Key Points
- Director Nicole Lamb-Hale sold 1,500 FRT shares for $163,335, reducing her direct ownership by 24.54% to 4,613 shares.
- Federal Realty reported quarterly EPS of $0.97, missing the $1.85 consensus estimate, while revenue rose 7.8% year over year to $335.71 million.
- The company increased its quarterly dividend to $1.16 per share, or $4.64 annually, yielding approximately 4.3%; analysts maintain a “Moderate Buy” consensus with a $126.81 target price.
Federal Realty Investment Trust (NYSE:FRT - Get Free Report) Director Nicole Lamb-Hale sold 1,500 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $108.89, for a total transaction of $163,335.00. Following the completion of the transaction, the director directly owned 4,613 shares of the company's stock, valued at $502,309.57. This trade represents a 24.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Federal Realty Investment Trust Trading Down 0.2%
FRT opened at $108.02 on Friday. The company has a market cap of $9.33 billion, a P/E ratio of 21.82, a PEG ratio of 2.79 and a beta of 0.93. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.46. The company's 50 day moving average is $116.69 and its 200-day moving average is $116.26. Federal Realty Investment Trust has a 1-year low of $90.03 and a 1-year high of $128.21.
Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.85 by ($0.88). The company had revenue of $335.71 million for the quarter, compared to analyst estimates of $331.92 million. Federal Realty Investment Trust had a return on equity of 13.65% and a net margin of 32.67%.Federal Realty Investment Trust's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.91 earnings per share. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. Equities research analysts predict that Federal Realty Investment Trust will post 7.54 earnings per share for the current fiscal year.
Federal Realty Investment Trust Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 4.3%. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.13. The ex-dividend date is Thursday, October 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 91.31%.
Wall Street Analyst Weigh In
FRT has been the subject of a number of research reports. Citigroup increased their price target on Federal Realty Investment Trust from $120.00 to $130.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Bank of America boosted their price objective on Federal Realty Investment Trust from $128.00 to $131.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. Barclays lowered 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 report on Monday. Truist Financial set a $116.00 target price on Federal Realty Investment Trust in a research report on Thursday. Finally, Evercore set a $123.00 price target on Federal Realty Investment Trust in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $126.81.
Check Out Our Latest Stock Analysis on FRT
Hedge Funds Weigh In On Federal Realty Investment Trust
A number of hedge funds have recently modified their holdings of FRT. Resolution Capital Ltd increased its stake in shares of Federal Realty Investment Trust by 10.3% in the first 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 period. Geode Capital Management LLC raised its holdings in Federal Realty Investment Trust by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust's stock worth $221,217,000 after purchasing an additional 23,214 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Federal Realty Investment Trust by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,284,001 shares of the real estate investment trust's stock worth $136,368,000 after purchasing an additional 53,109 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Federal Realty Investment Trust in the 2nd quarter worth approximately $59,832,000. Finally, Bank of America Corp DE lifted its position in shares of Federal Realty Investment Trust by 90.2% in the 1st 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 during the period. Institutional investors and hedge funds own 93.86% of the company's stock.
About Federal Realty Investment Trust
(
Get Free Report)
Federal Realty Investment Trust (NYSE:FRT) is a real estate investment trust that owns, operates, develops and redevelops retail and mixed-use properties. Its portfolio is focused primarily on high-quality shopping centers and properties that combine retail, dining, entertainment, office and residential uses.
Founded in 1962, Federal Realty serves densely populated and affluent communities in major metropolitan markets, including the Mid-Atlantic, Northeast, Florida and California. The company's properties are anchored by grocery stores, specialty retailers, restaurants and other service-oriented businesses, with select developments incorporating apartments, offices and public spaces.
In addition to owning real estate, Federal Realty provides property management, leasing, development and redevelopment services designed to maintain and enhance its properties over the long term.
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