Federal Realty Investment Trust (FRT) Insider Donald C. Wood Sells 40,000 Shares of Stock

Federal Realty Investment Trust (NYSE:FRT) insider Donald C. Wood sold 40,000 shares of Federal Realty Investment Trust stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $131.88, for a total transaction of $5,275,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Donald C. Wood also recently made the following trade(s):

  • On Monday, November 13th, Donald C. Wood sold 9,900 shares of Federal Realty Investment Trust stock. The stock was sold at an average price of $132.44, for a total transaction of $1,311,156.00.
  • On Thursday, September 7th, Donald C. Wood sold 21,342 shares of Federal Realty Investment Trust stock. The stock was sold at an average price of $130.86, for a total transaction of $2,792,814.12.
  • On Thursday, September 7th, Donald C. Wood sold 9,286 shares of Federal Realty Investment Trust stock. The stock was sold at an average price of $131.12, for a total transaction of $1,217,580.32.

Shares of Federal Realty Investment Trust (NYSE:FRT) traded up $0.31 on Friday, reaching $131.90. 405,500 shares of the company traded hands, compared to its average volume of 470,146. The company has a market cap of $9,546.44, a P/E ratio of 22.34, a PEG ratio of 3.71 and a beta of 0.31. Federal Realty Investment Trust has a 12-month low of $119.37 and a 12-month high of $145.80. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, beating the 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 business had revenue of $217.95 million for the quarter, compared to analyst estimates of $213.63 million. During the same period in the previous year, the business earned $1.41 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. equities research analysts forecast that Federal Realty Investment Trust will post 5.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $4.00 annualized dividend and a dividend yield of 3.03%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 97.56%.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.truebluetribune.com/2017/11/17/federal-realty-investment-trust-frt-insider-donald-c-wood-sells-40000-shares-of-stock.html.

FRT has been the topic of several recent research reports. Bank of America Corporation upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $140.00 to $146.00 in a research report on Friday, July 21st. BidaskClub raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $136.00 price objective on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. Boenning Scattergood set a $140.00 price objective on shares of Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Evercore ISI lowered shares of Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price objective for the company. in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $140.50.

A number of large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its position in Federal Realty Investment Trust by 3.8% in the third quarter. Sterling Capital Management LLC now owns 53,946 shares of the real estate investment trust’s stock valued at $6,701,000 after buying an additional 1,950 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Federal Realty Investment Trust by 6.1% during the third quarter. Neuberger Berman Group LLC now owns 72,030 shares of the real estate investment trust’s stock worth $8,947,000 after purchasing an additional 4,111 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Federal Realty Investment Trust by 3.4% during the third quarter. California Public Employees Retirement System now owns 167,437 shares of the real estate investment trust’s stock worth $20,797,000 after purchasing an additional 5,519 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Federal Realty Investment Trust during the third quarter worth approximately $237,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of Federal Realty Investment Trust during the third quarter worth approximately $4,844,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

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.

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply