Federal Realty Investment Trust (NYSE:FRT) Share Price Breaks Below 200-Day Moving Average – Here’s What Happened

Federal Realty Investment Trust (NYSE:FRT) shares crossed 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FRT shares. Citigroup boosted their price objective on Federal Realty Investment Trust from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Mizuho lowered their target price on Federal Realty Investment Trust from $130.00 to $117.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Barclays dropped their target price on Federal Realty Investment Trust from $123.00 to $118.00 and set an “equal weight” rating for the company in a research report on Monday, September 28th. Wall Street Zen raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Piper Sandler boosted their price target on shares of Federal Realty Investment Trust from $131.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. One 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 company. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

Federal Realty Investment Trust Trading Down 0.5%

The company’s 50 day simple moving average is $110.52 and its 200 day simple 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 cap of $9.70 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 2.81 and a beta of 0.94.

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

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, January 4th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 92.80%.

Insider Activity at Federal Realty Investment Trust

In related news, Director Nicole Lamb-Hale sold 1,500 shares of the company’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 sale, the director directly owned 4,613 shares in the company, valued at approximately $502,309.57. This represents a 24.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FRT. Bank of America Corp DE raised its holdings in Federal Realty Investment Trust by 90.2% during the first quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust’s stock worth $54,114,000 after purchasing an additional 241,684 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Federal Realty Investment Trust in the 1st quarter valued at $1,519,000. Contravisory Investment Management Inc. boosted its holdings in shares of 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 valued at $1,198,000 after buying an additional 8,947 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of Federal Realty Investment Trust in the 2nd quarter valued at $3,350,000. Finally, Resolution Capital Ltd grew its position in shares of Federal Realty Investment Trust by 10.3% in the 1st quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock valued at $387,090,000 after buying an additional 340,524 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is a real estate investment trust that owns, operates, and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and destination-style properties that combine retail, restaurants, entertainment, and, in some locations, residential and office space.

The company focuses on established, densely populated communities, primarily in the Northeast, Mid-Atlantic, California, and South Florida. Its properties serve shoppers, residents, and businesses through a mix of national and local retailers, dining options, and other services.

Founded in 1962, Federal Realty has developed and operated properties such as Santana Row in San Jose, California, and Pike & Rose in North Bethesda, Maryland.