Federal Realty Investment Trust (NYSE:FRT) Shares Gap Down – Should You Sell?

Federal Realty Investment Trust (NYSE:FRT) shares gapped down before the market opened on Monday . The stock had previously closed at $113.54, but opened at $110.70. Federal Realty Investment Trust shares last traded at $111.53, with a volume of 93,856 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Piper Sandler raised their price objective on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Truist Financial boosted their target price on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, Raymond James raised their price target on Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.85.

Federal Realty Investment Trust Stock Down 1.0 %

The firm’s 50-day moving average price is $113.58 and its 200-day moving average price is $108.67. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $1.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 3.91%. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Insider Transactions at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the completion of the sale, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at $771,020.29. The trade was a 82.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Federal Realty Investment Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. NBC Securities Inc. raised its holdings in shares of Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 107 shares during the period. Brooklyn Investment Group bought a new position in shares of Federal Realty Investment Trust during the third quarter worth about $36,000. Family Firm Inc. acquired a new stake in shares of Federal Realty Investment Trust in the 2nd quarter worth about $33,000. Blue Trust Inc. increased its stake in shares of Federal Realty Investment Trust by 885.7% in the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 310 shares during the period. Finally, Rothschild Investment LLC bought a new position in Federal Realty Investment Trust in the 2nd quarter worth approximately $42,000. 93.86% of the stock is owned by institutional investors and hedge funds.

About Federal Realty Investment Trust

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.