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

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,820,000 shares, a growth of 15.2% from the February 29th total of 1,580,000 shares. Based on an average daily volume of 652,300 shares, the days-to-cover ratio is currently 2.8 days.

Federal Realty Investment Trust Trading Down 0.9 %

Shares of NYSE FRT traded down $0.94 during mid-day trading on Tuesday, hitting $99.80. The company's stock had a trading volume of 405,367 shares, compared to its average volume of 672,241. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 2.92 and a beta of 1.21. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.64 and a quick ratio of 2.64. Federal Realty Investment Trust has a one year low of $85.27 and a one year high of $107.61. The company's fifty day simple moving average is $100.88 and its 200-day simple moving average is $97.54.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.88). The business had revenue of $291.50 million during the quarter, compared to the consensus estimate of $292.05 million. Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $1.58 EPS. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, March 13th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 4.37%. The ex-dividend date is Tuesday, March 12th. Federal Realty Investment Trust's payout ratio is 155.71%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FRT. Deutsche Bank Aktiengesellschaft began coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, January 30th. They set a "hold" rating and a $109.00 target price for the company. Mizuho dropped their target price on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a "neutral" rating for the company in a research report on Friday, February 23rd. Piper Sandler raised their price objective on shares of Federal Realty Investment Trust from $116.00 to $122.00 and gave the company an "overweight" rating in a research report on Wednesday, December 20th. Scotiabank lowered their price objective on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a "sector outperform" rating for the company in a research report on Wednesday, February 28th. Finally, Truist Financial restated a "buy" rating and issued a $117.00 price objective on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of "Moderate Buy" and an average target price of $112.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FRT. Vanguard Group Inc. bought a new position in Federal Realty Investment Trust during the 1st quarter worth approximately $1,481,079,000. Norges Bank bought a new position in Federal Realty Investment Trust in the fourth quarter valued at approximately $743,378,000. Massachusetts Financial Services Co. MA bought a new position in Federal Realty Investment Trust in the third quarter valued at approximately $80,342,000. Invesco Ltd. lifted its stake in Federal Realty Investment Trust by 62.6% in the first quarter. Invesco Ltd. now owns 1,330,651 shares of the real estate investment trust's stock valued at $162,432,000 after buying an additional 512,382 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Federal Realty Investment Trust by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 4,717,403 shares of the real estate investment trust's stock valued at $427,538,000 after buying an additional 509,909 shares in the last quarter. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Company Profile

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.

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