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

Shares of Federal Realty Investment Trust (NYSE:FRT - Get Free Report) have been given an average rating of "Moderate Buy" by the ten brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $112.60.

Several research analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Federal Realty Investment Trust from $116.00 to $122.00 and gave the company an "overweight" rating in a report on Wednesday, December 20th. Barclays upped their target price on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an "overweight" rating in a report on Friday, January 19th. Mizuho reduced their target price on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a "neutral" rating for the company in a report on Friday, February 23rd. Scotiabank reduced their target price on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a "sector outperform" rating for the company in a report on Wednesday, February 28th. Finally, Wells Fargo & Company raised shares of Federal Realty Investment Trust from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $110.00 to $112.00 in a report on Thursday, February 29th.

Hedge Funds Weigh In On Federal Realty Investment Trust

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in shares of Federal Realty Investment Trust in the first quarter valued at about $1,481,079,000. State Street Corp lifted its holdings in shares of Federal Realty Investment Trust by 2.6% during the second quarter. State Street Corp now owns 9,640,944 shares of the real estate investment trust's stock valued at $943,138,000 after purchasing an additional 247,795 shares during the last quarter. BlackRock Inc. increased its position in Federal Realty Investment Trust by 3.5% in the 2nd quarter. BlackRock Inc. now owns 8,091,578 shares of the real estate investment trust's stock worth $783,022,000 after purchasing an additional 274,261 shares during the last quarter. Norges Bank acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter valued at about $743,378,000. Finally, JPMorgan Chase & Co. grew its holdings in Federal Realty Investment Trust by 12.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,717,403 shares of the real estate investment trust's stock valued at $427,538,000 after buying an additional 509,909 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of FRT traded down $0.94 during mid-day trading on Tuesday, hitting $99.80. 405,367 shares of the company traded hands, compared to its average volume of 672,241. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.64 and a current ratio of 2.64. The stock has a 50-day moving average price of $100.93 and a two-hundred day moving average price of $97.53. Federal Realty Investment Trust has a 1 year low of $85.27 and a 1 year high of $107.61. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 35.63, a P/E/G ratio of 2.92 and a beta of 1.21.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The company had revenue of $291.50 million for the quarter, compared to analysts' expectations of $292.05 million. During the same period in the previous year, the firm earned $1.58 earnings per share. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts anticipate that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Tuesday, March 12th. Federal Realty Investment Trust's dividend payout ratio is currently 155.71%.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.