Scotiabank Cuts Federal Realty Investment Trust (NYSE:FRT) Price Target to $111.00

Federal Realty Investment Trust (NYSE:FRT) had its target price lowered by Scotiabank from $117.00 to $111.00 in a report published on Wednesday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the real estate investment trust’s stock.

A number of other brokerages also recently issued reports on FRT. Raymond James reduced their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Truist Financial downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and reduced their target price for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Mizuho decreased their price objective on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Stifel Nicolaus lowered their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $116.00.

Federal Realty Investment Trust Stock Down 1.1 %

Shares of NYSE FRT opened at $94.42 on Wednesday. The firm has a market cap of $8.10 billion, a PE ratio of 27.53, a P/E/G ratio of 2.20 and a beta of 1.08. The company’s fifty day simple moving average is $96.73 and its 200 day simple moving average is $106.11. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34.

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, hitting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. As a group, sell-side analysts forecast 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 was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 128.28%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Hedge funds have recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in Federal Realty Investment Trust by 82.3% in the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 130 shares in the last quarter. Park Square Financial Group LLC purchased a new position in Federal Realty Investment Trust in the fourth quarter worth about $30,000. CX Institutional bought a new position in Federal Realty Investment Trust in the 1st quarter valued at approximately $44,000. Kapitalo Investimentos Ltda bought a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at $51,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 244.9% during the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors 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.