal Realty Investment Trust (NYSE:FRT) CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Federal Realty Investment Trust Trading Down 0.3 %

NYSE:FRT opened at $116.28 on Thursday. Federal Realty Investment Trust has a 12 month low of $85.59 and a 12 month high of $117.65. The firm has a fifty day simple moving average of $110.87 and a 200-day simple moving average of $104.34. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $9.65 billion, a P/E ratio of 41.38, a PEG ratio of 2.18 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing the consensus estimate 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 company had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. During the same quarter in the previous year, the firm posted $1.67 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research 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 announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, October 1st. This is an increase 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 3.78%. Federal Realty Investment Trust’s payout ratio is currently 156.58%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FRT shares. Mizuho lifted their price objective on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Compass Point lifted their price target on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price target 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 lifted their price target on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Finally, Raymond James lifted their price target on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of $121.58.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its position in Federal Realty Investment Trust by 133.3% during the first quarter. SG Americas Securities LLC now owns 45,035 shares of the real estate investment trust’s stock valued at $4,599,000 after purchasing an additional 25,730 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Federal Realty Investment Trust by 6.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 309,103 shares of the real estate investment trust’s stock valued at $31,567,000 after purchasing an additional 19,453 shares during the period. Heitman Real Estate Securities LLC lifted its position in Federal Realty Investment Trust by 1,553.3% during the fourth quarter. Heitman Real Estate Securities LLC now owns 207,700 shares of the real estate investment trust’s stock valued at $21,403,000 after purchasing an additional 195,137 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Federal Realty Investment Trust by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,355,907 shares of the real estate investment trust’s stock valued at $139,726,000 after purchasing an additional 469,425 shares during the period. Finally, Mizuho Markets Americas LLC lifted its position in Federal Realty Investment Trust by 66.0% during the fourth quarter. Mizuho Markets Americas LLC now owns 51,610 shares of the real estate investment trust’s stock valued at $5,318,000 after purchasing an additional 20,519 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

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.