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

Key Points

• Federal Realty Investment Trust has received a consensus rating of "Moderate Buy" from analysts, with six holding and eight buying recommendations.
• The company recently announced a quarterly dividend increase to $1.13 per share, up from $1.10, representing a dividend yield of 4.8%.
• Federal Realty Investment Trust reported an EPS of $1.91 for the latest quarter, beating the consensus estimate of $1.73, with revenue rising 5.2% year-over-year.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fourteen analysts that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $110.1429.

A number of research analysts have recently weighed in on the company. Barclays assumed coverage on Federal Realty Investment Trust in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $106.00 price objective for the company. Mizuho lowered their price objective on shares of Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. JPMorgan Chase & Co. cut shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price target for the company. in a research note on Monday, June 23rd. Raymond James Financial decreased their price objective on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st.

Federal Realty Investment Trust Trading Up 0.0%

Federal Realty Investment Trust stock traded up $0.02 during mid-day trading on Friday, reaching $93.87. 348,263 shares of the company traded hands, compared to its average volume of 793,152. The firm's 50 day moving average price is $94.49 and its 200 day moving average price is $96.74. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 23.79, a P/E/G ratio of 3.73 and a beta of 1.14.

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. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%. The company had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. During the same quarter in the previous year, the company posted $1.69 earnings per share. Federal Realty Investment Trust's revenue was up 5.2% compared to the same quarter last year. On average, analysts anticipate 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. Investors of record on Wednesday, October 1st will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, October 1st. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. Federal Realty Investment Trust's dividend payout ratio (DPR) is 114.43%.

Institutional Trading of Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in Federal Realty Investment Trust by 0.6% in the first quarter. Principal Financial Group Inc. now owns 155,434 shares of the real estate investment trust's stock valued at $15,205,000 after purchasing an additional 917 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Federal Realty Investment Trust by 10.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust's stock worth $697,000 after buying an additional 674 shares in the last quarter. KBC Group NV raised its holdings in Federal Realty Investment Trust by 5.6% in the first quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust's stock valued at $278,000 after acquiring an additional 151 shares in the last quarter. Amalgamated Bank boosted its stake in Federal Realty Investment Trust by 1.0% during the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock valued at $1,495,000 after acquiring an additional 146 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Federal Realty Investment Trust by 3.1% during the 1st quarter. New York State Common Retirement Fund now owns 60,214 shares of the real estate investment trust's stock valued at $5,890,000 after acquiring an additional 1,800 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 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.