Federal Realty Investment Trust (NYSE:FRT) Receives $110.79 Consensus PT from Analysts

Key Points

• Federal Realty Investment Trust has received a consensus rating of "Moderate Buy" from analysts, with six hold ratings and eight buy ratings amongst fourteen analysts covering the company.
• The company recently reported a $1.91 EPS for the quarter, exceeding expectations, along with a quarterly revenue of $302.48 million, which marks a 5.2% year-over-year increase.
• Federal Realty has increased its quarterly dividend to $1.13 per share, reflecting a dividend yield of 4.4% and a payout ratio of 114.43%.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) has been given an average rating of "Moderate Buy" by the fourteen brokerages that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $109.3077.

Several brokerages have recently commented on FRT. UBS Group decreased their price objective on Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating for the company in a report on Monday, June 16th. LADENBURG THALM/SH SH upgraded Federal Realty Investment Trust to a "strong-buy" rating in a report on Tuesday. Piper Sandler lowered their target price on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Evercore ISI cut their target price on Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Finally, Wells Fargo & Company boosted their target price on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th.

Federal Realty Investment Trust Trading Down 0.1%

FRT traded down $0.06 on Tuesday, hitting $101.74. 556,679 shares of the company were exchanged, compared to its average volume of 656,738. The firm has a fifty day simple moving average of $96.08 and a two-hundred day simple moving average of $95.69. The stock has a market capitalization of $8.78 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 3.89 and a beta of 1.16. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, topping the consensus estimate of $1.73 by $0.18. The company had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.Federal Realty Investment Trust's revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.69 earnings per share. Sell-side analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 4.4%. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, October 1st. Federal Realty Investment Trust's dividend payout ratio is 111.39%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Federal Realty Investment Trust by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 13,273,108 shares of the real estate investment trust's stock valued at $1,260,813,000 after purchasing an additional 244,854 shares during the period. Norges Bank acquired a new position in Federal Realty Investment Trust in the second quarter worth $690,507,000. State Street Corp grew its position in shares of Federal Realty Investment Trust by 2.8% during the 2nd quarter. State Street Corp now owns 6,578,616 shares of the real estate investment trust's stock worth $624,903,000 after buying an additional 176,613 shares during the period. Resolution Capital Ltd raised its stake in Federal Realty Investment Trust by 12.4% during 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 buying an additional 389,266 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Federal Realty Investment Trust by 3.1% in the 2nd quarter. Invesco Ltd. now owns 2,712,912 shares of the real estate investment trust's stock valued at $257,700,000 after acquiring an additional 82,312 shares in the last quarter. 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.