Federal Realty Investment Trust (NYSE:FRT) Shares Gap Down – Here’s Why

Federal Realty Investment Trust (NYSE:FRT) shares gapped down before the market opened on Monday . The stock had previously closed at $113.54, but opened at $110.70. Federal Realty Investment Trust shares last traded at $111.53, with a volume of 93,856 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FRT. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $120.00 to $135.00 in a report on Friday, September 13th. Piper Sandler increased their price target on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Truist Financial raised their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. 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 research report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus price target of $122.85.

Federal Realty Investment Trust Stock Up 0.6 %

The stock has a market capitalization of $9.39 billion, a P/E ratio of 32.92, a PEG ratio of 2.15 and a beta of 1.24. The stock has a 50 day moving average price of $113.42 and a 200-day moving average price of $108.80. 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 declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is 127.91%.

Insider Transactions at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 30,292 shares of the company’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 sale, the chief executive officer now owns 6,637 shares in the company, valued at $771,020.29. This represents a 82.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Federal Realty Investment Trust

Institutional investors have recently modified their holdings of the stock. NBC Securities Inc. boosted its stake in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 107 shares in the last quarter. Family Firm Inc. bought a new position in shares of Federal Realty Investment Trust in the second quarter worth approximately $33,000. Blue Trust Inc. grew its holdings in shares of Federal Realty Investment Trust by 885.7% during the second 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 during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Federal Realty Investment Trust during the third quarter valued at approximately $36,000. Finally, Rothschild Investment LLC purchased a new position in Federal Realty Investment Trust in the 2nd quarter worth approximately $42,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

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.