Federal Realty Investment Trust (NYSE:FRT - Free Report) had its price target reduced by JPMorgan Chase & Co. from $125.00 to $114.00 in a report released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust's stock.
Other analysts also recently issued research reports about the stock. Wells Fargo & Company dropped their target price on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Mizuho lowered their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Raymond James dropped their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Stifel Nicolaus reduced 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 report on Friday, February 14th. Finally, StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $121.00.
Check Out Our Latest Stock Analysis on Federal Realty Investment Trust
Federal Realty Investment Trust Trading Down 1.3 %
FRT stock traded down $1.28 during mid-day trading on Friday, reaching $98.45. The company had a trading volume of 767,466 shares, compared to its average volume of 729,288. The firm has a 50 day moving average of $106.34 and a 200 day moving average of $111.15. 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 12 month low of $95.97 and a 12 month high of $118.34. The company has a market capitalization of $8.44 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27.
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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. The business had revenue of $311.44 million for the quarter, compared to analysts' expectations of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. On average, equities analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.
Federal Realty Investment Trust Dividend Announcement
The company also recently declared 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 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 128.28%.
Hedge Funds Weigh In On Federal Realty Investment Trust
A number of institutional investors have recently made changes to their positions in the stock. Park Square Financial Group LLC purchased a new position in Federal Realty Investment Trust in the 4th quarter valued at about $30,000. Brooklyn Investment Group acquired a new position in shares of Federal Realty Investment Trust in the third quarter valued at approximately $36,000. Kapitalo Investimentos Ltda purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at approximately $51,000. Venturi Wealth Management LLC boosted its position in Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 333 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in 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 acquiring an additional 111 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.
About Federal Realty Investment Trust
(
Get Free Report)
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.
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