Federal Realty Investment Trust (NYSE:FRT) Sets New 52-Week High Following Analyst Upgrade

Federal Realty Investment Trust (NYSE:FRT)’s share price reached a new 52-week high on Monday after Evercore ISI raised their price target on the stock from $120.00 to $123.00. Evercore ISI currently has an outperform rating on the stock. Federal Realty Investment Trust traded as high as $118.34 and last traded at $117.33, with a volume of 66302 shares traded. The stock had previously closed at $117.39.

A number of other research analysts have also recently commented on FRT. Mizuho increased their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Truist Financial upped their price target on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. upped their price target on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Raymond James upped their price target on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company upped their price target on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of $122.85.

Insiders Place Their Bets

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the transaction, the chief executive officer now owns 6,637 shares of the company’s stock, valued at $771,020.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC bought a new stake in Federal Realty Investment Trust in the 4th quarter worth approximately $265,000. Great Lakes Advisors LLC raised its stake in Federal Realty Investment Trust by 21.0% during the 4th quarter. Great Lakes Advisors LLC now owns 7,743 shares of the real estate investment trust’s stock valued at $798,000 after buying an additional 1,346 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Federal Realty Investment Trust by 11.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 117,011 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12,011 shares during the last quarter. Brown Advisory Inc. raised its stake in Federal Realty Investment Trust by 63.4% during the 4th quarter. Brown Advisory Inc. now owns 11,806 shares of the real estate investment trust’s stock valued at $1,217,000 after buying an additional 4,581 shares during the last quarter. Finally, ING Groep NV raised its stake in Federal Realty Investment Trust by 9.2% during the 4th quarter. ING Groep NV now owns 10,057 shares of the real estate investment trust’s stock valued at $1,036,000 after buying an additional 846 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

The firm has a market capitalization of $9.59 billion, a PE ratio of 41.16, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57. The business’s 50 day simple moving average is $112.46 and its two-hundred day simple moving average is $104.96.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). The company had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. Federal Realty Investment Trust’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 earnings per share. Research analysts expect that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $1.10 per share. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.80%. Federal Realty Investment Trust’s payout ratio is presently 156.58%.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.