Federal Realty Investment Trust’s (FRT) Neutral Rating Reiterated at Citigroup

Citigroup restated their neutral rating on shares of Federal Realty Investment Trust (NYSE:FRT) in a research note issued to investors on Friday morning, MarketBeat Ratings reports. The brokerage currently has a $106.00 target price on the real estate investment trust’s stock, down from their prior target price of $135.00.

A number of other equities analysts have also weighed in on the company. Raymond James decreased their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Mizuho decreased their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Truist Financial downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $114.00 to $105.00 in a research report on Thursday, March 13th. Scotiabank cut their target price on shares of 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. Finally, JPMorgan Chase & Co. lowered their price target on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.62.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $96.80 on Friday. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. Federal Realty Investment Trust has a 1 year low of $94.58 and a 1 year high of $118.34. The firm’s 50-day moving average is $103.78 and its 200 day moving average is $109.38.

Federal Realty Investment Trust (NYSE:FRT) last issued its 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 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 the consensus estimate of $311.85 million. Sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS 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. Investors of record on Tuesday, April 1st will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.55%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 128.28%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Federal Realty Investment Trust by 3.6% in 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 purchasing an additional 168,885 shares in the last quarter. Vert Asset Management LLC boosted its holdings in Federal Realty Investment Trust by 12.3% in the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock worth $3,697,000 after buying an additional 3,617 shares during the period. Principal Financial Group Inc. increased its stake in Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock worth $10,727,000 after buying an additional 7,501 shares in the last quarter. Blue Trust Inc. raised its holdings in Federal Realty Investment Trust by 14.5% during the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 175 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in Federal Realty Investment Trust by 45.3% during the third quarter. Sanctuary Advisors LLC now owns 3,244 shares of the real estate investment trust’s stock valued at $373,000 after acquiring an additional 1,012 shares during the period. 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.