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

Federal Realty Investment Trust (NYSE:FRT) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 2,480,000 shares, a decline of 5.7% from the November 30th total of 2,630,000 shares. Based on an average daily volume of 619,500 shares, the days-to-cover ratio is currently 4.0 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Tuesday. Evercore ISI boosted their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $122.00 to $125.00 in a report on Friday, December 20th. Finally, Scotiabank lifted their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.62.

Institutional Trading of Federal Realty Investment Trust

Several institutional investors have recently modified their holdings of FRT. JPMorgan Chase & Co. lifted its holdings in shares of Federal Realty Investment Trust by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after purchasing an additional 168,885 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Federal Realty Investment Trust by 8.7% in the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after buying an additional 7,501 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in shares of Federal Realty Investment Trust in the third quarter valued at approximately $1,322,000. Edgestream Partners L.P. purchased a new position in shares of Federal Realty Investment Trust during the second quarter worth approximately $1,981,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Federal Realty Investment Trust by 2,190.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,153 shares of the real estate investment trust’s stock valued at $520,000 after acquiring an additional 4,928 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Up 0.9 %

Federal Realty Investment Trust stock traded up $1.03 during midday trading on Wednesday, reaching $111.95. The company’s stock had a trading volume of 544,102 shares, compared to its average volume of 624,179. The company has a market cap of $9.29 billion, a P/E ratio of 32.54, a P/E/G ratio of 2.14 and a beta of 1.24. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The business has a 50-day simple moving average of $113.42 and a 200-day simple moving average of $111.46. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 annualized dividend and a yield of 3.93%. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

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.