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

Federal Realty Investment Trust (NYSE:FRTGet Rating) saw a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 2,010,000 shares, a drop of 9.5% from the December 15th total of 2,220,000 shares. Based on an average trading volume of 564,800 shares, the short-interest ratio is currently 3.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FRT. RB Capital Management LLC acquired a new position in shares of Federal Realty Investment Trust during the 1st quarter worth approximately $272,000. American Century Companies Inc. raised its position in Federal Realty Investment Trust by 119.6% in the first quarter. American Century Companies Inc. now owns 19,465 shares of the real estate investment trust’s stock valued at $2,376,000 after purchasing an additional 10,601 shares during the period. MetLife Investment Management LLC raised its position in Federal Realty Investment Trust by 25.4% in the first quarter. MetLife Investment Management LLC now owns 19,396 shares of the real estate investment trust’s stock valued at $2,368,000 after purchasing an additional 3,929 shares during the period. Panagora Asset Management Inc. raised its position in Federal Realty Investment Trust by 3.9% in the first quarter. Panagora Asset Management Inc. now owns 5,123 shares of the real estate investment trust’s stock valued at $625,000 after purchasing an additional 193 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Federal Realty Investment Trust by 7.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,467 shares of the real estate investment trust’s stock valued at $1,156,000 after purchasing an additional 679 shares during the period. 86.20% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

FRT stock traded up $0.63 during trading on Tuesday, hitting $110.03. The stock had a trading volume of 69,767 shares, compared to its average volume of 455,898. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.40 and a quick ratio of 1.40. Federal Realty Investment Trust has a twelve month low of $86.43 and a twelve month high of $128.64. The stock has a market capitalization of $8.94 billion, a P/E ratio of 23.23, a PEG ratio of 2.58 and a beta of 1.14. The company’s 50-day moving average price is $106.15 and its two-hundred day moving average price is $102.14.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Friday, December 30th. Federal Realty Investment Trust’s dividend payout ratio is currently 91.72%.

Analysts Set New Price Targets

FRT has been the subject of a number of research analyst reports. Evercore ISI reduced their target price on Federal Realty Investment Trust to $104.00 in a research note on Thursday, October 20th. Barclays lifted their price objective on Federal Realty Investment Trust from $114.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, December 6th. Mizuho reduced their price objective on Federal Realty Investment Trust from $125.00 to $109.00 and set a “buy” rating for the company in a research note on Friday, November 11th. Piper Sandler lowered Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $115.00 to $112.00 in a research note on Thursday, December 15th. Finally, Raymond James reduced their price objective on Federal Realty Investment Trust from $130.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 4th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.00.

About Federal Realty Investment Trust

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Federal Realty Investment Trust operates as an equity real estate investment trust. It owns, manages, and re-develops retail and mixed-use properties. The company was founded in 1962 and is headquartered in North Bethesda, MD.

Further Reading

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