Federal Realty Investment Trust (NYSE:FRT) Earns "Neutral" Rating from Citigroup

Citigroup reaffirmed their neutral rating on shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) in a research report released on Friday, MarketBeat reports. The firm currently has a $106.00 price objective on the real estate investment trust's stock, down from their prior price objective of $135.00.

FRT has been the subject of a number of other reports. Stifel Nicolaus decreased their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research note on Friday, February 14th. JPMorgan Chase & Co. reduced their price target on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Truist Financial cut shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and lowered their target price for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. Mizuho dropped their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Finally, Scotiabank cut their target price on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating for the company in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $116.62.

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Federal Realty Investment Trust Trading Up 0.1 %

Federal Realty Investment Trust stock traded up $0.05 during trading hours on Friday, hitting $96.77. The stock had a trading volume of 294,164 shares, compared to its average volume of 642,823. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 2.20 and a beta of 1.27. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The business's 50 day simple moving average is $103.63 and its 200-day simple moving average is $109.20. Federal Realty Investment Trust has a one year low of $94.58 and a one year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business had revenue of $311.44 million for the quarter, compared to analysts' expectations of $311.85 million. On average, equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.55%. Federal Realty Investment Trust's payout ratio is 128.28%.

Institutional Trading of Federal Realty Investment Trust

Hedge funds have recently made changes to their positions in the business. Cerity Partners LLC lifted its position in shares of Federal Realty Investment Trust by 47.0% during the 3rd quarter. Cerity Partners LLC now owns 4,382 shares of the real estate investment trust's stock worth $504,000 after buying an additional 1,401 shares during the last quarter. Bank of Montreal Can raised its position in Federal Realty Investment Trust by 0.6% in the third quarter. Bank of Montreal Can now owns 184,297 shares of the real estate investment trust's stock worth $21,080,000 after acquiring an additional 1,039 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Federal Realty Investment Trust by 5.2% in the third quarter. The Manufacturers Life Insurance Company now owns 48,522 shares of the real estate investment trust's stock valued at $5,579,000 after purchasing an additional 2,383 shares during the period. FMR LLC boosted its stake in shares of Federal Realty Investment Trust by 667.2% during the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust's stock worth $65,856,000 after acquiring an additional 498,146 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Federal Realty Investment Trust in the third quarter valued at $638,000. Institutional investors and hedge funds own 93.86% of the company's stock.

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.