Federal Realty Investment Trust (NYSE:FRT) Receives $116.00 Consensus Price Target from Analysts

Shares of Federal Realty Investment Trust (NYSE:FRT) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $116.00.

FRT has been the subject of several research reports. Wells Fargo & Company cut their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Raymond James cut their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Scotiabank cut their price objective on shares of Federal Realty Investment Trust from $117.00 to $111.00 and set a “sector outperform” rating for the company in a research report on Wednesday, April 23rd. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Stifel Nicolaus cut their price objective on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research report on Friday, February 14th.

Federal Realty Investment Trust Stock Down 1.3%

Shares of FRT stock opened at $96.90 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The firm’s 50-day moving average is $94.54 and its 200-day moving average is $104.59. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. The company had revenue of $302.29 million for the quarter, compared to analysts’ expectations of $307.55 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. Federal Realty Investment Trust’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 EPS. Sell-side analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.54%. Federal Realty Investment Trust’s dividend payout ratio is presently 126.07%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in Federal Realty Investment Trust by 82.3% in the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 130 shares during the last quarter. Park Square Financial Group LLC bought a new position in Federal Realty Investment Trust in the fourth quarter valued at approximately $30,000. GKV Capital Management Co. Inc. bought a new position in Federal Realty Investment Trust in the first quarter valued at approximately $30,000. Federated Hermes Inc. increased its stake in Federal Realty Investment Trust by 143.9% in the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 200 shares during the last quarter. Finally, Dagco Inc. bought a new position in Federal Realty Investment Trust in the first quarter valued at approximately $34,000. 93.86% of the stock is owned by institutional investors.

About Federal Realty Investment Trust

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.