Federal Realty Investment Trust (NYSE:FRT) EVP Dawn M. Becker sold 21,814 shares of Federal Realty Investment Trust stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the completion of the sale, the executive vice president now owns 145,809 shares of the company’s stock, valued at approximately $19,087,856.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Federal Realty Investment Trust (NYSE:FRT) traded down 0.82% during trading on Friday, reaching $129.38. 403,217 shares of the company’s stock traded hands. Federal Realty Investment Trust has a 1-year low of $120.50 and a 1-year high of $160.15. The stock has a 50-day moving average of $130.13 and a 200-day moving average of $130.33. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 37.47 and a beta of 0.30.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The firm had revenue of $208 million during the quarter, compared to analyst estimates of $208.33 million. During the same quarter in the prior year, the business posted $1.42 earnings per share. Federal Realty Investment Trust’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Federal Realty Investment Trust will post $3.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be given a dividend of $1.00 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date is Thursday, September 21st. This represents a $4.00 annualized dividend and a yield of 3.09%. Federal Realty Investment Trust’s dividend payout ratio is 113.62%.

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Hedge funds have recently modified their holdings of the stock. Franklin Parlapiano Turner & Welch LLC acquired a new position in Federal Realty Investment Trust during the first quarter worth approximately $126,000. Global X Management Co. LLC increased its position in Federal Realty Investment Trust by 30.6% during the first quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 292 shares during the last quarter. Advisor Group Inc. increased its position in Federal Realty Investment Trust by 27.4% during the second quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 297 shares during the last quarter. IFP Advisors Inc increased its position in Federal Realty Investment Trust by 0.3% during the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 4 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Federal Realty Investment Trust by 3.6% during the first quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 55 shares during the last quarter. 93.94% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on FRT shares. BidaskClub upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Boenning Scattergood set a $140.00 target price on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a report on Friday, August 4th. Bank of America Corporation upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $140.00 to $146.00 in a report on Friday, July 21st. Citigroup Inc. lifted their target price on shares of Federal Realty Investment Trust from $147.00 to $148.00 and gave the company a “buy” rating in a report on Monday, August 14th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $136.00 target price on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $140.43.

About Federal Realty Investment Trust

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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