Short Interest in Federal Realty Investment Trust (NYSE:FRT) Increases By 8.8%

Federal Realty Investment Trust (NYSE:FRT) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,360,000 shares, an increase of 8.8% from the September 30th total of 2,170,000 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily volume of 419,600 shares, the days-to-cover ratio is currently 5.6 days.

Several institutional investors have recently bought and sold shares of FRT. Johnson Investment Counsel Inc. boosted its holdings in Federal Realty Investment Trust by 19.7% in the second quarter. Johnson Investment Counsel Inc. now owns 266,688 shares of the real estate investment trust’s stock worth $34,338,000 after purchasing an additional 43,801 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in Federal Realty Investment Trust by 47.4% in the second quarter. IFM Investors Pty Ltd now owns 5,560 shares of the real estate investment trust’s stock worth $716,000 after purchasing an additional 1,787 shares in the last quarter. Green Street Investors LLC bought a new stake in Federal Realty Investment Trust in the third quarter worth $4,765,000. Brasada Capital Management LP bought a new stake in Federal Realty Investment Trust in the second quarter worth $880,000. Finally, Stone Ridge Asset Management LLC boosted its holdings in Federal Realty Investment Trust by 98.0% in the second quarter. Stone Ridge Asset Management LLC now owns 39,000 shares of the real estate investment trust’s stock worth $5,022,000 after purchasing an additional 19,300 shares in the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.

Several analysts have issued reports on FRT shares. ValuEngine raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Deutsche Bank raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and boosted their target price for the company from $134.00 to $141.00 in a research note on Thursday, September 5th. Mizuho upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $146.00 price target on the stock in a report on Friday, September 13th. DA Davidson cut shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a report on Tuesday, July 23rd. Finally, Zacks Investment Research cut shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating and set a $148.00 price target on the stock. in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $143.50.

Shares of Federal Realty Investment Trust stock traded up $0.14 on Friday, hitting $131.86. 209,385 shares of the company traded hands, compared to its average volume of 363,369. The company has a 50-day moving average price of $135.85 and a 200 day moving average price of $132.60. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.42. Federal Realty Investment Trust has a 12-month low of $115.09 and a 12-month high of $141.35. The company has a market cap of $9.95 billion, a PE ratio of 21.17, a PEG ratio of 4.30 and a beta of 0.43.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.84 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.75). Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.09%. The company had revenue of $233.90 million for the quarter, compared to analysts’ expectations of $231.88 million. During the same quarter in the prior year, the firm earned $1.58 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Equities research analysts anticipate that Federal Realty Investment Trust will post 6.33 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, December 31st. Federal Realty Investment Trust’s dividend payout ratio is currently 67.42%.

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 densely populated, affluent communities where retail demand exceeds supply.

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