Analysts Set Federal Realty Investment Trust (NYSE:FRT) Target Price at $116.00

Federal Realty Investment Trust (NYSE:FRT) has earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $116.00.

Several brokerages have issued reports on FRT. Scotiabank dropped their target price on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Stifel Nicolaus decreased their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Mizuho dropped their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Citigroup reissued a “neutral” rating and set a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Finally, Raymond James decreased their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th.

Institutional Trading of Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Federal Realty Investment Trust by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock valued at $1,459,947,000 after buying an additional 218,671 shares during the last quarter. Norges Bank acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter worth $810,544,000. JPMorgan Chase & Co. lifted its holdings in shares of Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after purchasing an additional 168,885 shares during the last quarter. Resolution Capital Ltd boosted its position in shares of Federal Realty Investment Trust by 12.4% in the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust’s stock worth $394,417,000 after purchasing an additional 389,266 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Federal Realty Investment Trust by 41.4% during the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock valued at $341,833,000 after acquiring an additional 893,258 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Up 2.3 %

Shares of Federal Realty Investment Trust stock opened at $92.37 on Friday. The stock has a market capitalization of $7.92 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The company has a 50-day simple moving average of $99.46 and a two-hundred day simple moving average of $107.17. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting the consensus estimate of $1.73. The company had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. On average, analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s payout ratio is 128.28%.

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.