Federal Realty Investment Trust (NYSE:FRT) Reaches New 52-Week Low – What’s Next?

Federal Realty Investment Trust (NYSE:FRT)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $92.90 and last traded at $94.36, with a volume of 255028 shares trading hands. The stock had previously closed at $99.08.

Analyst Ratings Changes

FRT has been the topic of several recent analyst reports. Citigroup reissued a “neutral” rating and set a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Wells Fargo & Company dropped their price target on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. lowered their target price on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, Raymond James cut their price target on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.62.

Federal Realty Investment Trust Stock Down 6.4 %

The stock’s 50 day moving average is $103.33 and its 200 day moving average is $108.99. The company has a market capitalization of $7.95 billion, a PE ratio of 27.11, a PEG ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The business had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.74%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 128.28%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Federal Realty Investment Trust by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock worth $1,459,947,000 after buying an additional 218,671 shares in the last quarter. Norges Bank purchased a new position in Federal Realty Investment Trust during the fourth quarter valued at approximately $810,544,000. JPMorgan Chase & Co. increased its holdings in Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after acquiring an additional 168,885 shares during the period. Resolution Capital Ltd lifted its stake in Federal Realty Investment Trust by 12.4% in the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust’s stock worth $394,417,000 after purchasing an additional 389,266 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock valued at $341,833,000 after purchasing an additional 893,258 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

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.