Scotiabank Cuts Federal Realty Investment Trust (NYSE:FRT) Price Target to $113.00

Federal Realty Investment Trust (NYSE:FRT) had its price target trimmed by Scotiabank from $114.00 to $113.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a sector outperform rating on the real estate investment trust’s stock.

A number of other research firms have also recently issued reports on FRT. UBS Group set a $113.00 price objective on Federal Realty Investment Trust in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Federal Realty Investment Trust in a research note on Monday, December 29th. Evercore ISI cut their price target on Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating for the company in a report on Monday, November 3rd. Mizuho set a $105.00 price objective on shares of Federal Realty Investment Trust in a report on Friday, January 9th. Finally, Wells Fargo & Company began coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, October 21st. They issued an “overweight” rating and a $113.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $110.30.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $103.69 on Wednesday. The stock has a market capitalization of $8.95 billion, a PE ratio of 26.32, a P/E/G ratio of 3.65 and a beta of 1.01. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $111.82. The firm has a fifty day simple moving average of $99.55 and a 200 day simple moving average of $97.95. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.52.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. The company had revenue of $321.97 million during the quarter, compared to the consensus estimate of $318.73 million. Federal Realty Investment Trust had a net margin of 27.65% and a return on equity of 11.12%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 EPS. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. On average, research analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Friday, January 2nd were given a dividend of $1.13 per share. The ex-dividend date was Friday, January 2nd. This represents a $4.52 annualized dividend and a dividend yield of 4.4%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 114.72%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ascent Group LLC acquired a new stake in shares of Federal Realty Investment Trust in the third quarter valued at about $1,146,000. Abel Hall LLC acquired a new position in shares of Federal Realty Investment Trust in the second quarter worth approximately $392,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Federal Realty Investment Trust by 103.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,770 shares of the real estate investment trust’s stock valued at $553,000 after acquiring an additional 2,928 shares during the last quarter. PGGM Investments increased its position in Federal Realty Investment Trust by 23.7% during the 2nd quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust’s stock valued at $118,295,000 after purchasing an additional 238,679 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in Federal Realty Investment Trust by 32.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,311 shares of the real estate investment trust’s stock valued at $600,000 after purchasing an additional 1,553 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.