Federal Realty Investment Trust (NYSE:FRT) CEO Donald C. Wood sold 21,342 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $130.86, for a total transaction of $2,792,814.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Donald C. Wood also recently made the following trade(s):

  • On Thursday, September 7th, Donald C. Wood sold 9,286 shares of Federal Realty Investment Trust stock. The stock was sold at an average price of $131.12, for a total transaction of $1,217,580.32.
  • On Wednesday, August 9th, Donald C. Wood sold 2,772 shares of Federal Realty Investment Trust stock. The stock was sold at an average price of $133.06, for a total transaction of $368,842.32.

Federal Realty Investment Trust (NYSE FRT) traded down 0.82% during midday trading on Friday, reaching $129.38. 403,217 shares of the company were exchanged. The firm has a market cap of $9.35 billion, a P/E ratio of 37.47 and a beta of 0.30. Federal Realty Investment Trust has a one year low of $120.50 and a one year high of $160.15. The firm’s 50-day moving average is $130.13 and its 200-day moving average is $130.33.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.03. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The company had revenue of $208 million for the quarter, compared to analyst estimates of $208.33 million. During the same quarter last year, the firm posted $1.42 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Federal Realty Investment Trust will post $3.35 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $4.00 dividend on an annualized basis and a yield of 3.09%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s payout ratio is 113.62%.

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A number of hedge funds have recently made changes to their positions in FRT. BlackRock Inc. increased its position in Federal Realty Investment Trust by 2,290.9% during the first quarter. BlackRock Inc. now owns 7,899,071 shares of the real estate investment trust’s stock worth $1,054,525,000 after acquiring an additional 7,568,695 shares during the period. JPMorgan Chase & Co. increased its position in Federal Realty Investment Trust by 173.7% during the second quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock worth $296,548,000 after acquiring an additional 1,489,133 shares during the period. APG Asset Management US Inc. bought a new position in Federal Realty Investment Trust during the second quarter worth $104,847,000. Uniplan Investment Counsel Inc. increased its position in Federal Realty Investment Trust by 199.9% during the second quarter. Uniplan Investment Counsel Inc. now owns 1,168,479 shares of the real estate investment trust’s stock worth $49,926,000 after acquiring an additional 778,865 shares during the period. Finally, Brookfield Asset Management Inc. bought a new position in Federal Realty Investment Trust during the first quarter worth $101,874,000. 93.94% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on FRT shares. Citigroup Inc. reaffirmed a “buy” rating and set a $156.00 price target (down from $160.00) on shares of Federal Realty Investment Trust in a report on Sunday, June 11th. Jefferies Group LLC reaffirmed a “hold” rating and set a $136.00 price target on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. BidaskClub raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Boenning Scattergood set a $140.00 price target on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Evercore ISI lowered shares of Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price target for the company. in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Federal Realty Investment Trust presently has a consensus rating of “Buy” and an average target price of $140.43.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

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