Federal Realty Investment Trust (NYSE:FRT) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $116.00.

Several brokerages have recently commented on FRT. Mizuho decreased their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Truist Financial downgraded shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and reduced their price target for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. Wells Fargo & Company lowered their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Citigroup reaffirmed a "neutral" rating and issued a $106.00 price objective (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th.

Federal Realty Investment Trust Trading Down 1.7 %

Shares of FRT traded down $1.66 during midday trading on Wednesday, reaching $93.57. The company had a trading volume of 1,249,883 shares, compared to its average volume of 678,618. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The firm has a 50 day simple moving average of $94.73 and a 200-day simple moving average of $104.87. The stock has a market cap of $8.03 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The company had revenue of $302.29 million for the quarter, compared to the consensus estimate of $307.55 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. Federal Realty Investment Trust's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 earnings per share. Research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.70%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 128.28%.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. FIL Ltd lifted its holdings in Federal Realty Investment Trust by 0.3% during the 4th quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust's stock worth $3,984,000 after buying an additional 95 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Federal Realty Investment Trust by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust's stock worth $734,000 after purchasing an additional 110 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 111 shares in the last quarter. Park Avenue Securities LLC increased its stake in Federal Realty Investment Trust by 2.7% in the fourth quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust's stock valued at $533,000 after purchasing an additional 125 shares during the last quarter. Finally, Keybank National Association OH raised its holdings in Federal Realty Investment Trust by 5.1% during the fourth quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust's stock worth $293,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds 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.