Federal Realty Investment Trust (NYSE:FRT) Receives $119.77 Consensus Price Target from Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT) have earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $119.77.

A number of research analysts have recently commented on the stock. Wells Fargo & Company cut their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Raymond James reduced their target price on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Scotiabank lowered their price target on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Stifel Nicolaus dropped their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, Truist Financial lowered Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $114.00 to $105.00 in a research report on Thursday, March 13th.

Federal Realty Investment Trust Trading Down 0.3 %

FRT opened at $97.28 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The stock’s 50 day moving average price is $104.60 and its 200-day moving average price is $110.20. Federal Realty Investment Trust has a one year low of $94.58 and a one year high of $118.34. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 28.36, a P/E/G ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. On average, equities analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.52%. Federal Realty Investment Trust’s payout ratio is 128.28%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth about $810,544,000. Centersquare Investment Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 935.8% in the 4th quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust’s stock valued at $116,654,000 after acquiring an additional 941,414 shares during the last quarter. Invesco Ltd. increased its stake in shares of Federal Realty Investment Trust by 41.4% in the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock worth $341,833,000 after acquiring an additional 893,258 shares during the period. Janus Henderson Group PLC increased its stake in shares of Federal Realty Investment Trust by 1,463.8% in the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock worth $70,251,000 after acquiring an additional 572,008 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Federal Realty Investment Trust by 73.4% during the fourth quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust’s stock worth $138,231,000 after purchasing an additional 522,531 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile

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.