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

Shares of Federal Realty Investment Trust (NYSE:FRT) have been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Six investment 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 twelve-month price target among brokerages that have covered the stock in the last year is $109.3077.

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of 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. Evercore ISI decreased their price target on shares of Federal Realty Investment Trust from $109.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Mizuho upped their price target on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, UBS Group reduced their target price on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating on the stock in a research note on Monday, June 16th.

Federal Realty Investment Trust Price Performance

FRT stock opened at $101.86 on Tuesday. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The company’s fifty day moving average price is $95.96 and its 200-day moving average price is $95.78. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market capitalization of $8.79 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 3.84 and a beta of 1.16.

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

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a $1.13 dividend. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, October 1st. Federal Realty Investment Trust’s payout ratio is currently 114.43%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently made changes to their positions in FRT. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust in the second quarter valued at $690,507,000. Nuveen LLC purchased a new stake in shares of Federal Realty Investment Trust in the first quarter valued at $52,017,000. GRS Advisors LLC purchased a new stake in shares of Federal Realty Investment Trust in the second quarter valued at $47,517,000. Hsbc Holdings PLC raised its stake in shares of Federal Realty Investment Trust by 123.9% in the first quarter. Hsbc Holdings PLC now owns 746,159 shares of the real estate investment trust’s stock valued at $72,634,000 after acquiring an additional 412,843 shares during the period. Finally, Resolution Capital Ltd grew its holdings in shares of Federal Realty Investment Trust by 12.4% in the fourth 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 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.