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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FRT shares. Compass Point raised their target price on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Piper Sandler upped their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Mizuho lifted their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Scotiabank lowered their price objective on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a research report on Friday, October 11th. Finally, Raymond James lifted their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of $122.85.

Federal Realty Investment Trust Stock Performance

The company has a market cap of $9.33 billion, a PE ratio of 33.01, a PEG ratio of 2.14 and a beta of 1.24. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The business has a 50-day moving average of $113.58 and a 200 day moving average of $108.67.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $1.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.91%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.

Insider Activity at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FRT. NBC Securities Inc. boosted its stake in shares of Federal Realty Investment Trust by 81.7% in the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 107 shares during the last quarter. CWM LLC lifted its stake in Federal Realty Investment Trust by 10.9% in the 3rd quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 110 shares in the last quarter. PFG Investments LLC raised its holdings in Federal Realty Investment Trust by 2.0% in the 2nd quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock valued at $625,000 after buying an additional 124 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Federal Realty Investment Trust by 2.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock valued at $535,000 after purchasing an additional 143 shares during the period. Finally, M&T Bank Corp grew its position in shares of Federal Realty Investment Trust by 1.5% during the third quarter. M&T Bank Corp now owns 9,771 shares of the real estate investment trust’s stock worth $1,123,000 after buying an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

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.