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

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 1,850,000 shares, a growth of 13.5% from the October 15th total of 1,630,000 shares. Based on an average daily volume of 685,800 shares, the short-interest ratio is currently 2.7 days.

Analyst Ratings Changes

Several brokerages have recently issued reports on FRT. Evercore ISI upped their price target on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Scotiabank lowered their price target on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a "sector outperform" rating for the company in a research report on Friday, October 11th. Piper Sandler upped their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Compass Point raised their price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. Finally, Truist Financial upped their price objective 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and an average target price of $122.85.

Federal Realty Investment Trust Stock Down 0.9 %

FRT traded down $1.01 during trading hours on Monday, hitting $112.53. 673,202 shares of the company's stock were exchanged, compared to its average volume of 631,707. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a 1-year low of $90.84 and a 1-year high of $118.34. The stock's 50-day moving average is $113.58 and its two-hundred day moving average is $108.67. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.14 and a beta of 1.24.

Federal Realty Investment Trust Announces Dividend

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

Insider Activity at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the firm's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Institutional Trading of Federal Realty Investment Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. raised its holdings in shares of 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 valued at $27,000 after purchasing an additional 107 shares during the period. Brooklyn Investment Group acquired a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth approximately $36,000. Family Firm Inc. bought a new stake in Federal Realty Investment Trust in the 2nd quarter valued at $33,000. Blue Trust Inc. lifted its holdings in Federal Realty Investment Trust by 885.7% during the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 310 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in Federal Realty Investment Trust during the second quarter worth $42,000. 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.