Federal Realty Investment Trust (NYSE:FRT) Receives $112.70 Average Price Target from Brokerages

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $112.70.

A number of equities analysts recently commented on the stock. Mizuho lowered 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 research note on Friday, February 23rd. Barclays boosted their target price on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an "overweight" rating in a research note on Friday, January 19th. Scotiabank lowered 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 research note on Wednesday, February 28th. Truist Financial reiterated a "buy" rating and set a $117.00 target price on shares of Federal Realty Investment Trust in a research note on Monday, March 25th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a "hold" rating to a "buy" rating and upped their price objective for the company from $109.00 to $110.00 in a research note on Monday, April 22nd.

Federal Realty Investment Trust Stock Down 0.4 %

Shares of Federal Realty Investment Trust stock traded down $0.38 during trading hours on Friday, reaching $102.19. 559,732 shares of the company were exchanged, compared to its average volume of 536,914. Federal Realty Investment Trust has a 1 year low of $85.27 and a 1 year high of $107.61. The stock's fifty day moving average is $100.30 and its 200 day moving average is $98.59. 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 firm has a market cap of $8.48 billion, a PE ratio of 36.50, a PEG ratio of 1.95 and a beta of 1.21.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $1.64 by ($0.88). The company had revenue of $291.50 million for the quarter, compared to analysts' expectations of $292.05 million. Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The firm's revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. As a group, equities research analysts forecast that Federal Realty Investment Trust will post 6.8 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th were paid a dividend of $1.09 per share. The ex-dividend date was Tuesday, March 12th. This represents a $4.36 annualized dividend and a dividend yield of 4.27%. Federal Realty Investment Trust's dividend payout ratio (DPR) is 155.71%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several hedge funds have recently made changes to their positions in FRT. CWM LLC boosted its stake in shares of Federal Realty Investment Trust by 15.0% during the third quarter. CWM LLC now owns 1,053 shares of the real estate investment trust's stock worth $95,000 after buying an additional 137 shares during the period. Oak Thistle LLC acquired a new stake in shares of Federal Realty Investment Trust during the third quarter worth about $702,000. Czech National Bank boosted its stake in shares of Federal Realty Investment Trust by 47.7% during the third quarter. Czech National Bank now owns 12,823 shares of the real estate investment trust's stock worth $1,162,000 after buying an additional 4,139 shares during the period. Xponance Inc. boosted its stake in shares of Federal Realty Investment Trust by 2.4% during the third quarter. Xponance Inc. now owns 11,323 shares of the real estate investment trust's stock worth $1,026,000 after buying an additional 260 shares during the period. Finally, Raymond James & Associates raised its holdings in Federal Realty Investment Trust by 5.5% during the third quarter. Raymond James & Associates now owns 132,153 shares of the real estate investment trust's stock worth $11,977,000 after purchasing an additional 6,909 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.

About Federal Realty Investment Trust

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.