Federal Realty Investment Trust (NYSE:FRT) Given New $130.00 Price Target at Compass Point

Federal Realty Investment Trust (NYSE:FRT) had its target price raised by Compass Point from $125.00 to $130.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company raised their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an overweight rating in a research note on Wednesday, August 28th. Truist Financial boosted their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a buy rating in a research note on Wednesday, August 28th. Piper Sandler increased their price objective on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an overweight rating in a research note on Friday, August 2nd. Mizuho boosted their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a neutral rating in a research report on Monday, August 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a neutral rating in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of Moderate Buy and a consensus price target of $121.58.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $116.60 on Tuesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 41.49, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24. The business has a 50-day simple moving average of $110.56 and a two-hundred day simple moving average of $104.21. Federal Realty Investment Trust has a fifty-two week low of $85.59 and a fifty-two week high of $117.65.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.36). Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The company had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $293.61 million. During the same period in the previous year, the firm earned $1.67 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be paid a dividend of $1.10 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.77%. Federal Realty Investment Trust’s payout ratio is 155.16%.

Insiders Place Their Bets

In other news, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at approximately $771,020.29. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Family Firm Inc. purchased a new stake in shares of Federal Realty Investment Trust in the second quarter worth about $33,000. Blue Trust Inc. increased its stake in 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 worth $35,000 after acquiring an additional 310 shares during the last quarter. Tidemark LLC purchased a new stake in shares of Federal Realty Investment Trust during the 4th quarter worth approximately $40,000. Rothschild Investment LLC bought a new position in shares of Federal Realty Investment Trust during the 2nd quarter valued at approximately $42,000. Finally, Quarry LP purchased a new position in shares of Federal Realty Investment Trust in the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

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.