Federal Realty Investment Trust (FRT) Earns Daily News Impact Rating of 0.11
News stories about Federal Realty Investment Trust (NYSE:FRT) have been trending somewhat positive on Thursday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Federal Realty Investment Trust earned a news impact score of 0.11 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.5514162417327 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Federal Realty Investment Trust (NYSE FRT) traded up $0.11 during trading on Thursday, hitting $132.21. 577,992 shares of the stock were exchanged, compared to its average volume of 466,426. Federal Realty Investment Trust has a 12 month low of $119.37 and a 12 month high of $145.80. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $9,512.35, a P/E ratio of 22.26, a PEG ratio of 3.70 and a beta of 0.31.
Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.03. Federal Realty Investment Trust had a net margin of 35.50% and a return on equity of 13.28%. The company had revenue of $217.95 million during the quarter, compared to the consensus estimate of $213.63 million. During the same quarter in the prior year, the firm posted $1.41 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. equities analysts predict that Federal Realty Investment Trust will post 5.91 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, December 29th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 97.56%.
FRT has been the subject of a number of recent research reports. BMO Capital Markets initiated coverage on shares of Federal Realty Investment Trust in a report on Monday, September 11th. They issued an “outperform” rating and a $145.00 price objective for the company. Boenning Scattergood reissued a “buy” rating and issued a $140.00 price objective on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. UBS raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $141.00 in a report on Thursday, November 9th. Mizuho reaffirmed a “buy” rating and set a $142.00 price target on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Finally, Jefferies Group cut their price target on shares of Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating for the company in a report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $140.50.
In related news, insider Donald C. Wood sold 40,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $131.88, for a total value of $5,275,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dawn M. Becker sold 21,814 shares of the 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 transaction, the executive vice president now directly owns 145,809 shares of the company’s stock, valued at approximately $19,087,856.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,342 shares of company stock valued at $13,452,421. 1.10% of the stock is currently owned by 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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