Federal Realty Investment Trust (NYSE:FRT) Stock Price Breaks Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Federal Realty shares fell below their 200-day moving average, trading as low as $111.93 versus the $113.18 average and closing at $112.72.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $124.88, despite mixed recent calls ranging from Hold to Overweight.
• Quarterly EPS of $0.74 missed the $1.85 consensus, while revenue rose 5.2% year over year to $339.02 million. The REIT also announced a $1.16 quarterly dividend, equivalent to a 4.1% yield.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $113.18 and traded as low as $111.93. Federal Realty Investment Trust shares last traded at $112.7220, with a volume of 834,766 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FRT shares. JPMorgan Chase & Co. increased their price objective on Federal Realty Investment Trust from $124.00 to $129.00 and gave the stock an "overweight" rating in a report on Friday, September 4th. UBS Group decreased their target price on Federal Realty Investment Trust from $127.00 to $115.00 and set a "neutral" rating for the company in a research report on Friday, October 9th. Truist Financial began coverage on shares of Federal Realty Investment Trust in a report on Thursday, October 1st. They issued a "hold" rating and a $116.00 target price for the company. Citigroup increased their target price on shares of Federal Realty Investment Trust from $120.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Finally, Piper Sandler boosted their price objective on Federal Realty Investment Trust from $131.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and an average price target of $124.88.

Federal Realty Investment Trust Stock Performance

The stock's 50 day moving average is $110.52 and its two-hundred day moving average is $113.18. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.53 and a quick ratio of 1.70. The firm has a market capitalization of $9.70 billion, a P/E ratio of 22.54, a P/E/G ratio of 2.78 and a beta of 0.94.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.85 by ($1.11). Federal Realty Investment Trust had a net margin of 32.60% and a return on equity of 13.76%. The company had revenue of $339.02 million for the quarter, compared to analysts' expectations of $336.57 million. During the same period in the previous year, the firm posted $1.77 earnings per share. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Federal Realty Investment Trust will post 7.56 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Monday, January 4th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Monday, January 4th. This represents a $4.64 annualized dividend and a yield of 4.1%. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 92.80%.

Insider Activity at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, Director Nicole Lamb-Hale sold 1,500 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $108.89, for a total transaction of $163,335.00. Following the sale, the director directly owned 4,613 shares of the company's stock, valued at approximately $502,309.57. This trade represents a 24.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of institutional investors and hedge funds have recently bought and sold shares of FRT. Aberdeen Group plc lifted its position in Federal Realty Investment Trust by 4.4% during the third quarter. Aberdeen Group plc now owns 42,956 shares of the real estate investment trust's stock valued at $4,652,000 after purchasing an additional 1,795 shares during the period. Fisher Asset Management LLC grew its position in shares of Federal Realty Investment Trust by 265.5% in the third quarter. Fisher Asset Management LLC now owns 370,265 shares of the real estate investment trust's stock valued at $40,096,000 after purchasing an additional 268,975 shares during the last quarter. Fifth Third Bancorp boosted its position in Federal Realty Investment Trust by 21.5% during the 3rd quarter. Fifth Third Bancorp now owns 28,373 shares of the real estate investment trust's stock worth $3,073,000 after acquiring an additional 5,017 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in Federal Realty Investment Trust by 12.2% in the third quarter. Maryland State Retirement & Pension System now owns 5,184 shares of the real estate investment trust's stock valued at $561,000 after acquiring an additional 564 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in Federal Realty Investment Trust in the third quarter worth approximately $215,000. Institutional investors and hedge funds own 93.86% of the company's stock.

About Federal Realty Investment Trust

Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates and redevelops high-quality retail and mixed-use properties. Its portfolio includes shopping centers, street retail, and mixed-use developments that combine retail, residential, office and hospitality uses.

The company focuses on densely populated, affluent communities and prominent locations in major metropolitan markets. Its properties are concentrated in regions including the Northeast, Mid-Atlantic, California and South Florida, and are leased to a broad range of retailers, restaurants, service providers and other commercial tenants.

Founded in 1962, Federal Realty has developed and managed properties designed to serve both local communities and national retailers.

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