Federal Realty Investment Trust (NYSE:FRT) Earns Overweight Rating from Analysts at Barclays

Barclays began coverage on shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) in a research note released on Wednesday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $106.00 price target on the real estate investment trust's stock.

Several other analysts have also weighed in on the company. BMO Capital Markets restated an "outperform" rating and issued a $110.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Citigroup reiterated a "neutral" rating and issued a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Piper Sandler reduced their price objective on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Scotiabank reaffirmed an "outperform" rating on shares of Federal Realty Investment Trust in a research note on Wednesday, May 21st. Finally, UBS Group dropped 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 report on Monday, June 16th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.07.

Federal Realty Investment Trust Price Performance

FRT stock traded up $0.67 during trading on Wednesday, hitting $94.88. The company had a trading volume of 913,288 shares, compared to its average volume of 706,434. The business has a 50 day moving average of $95.36 and a 200 day moving average of $100.11. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 4.13 and a beta of 1.09. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.46. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The business had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. During the same period last year, the firm posted $1.64 earnings per share. The business's revenue was up 6.1% on a year-over-year basis. As a group, research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.64%. Federal Realty Investment Trust's payout ratio is currently 126.07%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FRT. Park Square Financial Group LLC purchased a new stake in Federal Realty Investment Trust in the 4th quarter worth about $30,000. Versant Capital Management Inc grew its stake in Federal Realty Investment Trust by 82.3% during the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 130 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Federal Realty Investment Trust in the first quarter worth approximately $30,000. Federated Hermes Inc. boosted its holdings in shares of Federal Realty Investment Trust by 143.9% during the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 200 shares during the period. Finally, Dagco Inc. purchased a new position in Federal Realty Investment Trust during the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 93.86% of the company's stock.

About Federal Realty Investment Trust

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.