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

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,630,000 shares, an increase of 16.9% from the April 30th total of 2,250,000 shares. Approximately 3.1% of the company's stock are sold short. Based on an average daily volume of 843,000 shares, the short-interest ratio is currently 3.1 days.

Federal Realty Investment Trust Trading Up 2.2%

Shares of FRT traded up $2.03 during mid-day trading on Friday, reaching $96.50. The company's stock had a trading volume of 839,745 shares, compared to its average volume of 695,170. The stock has a market cap of $8.28 billion, a PE ratio of 28.14, a P/E/G ratio of 2.20 and a beta of 1.11. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. The company's fifty day moving average price is $93.75 and its two-hundred day moving average price is $102.27.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The firm had revenue of $302.29 million during the quarter, compared to analyst estimates of $307.55 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 EPS. On average, analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.56%. Federal Realty Investment Trust's payout ratio is 126.07%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FRT. Wells Fargo & Company reduced their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Piper Sandler cut their target price on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. BMO Capital Markets reiterated an "outperform" rating and set a $110.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Mizuho cut their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus cut their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $113.33.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds have recently made changes to their positions in FRT. Versant Capital Management Inc increased its stake in shares of Federal Realty Investment Trust by 82.3% in the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock worth $28,000 after buying an additional 130 shares during the period. Park Square Financial Group LLC purchased a new position in shares of Federal Realty Investment Trust in the fourth quarter worth $30,000. GKV Capital Management Co. Inc. purchased a new position in shares of Federal Realty Investment Trust in the first quarter worth $30,000. Federated Hermes Inc. increased its stake in shares of Federal Realty Investment Trust by 143.9% in the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust's stock worth $33,000 after buying an additional 200 shares during the period. Finally, Dagco Inc. purchased a new position in shares of Federal Realty Investment Trust in the first quarter worth $34,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.