Federal Realty Investment Trust (NYSE:FRT) Receives $119.77 Average PT from Analysts

Federal Realty Investment Trust (NYSE:FRT) has been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $119.77.

FRT has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Raymond James dropped their target price on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their target price for the company from $114.00 to $105.00 in a research report on Thursday, March 13th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Scotiabank lowered their target price on 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.

Federal Realty Investment Trust Stock Down 2.3 %

Shares of FRT stock opened at $95.03 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 2.20 and a beta of 1.27. The firm has a fifty day moving average of $104.47 and a 200-day moving average of $110.03. Federal Realty Investment Trust has a 12-month low of $94.58 and a 12-month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting the consensus estimate of $1.73. The company had revenue of $311.44 million during the quarter, compared to analysts’ expectations of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. As a group, equities research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s payout ratio is 128.28%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several institutional investors have recently made changes to their positions in the stock. FIL Ltd lifted its holdings in shares of Federal Realty Investment Trust by 0.3% in the 4th quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust’s stock worth $3,984,000 after purchasing an additional 95 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Federal Realty Investment Trust by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 110 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 111 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Federal Realty Investment Trust by 2.7% during the fourth quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock valued at $533,000 after purchasing an additional 125 shares during the period. Finally, Keybank National Association OH increased its position in Federal Realty Investment Trust by 5.1% in the fourth quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock worth $293,000 after buying an additional 128 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 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.