Federal Realty Investment Trust (NYSE:FRT - Free Report) - Equities research analysts at Zacks Research dropped their FY2024 earnings estimates for Federal Realty Investment Trust in a report issued on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will earn $6.78 per share for the year, down from their prior estimate of $6.80. The consensus estimate for Federal Realty Investment Trust's current full-year earnings is $6.80 per share. Zacks Research also issued estimates for Federal Realty Investment Trust's Q4 2024 earnings at $1.74 EPS, Q1 2025 earnings at $1.73 EPS, Q2 2025 earnings at $1.78 EPS, Q3 2025 earnings at $1.78 EPS, Q4 2025 earnings at $1.84 EPS, FY2025 earnings at $7.13 EPS and Q3 2026 earnings at $1.85 EPS.
FRT has been the topic of several other research reports. Raymond James lifted their target price on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. Evercore ISI increased their price target on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Mizuho upped their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a "neutral" rating in a report on Monday, August 19th. Scotiabank cut their target price on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a "sector outperform" rating for the company in a report on Friday, October 11th. Finally, Piper Sandler upped their price target on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.85.
Check Out Our Latest Stock Analysis on Federal Realty Investment Trust
Federal Realty Investment Trust Stock Performance
Shares of FRT stock traded up $0.21 during trading hours on Friday, reaching $114.61. 187,253 shares of the company traded hands, compared to its average volume of 627,438. The firm has a 50-day moving average price of $113.32 and a 200 day moving average price of $108.87. The company has a market cap of $9.51 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.15 and a beta of 1.24. Federal Realty Investment Trust has a 12-month low of $91.40 and a 12-month high of $118.34. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56.
Institutional Trading of Federal Realty Investment Trust
Hedge funds and other institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC acquired a new position in shares of Federal Realty Investment Trust during the first quarter valued at about $231,000. Long Pond Capital LP acquired a new stake in shares of Federal Realty Investment Trust during the first quarter worth about $6,127,000. Price T Rowe Associates Inc. MD boosted its position in Federal Realty Investment Trust by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 309,103 shares of the real estate investment trust's stock valued at $31,567,000 after buying an additional 19,453 shares during the last quarter. Kinloch Capital LLC increased its stake in shares of Federal Realty Investment Trust by 23.4% in the first quarter. Kinloch Capital LLC now owns 33,847 shares of the real estate investment trust's stock worth $3,456,000 after acquiring an additional 6,410 shares during the period. Finally, Tidal Investments LLC purchased a new position in shares of Federal Realty Investment Trust during the 1st quarter valued at about $252,000. Institutional investors own 93.86% of the company's stock.
Insider Buying and Selling
In other news, CEO Donald C. Wood sold 5,937 shares of the business's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.
Federal Realty Investment Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $1.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.84%. Federal Realty Investment Trust's payout ratio is 127.91%.
Federal Realty Investment Trust Company Profile
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Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.
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