Federal Realty Investment Trust (NYSE:FRT) Price Target Lowered to $110.00 at Truist Financial

Posted by Defense World Staff on May 16th, 2023

Federal Realty Investment Trust (NYSE:FRT – Get Rating) had its price objective reduced by Truist Financial from $117.00 to $110.00 in a research report sent to investors on Monday, The Fly reports.

Several other research firms have also commented on FRT. Credit Suisse Group boosted their price target on Federal Realty Investment Trust from $110.00 to $120.00 and gave the stock a neutral rating in a research report on Thursday, February 9th. Piper Sandler reduced their price target on Federal Realty Investment Trust from $118.00 to $111.00 and set a neutral rating for the company in a research report on Wednesday, April 5th. Mizuho reduced their target price on Federal Realty Investment Trust from $115.00 to $113.00 and set a buy rating on the stock in a research report on Wednesday, March 1st. Compass Point raised Federal Realty Investment Trust from a neutral rating to a buy rating and set a $125.00 target price on the stock in a research report on Monday, January 30th. Finally, Barclays reduced their target price on Federal Realty Investment Trust from $129.00 to $127.00 and set an overweight rating on the stock in a research report on Wednesday, February 15th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of Moderate Buy and a consensus target price of $115.54.

Federal Realty Investment Trust Trading Up 0.6 %

Shares of NYSE FRT opened at $91.95 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.57. The business has a fifty day simple moving average of $96.15 and a two-hundred day simple moving average of $103.00. The firm has a market cap of $7.50 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.23 and a beta of 1.19. Federal Realty Investment Trust has a twelve month low of $86.43 and a twelve month high of $118.55.

Federal Realty Investment Trust (NYSE:FRT – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported $1.40 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.17). The company had revenue of $279.80 million during the quarter, compared to the consensus estimate of $277.24 million. Federal Realty Investment Trust had a return on equity of 13.82% and a net margin of 35.65%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 earnings per share. Analysts expect that Federal Realty Investment Trust will post 6.48 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Thursday, June 22nd will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $4.32 annualized dividend and a yield of 4.70%. Federal Realty Investment Trust’s payout ratio is presently 92.11%.

Institutional Trading of Federal Realty Investment Trust

A number of hedge funds have recently modified their holdings of FRT. RB Capital Management LLC purchased a new stake in shares of Federal Realty Investment Trust in the first quarter worth about $272,000. American Century Companies Inc. boosted its stake in shares of Federal Realty Investment Trust by 119.6% in the first quarter. American Century Companies Inc. now owns 19,465 shares of the real estate investment trust’s stock worth $2,376,000 after buying an additional 10,601 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Federal Realty Investment Trust by 25.4% in the first quarter. MetLife Investment Management LLC now owns 19,396 shares of the real estate investment trust’s stock worth $2,368,000 after buying an additional 3,929 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Federal Realty Investment Trust by 3.9% in the first quarter. Panagora Asset Management Inc. now owns 5,123 shares of the real estate investment trust’s stock worth $625,000 after buying an additional 193 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Federal Realty Investment Trust by 7.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,467 shares of the real estate investment trust’s stock worth $1,156,000 after buying an additional 679 shares during the last quarter. Hedge funds and other institutional investors own 86.20% of the company’s stock.

Federal Realty Investment Trust Company Profile

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Federal Realty Investment Trust is an equity real estate investment trust. It engages in ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.