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

Federal Realty Investment Trust (NYSE:FRTGet Free Report) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 1,820,000 shares, an increase of 15.2% from the February 29th total of 1,580,000 shares. Based on an average daily trading volume, of 652,300 shares, the days-to-cover ratio is presently 2.8 days.

Federal Realty Investment Trust Price Performance

NYSE:FRT traded down $0.94 during midday trading on Tuesday, hitting $99.80. The company had a trading volume of 405,367 shares, compared to its average volume of 672,241. Federal Realty Investment Trust has a 52-week low of $85.27 and a 52-week high of $107.61. The stock’s fifty day moving average price is $100.88 and its 200-day moving average price is $97.54. The company has a market capitalization of $8.28 billion, a PE ratio of 35.64, a P/E/G ratio of 2.92 and a beta of 1.21. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.60.

Federal Realty Investment Trust (NYSE:FRTGet Free Report) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $292.05 million. During the same quarter last year, the firm posted $1.58 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, research analysts expect that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, March 13th will be given a $1.09 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $4.36 annualized dividend and a yield of 4.37%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 155.71%.

Institutional Trading of Federal Realty Investment Trust

Several hedge funds have recently added to or reduced their stakes in the business. Nomura Holdings Inc. bought a new stake in Federal Realty Investment Trust in the fourth quarter worth $1,345,000. Quadrature Capital Ltd bought a new stake in Federal Realty Investment Trust in the fourth quarter worth $2,097,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Federal Realty Investment Trust by 141.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 60,270 shares of the real estate investment trust’s stock worth $6,211,000 after purchasing an additional 35,270 shares during the last quarter. Trust Co. of Vermont lifted its stake in Federal Realty Investment Trust by 132.1% in the fourth quarter. Trust Co. of Vermont now owns 3,017 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 1,717 shares during the last quarter. Finally, Richardson Financial Services Inc. bought a new stake in Federal Realty Investment Trust in the fourth quarter worth $51,000. 93.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FRT shares. Barclays lifted their price target on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Piper Sandler boosted their target price on shares of Federal Realty Investment Trust from $116.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, December 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Federal Realty Investment Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $109.00 target price on the stock. Wells Fargo & Company raised shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $110.00 to $112.00 in a report on Thursday, February 29th. Finally, Truist Financial reissued a “buy” rating and set a $117.00 target price on shares of Federal Realty Investment Trust in a report on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $112.60.

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Federal Realty Investment Trust Company Profile

(Get Free Report)

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.

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