Federal Realty Investment Trust (NYSE:FRT – Free Report) had its target price raised by JPMorgan Chase & Co. from $124.00 to $129.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.
A number of other brokerages have also weighed in on FRT. Truist Financial boosted their price target on Federal Realty Investment Trust from $112.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday, June 5th. Jefferies Financial Group upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research note on Friday, June 26th. Barclays lifted their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Friday, May 29th. Finally, Wells Fargo & Company upped their price target on shares of Federal Realty Investment Trust from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.75.
Read Our Latest Analysis on Federal Realty Investment Trust
Federal Realty Investment Trust Stock Down 0.0%
Federal Realty Investment Trust (NYSE:FRT – Get Free Report) last announced its earnings results on Friday, July 31st. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($0.88). Federal Realty Investment Trust had a net margin of 32.67% and a return on equity of 13.65%. The business had revenue of $335.71 million for the quarter, compared to analyst estimates of $331.92 million. During the same period in the prior year, the company earned $1.91 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. Equities research analysts forecast that Federal Realty Investment Trust will post 7.54 EPS for the current fiscal year.
Federal Realty Investment Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a $1.16 dividend. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.13. This represents a $4.64 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 91.31%.
Institutional Investors Weigh In On Federal Realty Investment Trust
Institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LP lifted its holdings in shares of Federal Realty Investment Trust by 66.7% during the second quarter. Corient Private Wealth LP now owns 30,027 shares of the real estate investment trust’s stock worth $3,707,000 after purchasing an additional 12,013 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Federal Realty Investment Trust in the 2nd quarter worth approximately $1,580,000. California State Teachers Retirement System increased its holdings in Federal Realty Investment Trust by 11,573.0% in the 2nd quarter. California State Teachers Retirement System now owns 11,168,728 shares of the real estate investment trust’s stock worth $1,378,668,000 after buying an additional 11,073,048 shares during the period. HB Wealth Management LLC raised its position in Federal Realty Investment Trust by 8.7% during the 2nd quarter. HB Wealth Management LLC now owns 6,039 shares of the real estate investment trust’s stock worth $745,000 after buying an additional 482 shares during the last quarter. Finally, Compass Financial Management LLC purchased a new position in Federal Realty Investment Trust during the 2nd quarter worth approximately $226,000. Institutional investors and hedge funds own 93.86% of the company’s stock.
About Federal Realty Investment Trust
Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.
Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.
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