Federal Realty Investment Trust (NYSE:FRT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $113.33.

FRT has been the topic of several research reports. Stifel Nicolaus dropped their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Piper Sandler decreased their price objective on Federal Realty Investment Trust from $135.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, May 23rd. Mizuho decreased their price objective on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Citigroup reaffirmed a “neutral” rating and issued a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Finally, Wall Street Zen raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st.

Institutional Trading of Federal Realty Investment Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Park Square Financial Group LLC bought a new stake in Federal Realty Investment Trust during the 4th quarter valued at approximately $30,000. Versant Capital Management Inc raised its stake in Federal Realty Investment Trust by 82.3% during the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 130 shares during the period. GKV Capital Management Co. Inc. bought a new stake in Federal Realty Investment Trust in the 1st quarter worth approximately $30,000. Federated Hermes Inc. increased its stake in Federal Realty Investment Trust by 143.9% in the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Finally, Dagco Inc. bought a new stake in Federal Realty Investment Trust in the 1st quarter worth approximately $34,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.5%

Shares of NYSE:FRT opened at $95.53 on Friday. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.20 and a beta of 1.10. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The stock’s 50-day simple moving average is $93.93 and its two-hundred day simple moving average is $102.98. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.01. The business had revenue of $302.29 million for the quarter, compared to analysts’ expectations of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $1.64 earnings per share. Analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.61%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 126.07%.

About Federal Realty Investment Trust

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.