Federal Realty Investment Trust (NYSE:FRT) Price Target Cut to $114.00

Federal Realty Investment Trust (NYSE:FRT) had its target price trimmed by Evercore ISI from $115.00 to $114.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the company. Mizuho reduced their price objective on Federal Realty Investment Trust from $104.00 to $101.00 and set a neutral rating for the company in a research note on Friday, February 23rd. Truist Financial restated a buy rating and issued a $117.00 price target on shares of Federal Realty Investment Trust in a research note on Monday, March 25th. Scotiabank reduced their price target on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a sector outperform rating for the company in a research report on Wednesday, February 28th. Barclays raised their price objective on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an overweight rating in a research report on Friday, January 19th. Finally, Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a hold rating to a buy rating and increased their price target for the stock from $109.00 to $110.00 in a report on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $113.30.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $102.01 on Friday. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. The business has a 50-day moving average price of $100.75 and a 200-day moving average price of $99.22. Federal Realty Investment Trust has a twelve month low of $85.27 and a twelve month high of $107.61. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.59.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). The business had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $292.05 million. Federal Realty Investment Trust had a return on equity of 8.34% and a net margin of 20.55%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 EPS. As a group, equities research analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 21st will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Friday, June 21st. Federal Realty Investment Trust’s payout ratio is 155.16%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Van Lanschot Kempen Investment Management N.V. bought a new stake in shares of Federal Realty Investment Trust in the 3rd quarter worth about $2,465,000. Strs Ohio lifted its stake in Federal Realty Investment Trust by 32.7% during the fourth quarter. Strs Ohio now owns 136,781 shares of the real estate investment trust’s stock worth $14,095,000 after purchasing an additional 33,700 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in Federal Realty Investment Trust by 1.3% in the third quarter. Royal London Asset Management Ltd. now owns 43,925 shares of the real estate investment trust’s stock worth $3,982,000 after purchasing an additional 545 shares during the period. GAMMA Investing LLC bought a new stake in Federal Realty Investment Trust during the fourth quarter valued at $174,000. Finally, FMR LLC raised its holdings in shares of Federal Realty Investment Trust by 195.8% during the third quarter. FMR LLC now owns 135,818 shares of the real estate investment trust’s stock worth $12,309,000 after purchasing an additional 89,898 shares during the period. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.