Federal Realty Investment Trust (NYSE:FRT) PT Raised to $121.00

Federal Realty Investment Trust (NYSE:FRT) had its target price increased by JPMorgan Chase & Co. from $112.00 to $121.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

FRT has been the topic of several other reports. Wells Fargo & Company increased their target price on Federal Realty Investment Trust from $112.00 to $115.00 and gave the stock an overweight rating in a research report on Tuesday, May 28th. Truist Financial decreased their price target on shares of Federal Realty Investment Trust from $117.00 to $115.00 and set a buy rating for the company in a research report on Monday, May 20th. Evercore ISI cut their price objective on Federal Realty Investment Trust from $115.00 to $114.00 and set an outperform rating on the stock in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a hold rating to a buy rating and increased their target price for the company from $109.00 to $110.00 in a research note on Monday, April 22nd. Finally, Piper Sandler upped their price objective on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an overweight rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $115.82.

Federal Realty Investment Trust Trading Down 0.6 %

Shares of NYSE FRT traded down $0.69 during midday trading on Thursday, reaching $112.11. 37,272 shares of the stock were exchanged, compared to its average volume of 593,320. The stock has a 50 day moving average price of $104.89 and a 200-day moving average price of $102.31. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $9.30 billion, a P/E ratio of 40.14, a P/E/G ratio of 2.26 and a beta of 1.23. Federal Realty Investment Trust has a 52-week low of $85.59 and a 52-week high of $115.05.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly 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 business had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.14% and a net margin of 24.69%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. Equities research analysts expect that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a dividend of $1.10 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date is Tuesday, October 1st. This represents a $4.40 annualized dividend and a yield of 3.92%. Federal Realty Investment Trust’s payout ratio is presently 156.58%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FRT. Lokken Investment Group LLC purchased a new stake in Federal Realty Investment Trust in the 2nd quarter worth about $893,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Federal Realty Investment Trust by 2.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock valued at $535,000 after acquiring an additional 143 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Federal Realty Investment Trust in the second quarter worth $1,981,000. Dimensional Fund Advisors LP boosted its position in Federal Realty Investment Trust by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust’s stock valued at $115,000,000 after purchasing an additional 8,933 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Federal Realty Investment Trust by 4.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock worth $201,355,000 after purchasing an additional 90,395 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

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.