News coverage about Federal Realty Investment Trust (NYSE:FRT) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Federal Realty Investment Trust earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.4398806332773 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Federal Realty Investment Trust (NYSE:FRT) traded up $1.03 during trading hours on Monday, reaching $133.57. The company’s stock had a trading volume of 481,622 shares, compared to its average volume of 466,156. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $9,680.00, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 3.74 and a beta of 0.34. Federal Realty Investment Trust has a 12-month low of $119.37 and a 12-month high of $145.80.
Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.03. The firm had revenue of $217.95 million for the quarter, compared to analyst estimates of $213.63 million. Federal Realty Investment Trust had a return on equity of 13.28% and a net margin of 35.50%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.41 earnings per share. equities research analysts forecast that Federal Realty Investment Trust will post 5.91 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $4.00 annualized dividend and a yield of 2.99%. Federal Realty Investment Trust’s dividend payout ratio is 127.39%.
Several research analysts recently commented on the company. Stifel Nicolaus assumed coverage on Federal Realty Investment Trust in a research report on Thursday. They set a “buy” rating and a $144.00 price target for the company. UBS raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $131.00 to $141.00 in a research report on Thursday, November 9th. Mizuho restated a “buy” rating and issued a $142.00 price objective on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. Boenning Scattergood restated a “buy” rating and issued a $140.00 price objective on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. Finally, BMO Capital Markets began coverage on Federal Realty Investment Trust in a research note on Sunday, September 17th. They issued an “outperform” rating and a $145.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $140.82.
In other news, CEO Donald C. Wood sold 21,342 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $130.86, for a total transaction of $2,792,814.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dawn M. Becker sold 21,814 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $130.91, for a total value of $2,855,670.74. Following the transaction, the executive vice president now owns 145,809 shares in the company, valued at approximately $19,087,856.19. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,342 shares of company stock worth $13,452,421. 1.10% of the stock is owned by corporate insiders.
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Federal Realty Investment Trust Company Profile
Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.
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