Federal Realty Investment Trust (FRT) Reaches New 52-Week High at $134.81

Shares of Federal Realty Investment Trust (NYSE:FRT) hit a new 52-week high during trading on Thursday . The company traded as high as $134.81 and last traded at $135.03, with a volume of 21318 shares. The stock had previously closed at $131.27.

A number of brokerages recently commented on FRT. Deutsche Bank raised their price target on Federal Realty Investment Trust from $133.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, August 28th. Citigroup raised their price target on Federal Realty Investment Trust from $142.00 to $144.00 and gave the stock a “buy” rating in a research note on Monday, August 20th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $128.00 price target on shares of Federal Realty Investment Trust in a research note on Wednesday, August 15th. Scotiabank began coverage on Federal Realty Investment Trust in a research note on Tuesday, October 16th. They issued an “outperform” rating for the company. Finally, Wells Fargo & Co raised their price target on Federal Realty Investment Trust from $144.00 to $148.00 and gave the stock an “outperform” rating in a research note on Thursday, November 15th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Federal Realty Investment Trust has a consensus rating of “Buy” and a consensus price target of $137.38.

The company has a debt-to-equity ratio of 1.43, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $10.01 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 3.75 and a beta of 0.20.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.82 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.73). The firm had revenue of $229.75 million for the quarter, compared to analysts’ expectations of $228.71 million. Federal Realty Investment Trust had a net margin of 26.33% and a return on equity of 10.65%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.50 EPS. Analysts anticipate that Federal Realty Investment Trust will post 6.21 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $4.08 annualized dividend and a yield of 3.04%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 69.04%.

In other Federal Realty Investment Trust news, insider Donald C. Wood sold 12,210 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $132.43, for a total transaction of $1,616,970.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Federal Realty Investment Trust in the 2nd quarter worth about $8,317,000. Centersquare Investment Management LLC raised its position in shares of Federal Realty Investment Trust by 434.3% in the 2nd quarter. Centersquare Investment Management LLC now owns 265,022 shares of the real estate investment trust’s stock worth $33,538,000 after purchasing an additional 215,419 shares during the last quarter. Millennium Management LLC raised its position in shares of Federal Realty Investment Trust by 68.1% in the 2nd quarter. Millennium Management LLC now owns 496,117 shares of the real estate investment trust’s stock worth $62,784,000 after purchasing an additional 200,949 shares during the last quarter. First Trust Advisors LP raised its position in shares of Federal Realty Investment Trust by 12.2% in the 3rd quarter. First Trust Advisors LP now owns 205,477 shares of the real estate investment trust’s stock worth $25,987,000 after purchasing an additional 22,278 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Federal Realty Investment Trust by 19.4% in the 2nd quarter. Toronto Dominion Bank now owns 47,068 shares of the real estate investment trust’s stock worth $5,954,000 after purchasing an additional 7,658 shares during the last quarter. 91.85% of the stock is owned by hedge funds and other institutional investors.

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Federal Realty Investment Trust Company Profile (NYSE:FRT)

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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