Wells Fargo & Company Boosts Federal Realty Investment Trust (NYSE:FRT) Price Target to $116.00

Key Points

• Wells Fargo & Company raised its price target for Federal Realty Investment Trust (FRT) from $113.00 to $116.00, indicating a potential upside of 16.46%.
• The consensus rating for Federal Realty Investment Trust is a "Moderate Buy" with eight analysts recommending a Buy and an average price target of $110.64.
• Federal Realty Investment Trust reported an EPS of $1.91 for the last quarter, exceeding analysts' expectations, while their revenue showed a 5.2% year-over-year increase.

Federal Realty Investment Trust (NYSE:FRT - Free Report) had its price target upped by Wells Fargo & Company from $113.00 to $116.00 in a report issued on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust's stock.

Several other research analysts also recently commented on FRT. Evercore ISI reduced their price target on shares of Federal Realty Investment Trust from $109.00 to $107.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Mizuho increased their target price on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Barclays started coverage on shares of Federal Realty Investment Trust in a report on Wednesday, July 2nd. They set an "overweight" rating and a $106.00 target price on the stock. Wall Street Zen upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $110.00 target price on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.79.

Federal Realty Investment Trust Trading Up 0.8%

FRT stock traded up $0.84 during trading on Wednesday, hitting $100.66. The company had a trading volume of 907,889 shares, compared to its average volume of 850,930. The firm has a market capitalization of $8.68 billion, a P/E ratio of 25.48, a PEG ratio of 3.84 and a beta of 1.16. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34. The company has a 50 day simple moving average of $94.92 and a 200-day simple moving average of $95.91. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly 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 company had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm's revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.69 EPS. As a group, research 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a $1.13 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.5%. 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 111.39%.

Institutional Trading of Federal Realty Investment Trust

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Federal Realty Investment Trust by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 13,273,108 shares of the real estate investment trust's stock valued at $1,260,813,000 after buying an additional 244,854 shares in the last quarter. Norges Bank bought a new stake in shares of Federal Realty Investment Trust in the 2nd quarter valued at about $690,507,000. State Street Corp boosted its holdings in shares of Federal Realty Investment Trust by 2.8% in the 2nd quarter. State Street Corp now owns 6,578,616 shares of the real estate investment trust's stock valued at $624,903,000 after buying an additional 176,613 shares in the last quarter. Resolution Capital Ltd boosted its holdings in shares of Federal Realty Investment Trust by 12.4% in the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock valued at $394,417,000 after buying an additional 389,266 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Federal Realty Investment Trust by 3.1% in the 2nd quarter. Invesco Ltd. now owns 2,712,912 shares of the real estate investment trust's stock valued at $257,700,000 after buying an additional 82,312 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

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.