On September 18, 2024, Jeffrey Berkes, President and Chief Operating Officer of Federal Realty Investment Trust (FRT, Financial), sold 18,353 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 53,068 shares of the company.
Federal Realty Investment Trust (FRT, Financial) is a real estate investment trust that focuses on the ownership, management, and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles.
Over the past year, Jeffrey Berkes has sold a total of 23,223 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been four insider sells and no insider buys over the past year.
On the date of the sale, shares of Federal Realty Investment Trust were trading at $115.73. This pricing gives the company a market cap of approximately $9.46 billion. The price-earnings ratio of the company stands at 33.15, which is above the industry median of 17.03.
The stock is considered to be Fairly Valued with a price-to-GF Value ratio of 1.07, based on a GF Value of $108.56. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might be of interest to investors tracking insider behaviors as an indicator of confidence levels regarding the company's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
