Federal Realty Investment Trust (NYSE:FRT) Shares Gap Down - What's Next?

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) shares gapped down prior to trading 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 trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. Truist Financial increased their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. 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. Raymond James increased their price target on Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, August 16th. Finally, Mizuho increased their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $122.85.

Federal Realty Investment Trust Trading Down 0.9 %

The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.14 and a beta of 1.24. The firm 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.91%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust's dividend payout ratio is currently 127.91%.

Insider Buying and Selling at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the transaction, the chief executive officer now directly owns 6,637 shares of the company's stock, valued at approximately $771,020.29. This trade represents a 82.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several large investors have recently modified their holdings of FRT. Janus Henderson Group PLC boosted its stake in shares of Federal Realty Investment Trust by 1,463.8% during the 3rd quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust's stock worth $70,251,000 after acquiring an additional 572,008 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Federal Realty Investment Trust by 571.1% in the second quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust's stock worth $64,868,000 after buying an additional 546,711 shares during the period. FMR LLC boosted its position in shares of Federal Realty Investment Trust by 667.2% in the third quarter. FMR LLC now owns 572,809 shares of the real estate investment trust's stock worth $65,856,000 after buying an additional 498,146 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Federal Realty Investment Trust by 456.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust's stock worth $69,544,000 after buying an additional 496,129 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Federal Realty Investment Trust by 304.0% in the second quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust's stock worth $41,963,000 after buying an additional 312,726 shares during the period. 93.86% of the stock is owned by institutional investors.

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.