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

Key Points

• Federal Realty Investment Trust (NYSE:FRT) has received a consensus rating of "Moderate Buy" from 15 brokerages, with eight holding the stock and one assigning a strong buy rating.
• Recent earnings reports showed a quarterly EPS of $1.91, surpassing estimates, while revenue increased by 5.2% year-over-year at $302.48 million.
• The company has announced a dividend increase to $1.13 per share, reflecting a yield of 4.5%, to be paid on October 15th to shareholders of record on October 1st.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fifteen brokerages that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $109.3077.

Several equities research analysts have weighed in on FRT shares. JPMorgan Chase & Co. upped their target price on Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. Evercore ISI cut Federal Realty Investment Trust from an "outperform" rating to an "in-line" rating and upped their target price for the stock from $106.00 to $107.00 in a research note on Monday, September 15th. Mizuho upped their target price on Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. LADENBURG THALM/SH SH upgraded Federal Realty Investment Trust to a "strong-buy" rating in a research note on Tuesday, September 9th. Finally, Scotiabank upped their target price on Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th.

Institutional Investors Weigh In On Federal Realty Investment Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC increased its holdings in Federal Realty Investment Trust by 3.7% in the 2nd quarter. Corient Private Wealth LLC now owns 5,671 shares of the real estate investment trust's stock worth $539,000 after purchasing an additional 204 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Federal Realty Investment Trust by 8.0% in the 2nd quarter. Osaic Holdings Inc. now owns 16,324 shares of the real estate investment trust's stock worth $1,552,000 after purchasing an additional 1,213 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Federal Realty Investment Trust by 704.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 25,433 shares of the real estate investment trust's stock worth $2,388,000 after purchasing an additional 22,270 shares in the last quarter. FORA Capital LLC increased its holdings in Federal Realty Investment Trust by 75.2% in the 2nd quarter. FORA Capital LLC now owns 11,892 shares of the real estate investment trust's stock worth $1,130,000 after purchasing an additional 5,103 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Federal Realty Investment Trust by 72.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,543 shares of the real estate investment trust's stock worth $432,000 after purchasing an additional 1,906 shares in the last quarter. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Trading Up 0.4%

Shares of NYSE:FRT opened at $99.43 on Friday. The company has a market capitalization of $8.58 billion, a P/E ratio of 25.17, a P/E/G ratio of 3.78 and a beta of 1.15. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.09. 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 business's 50 day simple moving average is $97.62 and its 200 day simple moving average is $95.67.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share 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 firm had revenue of $302.48 million during the quarter, compared to analysts' expectations of $309.25 million. During the same period in the prior year, the company earned $1.69 earnings per share. The company's quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $1.13 per share. The ex-dividend date is Wednesday, October 1st. This is a boost from Federal Realty Investment Trust's previous quarterly dividend of $1.10. This represents a $4.52 annualized dividend and a yield of 4.5%. Federal Realty Investment Trust's dividend 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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