Federal Realty Investment Trust (NYSE:FRT) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus: Nine of 16 brokerages rate FRT a buy, one a strong buy, and six a hold; the average 12-month price target is $124.88.
• Quarterly earnings missed estimates: Federal Realty reported $0.74 per share versus the $1.85 consensus, while revenue of $339.02 million exceeded expectations and rose 5.2% year over year.
• The REIT declared a $1.16 quarterly dividend, equivalent to $4.64 annually and a 4.1% yield at the article’s cited share price.

Shares of Federal Realty Investment Trust (NYSE:FRT - Get Free Report) have earned an average rating of "Moderate Buy" from the sixteen brokerages that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $124.88.

A number of analysts have recently weighed in on the stock. Piper Sandler boosted their target price on shares of Federal Realty Investment Trust from $131.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, November 2nd. Citigroup upped their target price on shares of Federal Realty Investment Trust from $120.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. increased their price target on shares of Federal Realty Investment Trust from $124.00 to $129.00 and gave the company an "overweight" rating in a report on Friday, September 4th. Wells Fargo & Company dropped their price target on Federal Realty Investment Trust from $126.00 to $119.00 and set an "overweight" rating for the company in a research report on Friday, October 23rd. Finally, Scotiabank dropped their price target on Federal Realty Investment Trust from $128.00 to $126.00 and set a "sector outperform" rating for the company in a research report on Thursday, September 17th.

Federal Realty Investment Trust Stock Down 0.5%

NYSE FRT opened at $112.72 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.70 and a current ratio of 1.53. The company has a market capitalization of $9.70 billion, a P/E ratio of 22.54, a P/E/G ratio of 2.81 and a beta of 0.94. Federal Realty Investment Trust has a one year low of $95.14 and a one year high of $128.21. The stock has a 50 day moving average price of $110.52 and a 200-day moving average price of $113.18.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($1.11). The business had revenue of $339.02 million during the quarter, compared to the consensus estimate of $336.57 million. Federal Realty Investment Trust had a return on equity of 13.76% and a net margin of 32.60%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 EPS. As a group, equities analysts predict that Federal Realty Investment Trust will post 7.56 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, January 4th. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 92.80%.

Insider Activity

In other news, Director Nicole Lamb-Hale sold 1,500 shares of Federal Realty Investment Trust stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $108.89, for a total value of $163,335.00. Following the completion of the transaction, the director owned 4,613 shares in the company, valued at approximately $502,309.57. The trade was a 24.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Institutional Trading of Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently bought and sold shares of FRT. Bank of America Corp DE boosted its holdings in Federal Realty Investment Trust by 90.2% during the 1st quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust's stock valued at $54,114,000 after acquiring an additional 241,684 shares during the period. Renaissance Technologies LLC purchased a new stake in Federal Realty Investment Trust in the first quarter worth $1,519,000. Contravisory Investment Management Inc. increased its stake in Federal Realty Investment Trust by 1,175.7% in the second quarter. Contravisory Investment Management Inc. now owns 9,708 shares of the real estate investment trust's stock worth $1,198,000 after purchasing an additional 8,947 shares during the period. Engineers Gate Manager LP purchased a new stake in Federal Realty Investment Trust in the second quarter worth $3,350,000. Finally, Resolution Capital Ltd lifted its position in shares of Federal Realty Investment Trust by 10.3% during the first quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust's stock worth $387,090,000 after purchasing an additional 340,524 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 a real estate investment trust that owns, operates, and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and destination-style properties that combine retail, restaurants, entertainment, and, in some locations, residential and office space.

The company focuses on established, densely populated communities, primarily in the Northeast, Mid-Atlantic, California, and South Florida. Its properties serve shoppers, residents, and businesses through a mix of national and local retailers, dining options, and other services.

Founded in 1962, Federal Realty has developed and operated properties such as Santana Row in San Jose, California, and Pike & Rose in North Bethesda, Maryland.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.