Federal Realty Investment Trust (NYSE:FRT) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $122.77.

A number of analysts have commented on FRT shares. Raymond James boosted their target price on Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, August 16th. Piper Sandler boosted their target price on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Wells Fargo & Company boosted their target price on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 28th. Mizuho boosted their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th. Finally, Evercore ISI boosted their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th.

Insider Transactions at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 30,292 shares of the company's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the completion of the sale, the chief executive officer now owns 6,637 shares of the company's stock, valued at $771,020.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $116.17, for a total value of $3,519,021.64. Following the completion of the transaction, the chief executive officer now directly owns 6,637 shares of the company's stock, valued at $771,020.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FRT. Westwood Holdings Group Inc. lifted its holdings in Federal Realty Investment Trust by 571.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust's stock worth $64,868,000 after buying an additional 546,711 shares during the last quarter. Millennium Management LLC lifted its holdings in Federal Realty Investment Trust by 304.0% during the 2nd quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust's stock worth $41,963,000 after buying an additional 312,726 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Federal Realty Investment Trust by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust's stock worth $1,300,101,000 after buying an additional 193,740 shares during the last quarter. Mizuho Markets Americas LLC lifted its holdings in Federal Realty Investment Trust by 311.0% during the 1st quarter. Mizuho Markets Americas LLC now owns 212,129 shares of the real estate investment trust's stock worth $21,663,000 after buying an additional 160,519 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Federal Realty Investment Trust by 29.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 407,585 shares of the real estate investment trust's stock worth $42,002,000 after buying an additional 93,048 shares during the last quarter. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock traded up $1.00 during trading on Friday, reaching $114.34. The company's stock had a trading volume of 430,299 shares, compared to its average volume of 620,672. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57. Federal Realty Investment Trust has a 12-month low of $85.59 and a 12-month high of $118.34. The company has a market capitalization of $9.48 billion, a P/E ratio of 40.69, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The business has a 50 day moving average price of $113.93 and a 200-day moving average price of $106.86.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The business had revenue of $295.80 million during the quarter, compared to analysts' expectations of $293.61 million. During the same quarter last year, the firm earned $1.67 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a $1.10 dividend. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.09. The ex-dividend date was Tuesday, October 1st. This represents a $4.40 annualized dividend and a dividend yield of 3.85%. Federal Realty Investment Trust's dividend payout ratio is presently 156.58%.

Federal Realty Investment Trust Company Profile

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.