Federal Realty Investment Trust (NYSE:FRT) Director Nicole Lamb-Hale Sells 1,500 Shares of Company Stock

Key Points

• Director Nicole Lamb-Hale sold 1,500 Federal Realty shares at an average price of $108.89, generating $163,335 and reducing her direct holdings by 24.54% to 4,613 shares.
• Federal Realty shares recently traded near $108, while quarterly EPS of $0.97 missed the $1.85 consensus estimate despite revenue rising 7.8% year over year.
• The REIT raised its quarterly dividend to $1.16, equivalent to a 4.3% yield, and analysts maintain a “Moderate Buy” consensus with an average price target of $126.94.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) Director Nicole Lamb-Hale sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $108.89, for a total transaction of $163,335.00. Following the transaction, the director directly owned 4,613 shares of the company's stock, valued at $502,309.57. This represents a 24.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Federal Realty Investment Trust Stock Down 0.2%

Shares of Federal Realty Investment Trust stock traded down $0.27 during midday trading on Thursday, hitting $108.02. The company had a trading volume of 990,390 shares, compared to its average volume of 880,497. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market capitalization of $9.33 billion, a P/E ratio of 21.82, a P/E/G ratio of 2.82 and a beta of 0.91. The company has a 50 day moving average of $117.03 and a 200 day moving average of $116.24. Federal Realty Investment Trust has a 52-week low of $90.03 and a 52-week high of $128.21.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.85 by ($0.88). Federal Realty Investment Trust had a net margin of 32.67% and a return on equity of 13.65%. The company had revenue of $335.71 million for the quarter, compared to analysts' expectations of $331.92 million. During the same quarter in the previous year, the firm posted $1.91 EPS. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. On average, equities analysts predict that Federal Realty Investment Trust will post 7.54 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a $1.16 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $4.64 annualized dividend and a dividend yield of 4.3%. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.13. Federal Realty Investment Trust's payout ratio is presently 93.74%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of Federal Realty Investment Trust by 90.2% during the 1st quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust's stock valued at $54,114,000 after purchasing an additional 241,684 shares during the period. Contravisory Investment Management Inc. increased its stake in Federal Realty Investment Trust by 1,175.7% in the 2nd quarter. Contravisory Investment Management Inc. now owns 9,708 shares of the real estate investment trust's stock worth $1,198,000 after buying an additional 8,947 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Federal Realty Investment Trust in the 1st quarter worth $1,519,000. Engineers Gate Manager LP bought a new stake in Federal Realty Investment Trust during the second quarter valued at about $3,350,000. Finally, Resolution Capital Ltd raised its holdings in Federal Realty Investment Trust by 10.3% during the first quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust's stock valued at $387,090,000 after acquiring an additional 340,524 shares during the period. 93.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Truist Financial increased their price objective on shares of Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a "hold" rating in a research report on Friday, June 5th. Barclays dropped their target price on shares of Federal Realty Investment Trust from $123.00 to $118.00 and set an "equal weight" rating on the stock in a research note on Monday. Wells Fargo & Company increased their price target on shares of Federal Realty Investment Trust from $129.00 to $134.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Piper Sandler increased their price target on shares of Federal Realty Investment Trust from $127.00 to $149.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of Federal Realty Investment Trust from $124.00 to $129.00 and gave the company an "overweight" rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $126.94.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust NYSE: FRT is a real estate investment trust that owns, operates, develops and redevelops retail and mixed-use properties. Its portfolio is focused primarily on high-quality shopping centers and properties that combine retail, dining, entertainment, office and residential uses.

Founded in 1962, Federal Realty serves densely populated and affluent communities in major metropolitan markets, including the Mid-Atlantic, Northeast, Florida and California. The company's properties are anchored by grocery stores, specialty retailers, restaurants and other service-oriented businesses, with select developments incorporating apartments, offices and public spaces.

In addition to owning real estate, Federal Realty provides property management, leasing, development and redevelopment services designed to maintain and enhance its properties over the long term.

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