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

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

FRT has been the subject of a number of recent research reports. Bank of America boosted their price target on Federal Realty Investment Trust from $141.00 to $144.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Jefferies Financial Group restated a “hold” rating and set a $128.00 price target on shares of Federal Realty Investment Trust in a research note on Wednesday, August 15th. ValuEngine upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Citigroup boosted their price target on Federal Realty Investment Trust from $142.00 to $144.00 and gave the company a “buy” rating in a research note on Monday, August 20th. Finally, Deutsche Bank boosted their price target on Federal Realty Investment Trust from $133.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, August 28th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price 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 price-to-earnings ratio of 22.68, a PEG ratio of 3.75 and a beta of 0.20.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be given a dividend of $1.02 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Monday, December 31st. Federal Realty Investment Trust’s payout ratio is presently 69.04%.

In other news, insider Donald C. Wood sold 12,210 shares of Federal Realty Investment Trust stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $132.43, for a total transaction of $1,616,970.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in Federal Realty Investment Trust by 181.3% in the 3rd quarter. IFP Advisors Inc now owns 889 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 573 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in Federal Realty Investment Trust in the 2nd quarter worth approximately $128,000. First Hawaiian Bank purchased a new position in Federal Realty Investment Trust in the 3rd quarter worth approximately $139,000. JNBA Financial Advisors purchased a new position in Federal Realty Investment Trust in the 3rd quarter worth approximately $176,000. Finally, Wolverine Asset Management LLC purchased a new position in Federal Realty Investment Trust in the 2nd quarter worth approximately $200,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

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About Federal Realty Investment Trust (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.

See Also: Ex-Dividend

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