Federal Realty Investment Trust (NYSE:FRT – Get Free Report) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 1,370,000 shares, a decrease of 12.2% from the November 15th total of 1,560,000 shares. Based on an average trading volume of 629,200 shares, the short-interest ratio is presently 2.2 days.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com assumed coverage on Federal Realty Investment Trust in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Evercore ISI upgraded Federal Realty Investment Trust from an “in-line” rating to an “outperform” rating and raised their price target for the company from $104.00 to $108.00 in a research note on Monday, November 27th. Mizuho cut their target price on Federal Realty Investment Trust from $101.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, December 1st. Wells Fargo & Company cut their target price on Federal Realty Investment Trust from $103.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday, November 13th. Finally, Raymond James cut Federal Realty Investment Trust from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $115.00 to $104.00 in a research report on Tuesday, September 5th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.75.

Check Out Our Latest Report on Federal Realty Investment Trust

Federal Realty Investment Trust Stock Performance

NYSE FRT traded down $1.93 on Friday, hitting $105.12. 1,334,674 shares of the company’s stock were exchanged, compared to its average volume of 580,613. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.43 and a quick ratio of 1.43. The firm’s 50-day moving average price is $93.22 and its two-hundred day moving average price is $95.44. Federal Realty Investment Trust has a fifty-two week low of $85.27 and a fifty-two week high of $115.08. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 30.56, a P/E/G ratio of 3.49 and a beta of 1.22.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 4.15%. The ex-dividend date is Friday, December 29th. Federal Realty Investment Trust’s payout ratio is 126.74%.

Insider Buying and Selling

In other news, CEO Donald C. Wood sold 345 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $99.91, for a total transaction of $34,468.95. Following the completion of the transaction, the chief executive officer now directly owns 209,259 shares in the company, valued at $20,907,066.69. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, COO Jeffrey S. Berkes sold 4,870 shares of Federal Realty Investment Trust stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $94.86, for a total value of $461,968.20. Following the completion of the transaction, the chief operating officer now directly owns 65,470 shares in the company, valued at $6,210,484.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Donald C. Wood sold 345 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $99.91, for a total value of $34,468.95. Following the completion of the sale, the chief executive officer now owns 209,259 shares in the company, valued at $20,907,066.69. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in shares of Federal Realty Investment Trust in the 1st quarter worth approximately $1,481,079,000. State Street Corp grew its holdings in shares of Federal Realty Investment Trust by 2.6% in the 2nd quarter. State Street Corp now owns 9,640,944 shares of the real estate investment trust’s stock worth $943,138,000 after acquiring an additional 247,795 shares during the period. BlackRock Inc. grew its holdings in shares of Federal Realty Investment Trust by 3.5% in the 2nd quarter. BlackRock Inc. now owns 8,091,578 shares of the real estate investment trust’s stock worth $783,022,000 after acquiring an additional 274,261 shares during the period. Norges Bank acquired a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth approximately $728,764,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Federal Realty Investment Trust by 12.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,717,403 shares of the real estate investment trust’s stock worth $427,538,000 after acquiring an additional 509,909 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

About Federal Realty Investment Trust (Get Free Report)

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.

See Also

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Original: MarketBeat News Feed: Short Interest in Federal Realty Investment Trust (NYSE:FRT) Declines By 12.2%