Federal Realty Investment Trust (FRT): Dawn M Becker , EVP-General Counsel & Sec of Federal Realty Investment Trust sold 13,314 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $158.44 per share for a total value of $2,109,788.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Dawn M Becker (EVP-General Counsel & Sec) sold 13,314 shares at $158.44 per share price.On May 11, 2016, Donald C Wood (Trustee, President and CEO) sold 18,701 shares at $158.15 per share price.
Shares of Federal Realty Investment Trust (FRT) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.48 points or -0.30% at $158.98 with 2,67,506 shares getting traded. Post opening the session at $160.41, the shares hit an intraday low of $158.48 and an intraday high of $160.47 and the price vacillated in this range throughout the day. The company has a market cap of $11,272 M and the number of outstanding shares has been calculated to be 7,09,04,085 shares. The 52-week high of Federal Realty Investment Trust is $160.47 and the 52-week low is $124.87.
Company has been under the radar of several Street Analysts.Federal Realty Investment Trust is Downgraded by RBC Capital Mkts to Underperform while Lowering the Price Target of the company shares to $ 130 from a previous price target of $136 . Earlier the firm had a rating of Sector Perform on the company shares. The Rating was issued on May 6, 2016.Federal Realty Investment Trust is Initiated by Mizuho to Neutral and the brokerage firm has set the Price Target at $158. The Rating was issued on Apr 14, 2016.Federal Realty Investment Trust is Initiated by DA Davidson to Neutral and the brokerage firm has set the Price Target at $160. The Rating was issued on Apr 1, 2016.
Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company is engaged in the ownership management and redevelopment of retail and mixed-use properties. As of December 31 2014 the Company owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as 89 retail real estate projects comprising approximately 20.2 million square feet. These properties are located primarily in the Northeast and Mid-Atlantic regions of the United States as well as in California. As of December 31 2014 the Company owned six retail real estate projects totaling approximately 0.8 million square feet through a joint venture in which it owns a 30% interest. As of December 31 2014 the Company’s real estate projects were 95.6% leased and 94.7% occupied.