Federal Realty Investment Trust (NYSE:FRT) Price Target Cut to $113.00 by Analysts at Wells Fargo & Company

Federal Realty Investment Trust (NYSE:FRT) had its price target trimmed by Wells Fargo & Company from $125.00 to $113.00 in a research report report published on Wednesday, MarketBeat reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

A number of other equities research analysts have also commented on the company. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Mizuho cut 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. Stifel Nicolaus decreased their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Finally, Raymond James decreased their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.85.

Federal Realty Investment Trust Stock Performance

FRT opened at $97.47 on Wednesday. The company has a market cap of $8.35 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The firm’s 50-day moving average price is $104.25 and its 200-day moving average price is $109.75. Federal Realty Investment Trust has a 52-week low of $94.58 and a 52-week high of $118.34.

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

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.51%. 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 added to or reduced their stakes in FRT. Park Square Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter worth about $30,000. Brooklyn Investment Group acquired a new stake in Federal Realty Investment Trust in the 3rd quarter worth about $36,000. Kapitalo Investimentos Ltda purchased a new stake in Federal Realty Investment Trust during the 4th quarter worth approximately $51,000. Venturi Wealth Management LLC raised its holdings in shares of Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 333 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 111 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

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.