Federal Realty Investment Trust (NYSE:FRT) PT Lowered to $119.00 at Scotiabank

Federal Realty Investment Trust (NYSE:FRT) had its price target decreased by Scotiabank from $120.00 to $119.00 in a research report sent to investors on Friday, Benzinga reports. Scotiabank currently has a sector outperform rating on the real estate investment trust’s stock.

Several other research firms have also recently issued reports on FRT. Raymond James raised their price target on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an outperform rating in a report on Friday, August 16th. Citigroup raised shares of Federal Realty Investment Trust from a neutral rating to a buy rating and raised their target price for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Truist Financial boosted their price target on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a buy rating in a research note on Wednesday, August 28th. Compass Point raised their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a buy rating in a research note on Tuesday, September 10th. Finally, Evercore ISI upped their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an outperform rating in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $122.77.

Federal Realty Investment Trust Stock Up 0.9 %

Shares of NYSE FRT opened at $111.45 on Friday. Federal Realty Investment Trust has a 12-month low of $85.59 and a 12-month high of $118.34. The firm’s 50-day simple moving average is $113.81 and its 200 day simple moving average is $106.48. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 39.66, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.36). Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The company had revenue of $295.80 million for the quarter, compared to the consensus estimate of $293.61 million. During the same period last year, the company earned $1.67 earnings per share. Federal Realty Investment Trust’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 3.95%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Tuesday, October 1st. Federal Realty Investment Trust’s payout ratio is presently 156.58%.

Insider Transactions at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was 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 this link. In related news, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was 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 directly owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of FRT. CWM LLC boosted its position in Federal Realty Investment Trust by 10.9% during the 3rd quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 110 shares during the last quarter. PFG Investments LLC boosted its holdings in Federal Realty Investment Trust by 2.0% during the second quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock worth $625,000 after purchasing an additional 124 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Federal Realty Investment Trust by 7.6% during the first quarter. GAMMA Investing LLC now owns 1,837 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 130 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Federal Realty Investment Trust by 2.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock valued at $535,000 after purchasing an additional 143 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Federal Realty Investment Trust by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 21,952 shares of the real estate investment trust’s stock valued at $2,216,000 after buying an additional 241 shares during the last quarter. Institutional investors and hedge funds 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.