Federal Realty Investment Trust (NYSE:FRT) Receives $110.79 Consensus Target Price from Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT) have earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $109.3077.

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Scotiabank lifted their target price on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. UBS Group dropped their target price on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Monday, June 16th. Piper Sandler reduced their price target on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of Federal Realty Investment Trust by 0.6% in the first quarter. Principal Financial Group Inc. now owns 155,434 shares of the real estate investment trust’s stock valued at $15,205,000 after buying an additional 917 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Federal Realty Investment Trust by 10.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust’s stock valued at $697,000 after acquiring an additional 674 shares during the last quarter. KBC Group NV boosted its position in shares of Federal Realty Investment Trust by 5.6% in the 1st quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 151 shares during the period. Amalgamated Bank lifted its holdings in shares of Federal Realty Investment Trust by 1.0% in the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust’s stock valued at $1,495,000 after buying an additional 146 shares during the period. Finally, New York State Common Retirement Fund increased its position in Federal Realty Investment Trust by 3.1% during the first quarter. New York State Common Retirement Fund now owns 60,214 shares of the real estate investment trust’s stock worth $5,890,000 after buying an additional 1,800 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

FRT stock opened at $101.74 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. The business has a 50 day simple moving average of $96.08 and a 200-day simple moving average of $95.69. The firm has a market capitalization of $8.78 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 3.89 and a beta of 1.16. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, topping the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The business had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. During the same period last year, the business posted $1.69 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 dividend on an annualized basis and a yield of 4.4%. Federal Realty Investment Trust’s payout ratio is 111.39%.

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.