Federal Realty Investment Trust (NYSE:FRT) Receives $119.77 Average Target Price from Analysts

Federal Realty Investment Trust (NYSE:FRT) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $119.77.

Several equities research analysts have commented on FRT shares. Wells Fargo & Company dropped 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 research note on Wednesday, January 29th. Mizuho lowered their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Scotiabank cut their target price on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. reduced their price objective on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Finally, StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $95.03 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 has a market capitalization of $8.14 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a one year low of $94.58 and a one year high of $118.34. The company’s 50-day simple moving average is $104.47 and its 200-day simple moving average is $110.03.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. Equities analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.63%. Federal Realty Investment Trust’s dividend payout ratio is currently 128.28%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently modified their holdings of FRT. Vanguard Group Inc. raised its holdings in shares of Federal Realty Investment Trust by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock valued at $1,459,947,000 after buying an additional 218,671 shares during the last quarter. Norges Bank acquired a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at $810,544,000. JPMorgan Chase & Co. raised its position in shares of Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after acquiring an additional 168,885 shares during the last quarter. Resolution Capital Ltd lifted its stake in shares of Federal Realty Investment Trust by 12.4% during the fourth quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust’s stock valued at $394,417,000 after acquiring an additional 389,266 shares during the period. Finally, Invesco Ltd. boosted its holdings in 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 valued at $341,833,000 after acquiring an additional 893,258 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

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.