Federal Realty Investment Trust (NYSE:FRT) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Federal Realty Investment Trust (NYSE:FRT) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Several other analysts have also commented on the company. Evercore ISI dropped their price objective on Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating on the stock in a report on Monday, November 3rd. LADENBURG THALM/SH SH raised Federal Realty Investment Trust to a “strong-buy” rating in a research note on Tuesday, September 9th. Scotiabank raised their price objective on Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Mizuho upped 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. Finally, Wells Fargo & Company assumed coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, October 21st. They issued an “overweight” rating and a $113.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $108.46.

Federal Realty Investment Trust Trading Up 1.5%

Federal Realty Investment Trust stock opened at $97.32 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market cap of $8.40 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 3.78 and a beta of 1.14. The stock has a 50-day moving average of $99.06 and a two-hundred day moving average of $96.52. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.09.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. The business had revenue of $322.25 million for the quarter, compared to analyst estimates of $318.73 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 earnings per share. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. On average, research analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $4.52 dividend on an annualized basis and a yield of 4.6%. Federal Realty Investment Trust’s payout ratio is 114.72%.

Institutional Trading of Federal Realty Investment Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hilltop National Bank acquired a new position in shares of Federal Realty Investment Trust during the 2nd quarter valued at about $28,000. GKV Capital Management Co. Inc. purchased a new position in Federal Realty Investment Trust during the first quarter worth about $30,000. Spire Wealth Management boosted its holdings in Federal Realty Investment Trust by 365.3% in the 2nd quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 263 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Federal Realty Investment Trust by 143.9% in the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Finally, Dagco Inc. purchased a new stake in shares of Federal Realty Investment Trust in the 1st quarter valued at approximately $34,000. 93.86% of the stock is owned by institutional investors and hedge funds.

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.