Federal Realty Investment Trust (NYSE:FRT) Short Interest Update

Federal Realty Investment Trust (NYSE:FRT) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 1,850,000 shares, a growth of 13.5% from the October 15th total of 1,630,000 shares. Based on an average daily volume of 685,800 shares, the days-to-cover ratio is currently 2.7 days.

Federal Realty Investment Trust Trading Down 1.1 %

Shares of Federal Realty Investment Trust stock traded down $1.23 on Monday, hitting $112.31. 127,306 shares of the company’s stock traded hands, compared to its average volume of 629,163. The firm’s 50-day moving average price is $113.58 and its two-hundred day moving average price is $108.67. The stock has a market capitalization of $9.32 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. Federal Realty Investment Trust has a one year low of $90.84 and a one year high of $118.34. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is 127.91%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Scotiabank reduced their target price on Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a report on Friday, October 11th. Raymond James boosted their target price on Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Evercore ISI upped their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $120.00 to $135.00 in a report on Friday, September 13th. Finally, Wells Fargo & Company upped their price objective 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.85.

Insider Buying and Selling at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 30,292 shares of the business’s 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 transaction, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at $771,020.29. The trade was a 82.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Federal Realty Investment Trust

Several institutional investors and hedge funds have recently made changes to their positions in FRT. NBC Securities Inc. raised its position in shares of Federal Realty Investment Trust by 81.7% during the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 107 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Federal Realty Investment Trust in the 2nd quarter valued at $33,000. Blue Trust Inc. increased its position in shares of Federal Realty Investment Trust by 885.7% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 310 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Federal Realty Investment Trust in the 3rd quarter valued at $36,000. Finally, Rothschild Investment LLC bought a new stake in shares of Federal Realty Investment Trust in the 2nd quarter valued at $42,000. 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.