Federal Realty Investment Trust (NYSE:FRT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $120.82.

FRT has been the subject of several research reports. Scotiabank increased their target price on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a research note on Monday. Wells Fargo & Company boosted their price objective on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday. Evercore ISI raised their target price on Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday. Piper Sandler increased their price objective on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Family Firm Inc. bought a new stake in shares of Federal Realty Investment Trust during the second quarter worth approximately $33,000. Blue Trust Inc. lifted its stake in shares of Federal Realty Investment Trust by 885.7% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 310 shares during the period. Tidemark LLC bought a new position in shares of Federal Realty Investment Trust in the 4th quarter worth $40,000. Rothschild Investment LLC acquired a new stake in shares of Federal Realty Investment Trust during the second quarter worth $42,000. Finally, Quarry LP acquired a new position in Federal Realty Investment Trust in the fourth quarter valued at about $50,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

NYSE FRT opened at $114.48 on Friday. The stock has a 50-day simple moving average of $108.44 and a 200 day simple moving average of $103.43. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $117.02. The stock has a market capitalization of $9.50 billion, a PE ratio of 40.74, a P/E/G ratio of 2.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.69 and a current ratio of 1.69.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.36). The business had revenue of $295.80 million during the quarter, compared to the consensus estimate of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.14% and a net margin of 24.69%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 earnings per share. Research analysts anticipate that Federal Realty Investment Trust will post 6.8 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Tuesday, October 1st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 156.58%.

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 communities where retail demand exceeds supply.