Federal Realty Investment Trust (NYSE:FRT) Given Consensus Recommendation of "Moderate Buy" by Analysts

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $119.77.

Several research firms have commented on FRT. Wells Fargo & Company dropped their price objective on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Truist Financial cut Federal Realty Investment Trust from a "buy" rating to a "hold" rating and cut their price target for the company from $114.00 to $105.00 in a report on Thursday, March 13th. StockNews.com raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. JPMorgan Chase & Co. cut their target price on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Finally, Stifel Nicolaus dropped 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 note on Friday, February 14th.

Remove Ads

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT traded down $2.29 during mid-day trading on Tuesday, reaching $95.03. The company's stock had a trading volume of 885,531 shares, compared to its average volume of 602,265. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. Federal Realty Investment Trust has a 52 week low of $94.58 and a 52 week high of $118.34. The stock has a fifty day moving average of $104.60 and a two-hundred day moving average of $110.20. The firm has a market capitalization of $8.14 billion, a PE ratio of 27.69, a P/E/G ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate of $1.73. The business had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio is currently 128.28%.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FRT. FIL Ltd increased its position in shares of Federal Realty Investment Trust by 0.3% during the fourth quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust's stock worth $3,984,000 after acquiring an additional 95 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Federal Realty Investment Trust by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust's stock worth $734,000 after purchasing an additional 110 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock worth $62,000 after buying an additional 111 shares during the period. Park Avenue Securities LLC grew its position in shares of Federal Realty Investment Trust by 2.7% during the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust's stock worth $533,000 after buying an additional 125 shares in the last quarter. Finally, Keybank National Association OH grew its position in shares of Federal Realty Investment Trust by 5.1% during the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust's stock worth $293,000 after buying an additional 128 shares in the last quarter. Institutional investors 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.