Federal Realty Investment Trust (NYSE:FRT) Receives Consensus Rating of "Moderate Buy" 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%.

Shares of Federal Realty Investment Trust (NYSE:FRT - Get Free Report) have received a consensus rating of "Moderate Buy" from the fourteen analysts that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $110.7857.

Several brokerages have commented on FRT. Barclays lowered their target price on Federal Realty Investment Trust from $106.00 to $105.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Evercore ISI lowered their target price on Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Wells Fargo & Company upped their price objective on Federal Realty Investment Trust from $113.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. upped their price objective on 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. Finally, Scotiabank upped their price objective on Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FRT. Norges Bank acquired a new position in shares of Federal Realty Investment Trust in the second quarter valued at approximately $690,507,000. Nuveen LLC acquired a new position in shares of Federal Realty Investment Trust in the first quarter valued at approximately $52,017,000. GRS Advisors LLC bought a new stake in Federal Realty Investment Trust in the second quarter valued at approximately $47,517,000. Hsbc Holdings PLC boosted its holdings in 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 last quarter. Finally, Resolution Capital Ltd boosted its holdings in 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 valued at $394,417,000 after acquiring an additional 389,266 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Down 1.0%

Shares of NYSE FRT opened at $101.68 on Tuesday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 3.92 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 stock has a 50-day moving average price of $95.60 and a two-hundred day moving average price of $95.74.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results 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 firm had revenue of $302.48 million during the quarter, compared to the consensus estimate of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The business's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.69 earnings per share. As a group, analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently disclosed 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%.

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.

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