Brokerages Set Federal Realty Investment Trust (NYSE:FRT) Target Price at $122.85

Shares of Federal Realty Investment Trust (NYSE:FRT) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $122.85.

Several brokerages recently issued reports on FRT. Evercore ISI increased their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Mizuho raised their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Compass Point boosted their price target on 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. JPMorgan Chase & Co. increased their price objective on Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Finally, Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $120.00 to $135.00 in a research report on Friday, September 13th.

Insider Activity

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust 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 filing with the SEC, which is available through this link. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the sale, the chief executive officer now directly owns 6,637 shares in the company, valued at $771,020.29. 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

Institutional investors and hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in shares of Federal Realty Investment Trust in the 2nd quarter valued at approximately $228,000. Cetera Investment Advisers grew its position in Federal Realty Investment Trust by 1.1% in the second quarter. Cetera Investment Advisers now owns 21,952 shares of the real estate investment trust’s stock valued at $2,216,000 after acquiring an additional 241 shares during the period. Point72 Asset Management L.P. acquired a new position in Federal Realty Investment Trust during the second quarter worth $303,000. Quarry LP lifted its holdings in shares of Federal Realty Investment Trust by 269.9% during the second quarter. Quarry LP now owns 1,498 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 1,093 shares during the period. Finally, Algert Global LLC boosted its stake in shares of Federal Realty Investment Trust by 40.6% in the 2nd quarter. Algert Global LLC now owns 26,048 shares of the real estate investment trust’s stock valued at $2,630,000 after purchasing an additional 7,520 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Up 0.7 %

Shares of Federal Realty Investment Trust stock opened at $114.38 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57. Federal Realty Investment Trust has a 1 year low of $85.59 and a 1 year high of $118.34. The stock has a 50-day moving average price of $113.61 and a 200 day moving average price of $105.60. The company has a market cap of $9.49 billion, a P/E ratio of 40.70, a P/E/G ratio of 2.16 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last posted 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). The company had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 earnings per share. As a group, analysts expect that Federal Realty Investment Trust will post 6.81 EPS 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. Shareholders of record on Tuesday, October 1st will be given a dividend of $1.10 per share. This is a positive change 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 dividend on an annualized basis and a yield of 3.85%. Federal Realty Investment Trust’s payout ratio is currently 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.