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

Shares of Federal Realty Investment Trust (NYSE:FRT) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $122.77.

A number of equities research analysts have weighed in on the company. Piper Sandler lifted their target price on Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on 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. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $120.00 to $135.00 in a research report on Friday, September 13th. Wells Fargo & Company lifted their target price on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Finally, Evercore ISI lifted their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, September 16th.

Insider Buying and Selling

In related news, 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 transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at $771,020.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust stock in a transaction dated 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 sale, the chief executive officer now owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust 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 disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several institutional investors and hedge funds have recently modified their holdings of FRT. NBC Securities Inc. raised its holdings in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 107 shares during the period. Family Firm Inc. acquired a new position in Federal Realty Investment Trust in the 2nd quarter worth about $33,000. Blue Trust Inc. raised its holdings 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 purchasing an additional 310 shares during the period. Rothschild Investment LLC acquired a new position in Federal Realty Investment Trust in the 2nd quarter worth about $42,000. Finally, Northwest Investment Counselors LLC acquired a new position in Federal Realty Investment Trust in the 1st quarter worth about $51,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $114.43 on Friday. Federal Realty Investment Trust has a 1 year low of $85.59 and a 1 year high of $118.34. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 40.72, a PEG ratio of 2.11 and a beta of 1.23. The business has a 50 day simple moving average of $114.05 and a 200-day simple moving average of $107.16.

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

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.85%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Tuesday, October 1st. Federal Realty Investment Trust’s payout ratio is 156.58%.

Federal Realty Investment Trust Company Profile

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.