Federal Realty Investment Trust (NYSE:FRT – Get Free Report) dropped 5% during mid-day trading on Friday after Stifel Nicolaus lowered their price target on the stock from $115.75 to $115.00. Stifel Nicolaus currently has a hold rating on the stock. Federal Realty Investment Trust traded as low as $106.33 and last traded at $106.19. Approximately 621,921 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 684,870 shares. The stock had previously closed at $111.82.
FRT has been the subject of a number of other reports. Scotiabank increased their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $122.00 to $125.00 in a research note on Friday, December 20th. Wells Fargo & Company reduced their price objective on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $123.46.
Check Out Our Latest Report on FRT
Hedge Funds Weigh In On Federal Realty Investment Trust
Federal Realty Investment Trust Stock Down 6.1 %
The firm has a market capitalization of $8.71 billion, a PE ratio of 30.53, a PEG ratio of 2.34 and a beta of 1.24. The business’s 50 day simple moving average is $109.06 and its 200 day simple moving average is $112.13. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48.
Federal Realty Investment Trust (NYSE:FRT – Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.67% and a return on equity of 10.01%. On average, equities research analysts forecast that Federal Realty Investment Trust will post 6.77 earnings per share for the current year.
Federal Realty Investment Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.19%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.
About Federal Realty Investment Trust
Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.
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