Federal Realty Investment Trust (NYSE:FRT) Receives $113.33 Average PT from Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $113.33.

A number of analysts have recently weighed in on FRT shares. Scotiabank reiterated an “outperform” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, May 21st. Wells Fargo & Company cut their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Citigroup reiterated a “neutral” rating and issued a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Truist Financial downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their price target for the stock from $114.00 to $105.00 in a report on Thursday, March 13th. Finally, Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $96.50 on Friday. The company has a 50 day moving average price of $93.75 and a 200-day moving average price of $102.36. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The stock has a market capitalization of $8.28 billion, a PE ratio of 28.14, a PEG ratio of 2.20 and a beta of 1.11. 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 announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $302.29 million during the quarter, compared to analysts’ expectations of $307.55 million. During the same quarter in the prior year, the company earned $1.64 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. Equities analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share 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, July 15th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.56%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust’s payout ratio is 126.07%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Park Square Financial Group LLC purchased a new position in Federal Realty Investment Trust during the fourth quarter valued at $30,000. Versant Capital Management Inc lifted its holdings in Federal Realty Investment Trust by 82.3% during the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 130 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new position in Federal Realty Investment Trust during the first quarter valued at $30,000. Federated Hermes Inc. lifted its stake in shares of Federal Realty Investment Trust by 143.9% in the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 200 shares in the last quarter. Finally, Dagco Inc. purchased a new position in shares of Federal Realty Investment Trust in the first quarter worth about $34,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

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.