Federal Realty Investment Trust (NYSE:FRT) PT Lowered to $114.00 at Evercore ISI

Federal Realty Investment Trust (NYSE:FRT) had its target price trimmed by Evercore ISI from $115.00 to $114.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

FRT has been the topic of several other reports. Bank of America increased their target price on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a buy rating in a research note on Friday, April 5th. Barclays upped their price target on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an overweight rating in a research report on Friday, January 19th. Wells Fargo & Company upgraded Federal Realty Investment Trust from an equal weight rating to an overweight rating and upped their price target for the stock from $110.00 to $112.00 in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a hold rating to a buy rating and increased their price target for the company from $109.00 to $110.00 in a research report on Monday, April 22nd. Finally, Mizuho decreased their price objective on Federal Realty Investment Trust from $104.00 to $101.00 and set a neutral rating for the company in a report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Federal Realty Investment Trust has an average rating of Moderate Buy and a consensus price target of $113.30.

Federal Realty Investment Trust Stock Up 0.1 %

Shares of FRT stock opened at $102.12 on Friday. Federal Realty Investment Trust has a twelve month low of $85.27 and a twelve month high of $107.61. The stock has a market cap of $8.47 billion, a P/E ratio of 36.34, a P/E/G ratio of 1.94 and a beta of 1.20. The stock has a 50 day moving average of $100.84 and a 200 day moving average of $99.32. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a net margin of 20.55% and a return on equity of 8.34%. The firm had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $292.05 million. During the same period last year, the firm earned $1.58 earnings per share. Federal Realty Investment Trust’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, sell-side analysts expect that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 21st will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $4.36 annualized dividend and a yield of 4.27%. Federal Realty Investment Trust’s dividend payout ratio is presently 155.16%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Xponance Inc. boosted its position in Federal Realty Investment Trust by 2.4% during the 3rd quarter. Xponance Inc. now owns 11,323 shares of the real estate investment trust’s stock worth $1,026,000 after purchasing an additional 260 shares during the period. Raymond James & Associates grew its stake in shares of Federal Realty Investment Trust by 5.5% in the third quarter. Raymond James & Associates now owns 132,153 shares of the real estate investment trust’s stock valued at $11,977,000 after buying an additional 6,909 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Federal Realty Investment Trust by 6.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 13,087 shares of the real estate investment trust’s stock valued at $1,186,000 after buying an additional 819 shares during the period. Bailard Inc. acquired a new position in Federal Realty Investment Trust during the 3rd quarter worth approximately $444,000. Finally, Brown Advisory Inc. boosted its holdings in Federal Realty Investment Trust by 3.0% in the 3rd quarter. Brown Advisory Inc. now owns 7,225 shares of the real estate investment trust’s stock worth $655,000 after acquiring an additional 209 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.

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.