Federal Realty Investment Trust (NYSE:FRT) PT Raised to $120.00 at Evercore ISI

Federal Realty Investment Trust (NYSE:FRT) had its price objective boosted by Evercore ISI from $119.00 to $120.00 in a research note issued to investors on Wednesday, Benzinga reports. Evercore ISI currently has an outperform rating on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on FRT. Scotiabank raised their target price on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a sector outperform rating in a research report on Monday, August 26th. Raymond James lifted their price objective 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. Mizuho lifted their price objective on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a neutral rating in a research report on Monday, August 19th. Wells Fargo & Company lifted their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective 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. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $120.82.

Federal Realty Investment Trust Stock Up 0.5 %

Federal Realty Investment Trust stock opened at $115.00 on Wednesday. The company has a market cap of $9.54 billion, a P/E ratio of 40.93, a price-to-earnings-growth ratio of 2.26 and a beta of 1.23. Federal Realty Investment Trust has a 1-year low of $85.59 and a 1-year high of $117.02. The company has a fifty day simple moving average of $108.73 and a 200 day simple moving average of $103.53. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59.

Federal Realty Investment Trust (NYSE:FRT) last released 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 business had revenue of $295.80 million during the quarter, compared to the consensus estimate of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.14%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $1.67 EPS. Research analysts anticipate that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business 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 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 annualized dividend and a dividend yield of 3.83%. Federal Realty Investment Trust’s payout ratio is presently 156.58%.

Institutional Trading of Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Federal Realty Investment Trust by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock worth $1,300,101,000 after buying an additional 193,740 shares during the period. Norges Bank bought a new stake in shares of Federal Realty Investment Trust during the 4th quarter worth about $743,378,000. Massachusetts Financial Services Co. MA boosted its holdings 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 buying an additional 90,395 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Federal Realty Investment Trust by 2.2% during the 2nd quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust’s stock worth $174,883,000 after buying an additional 36,880 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Federal Realty Investment Trust by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,155,825 shares of the real estate investment trust’s stock worth $119,108,000 after buying an additional 40,984 shares during the period. Institutional investors own 93.86% of the company’s stock.

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.