Federal Realty Investment Trust (NYSE:FRT) Given New $103.00 Price Target at UBS Group

Federal Realty Investment Trust (NYSE:FRT) had its target price decreased by UBS Group from $118.00 to $103.00 in a research note released on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust’s stock.

Several other analysts have also issued reports on the company. Truist Financial lowered Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their price objective for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. Mizuho decreased their target price on 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 target on Federal Realty Investment Trust from $117.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, May 23rd. Wells Fargo & Company reduced their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Finally, Wall Street Zen upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.54.

Federal Realty Investment Trust Trading Up 0.3%

Shares of Federal Realty Investment Trust stock opened at $95.62 on Monday. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. The stock has a market cap of $8.20 billion, a P/E ratio of 27.88, a P/E/G ratio of 2.20 and a beta of 1.11. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The business’s 50 day moving average is $94.62 and its 200-day moving average is $101.43.

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

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a $1.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.60%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 126.07%.

Institutional Trading of Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently bought and sold shares of FRT. Versant Capital Management Inc raised its position in shares of Federal Realty Investment Trust by 82.3% in the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 130 shares in the last quarter. Park Square Financial Group LLC bought a new position in Federal Realty Investment Trust during the 4th quarter worth $30,000. GKV Capital Management Co. Inc. bought a new position in Federal Realty Investment Trust during the 1st quarter worth $30,000. Federated Hermes Inc. raised its holdings 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 valued at $33,000 after acquiring an additional 200 shares in the last quarter. Finally, Dagco Inc. acquired a new stake in shares of Federal Realty Investment Trust during the 1st quarter worth $34,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

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.