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

Shares of Federal Realty Investment Trust (NYSE:FRT) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $110.1429.

Several brokerages recently commented on FRT. Evercore ISI decreased their target price on shares of Federal Realty Investment Trust from $109.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Scotiabank reaffirmed an “outperform” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, May 21st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Federal Realty Investment Trust in a research note on Monday, May 26th. Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, JPMorgan Chase & Co. downgraded shares of Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and set a $108.00 price objective on the stock. in a research report on Monday, June 23rd.

Federal Realty Investment Trust Stock Down 0.8%

Shares of NYSE FRT opened at $93.78 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. The firm’s fifty day moving average is $94.55 and its 200 day moving average is $96.99. The company has a market cap of $8.09 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 3.76 and a beta of 1.14.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, topping the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The company had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. During the same period in the previous year, the firm earned $1.69 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $1.13 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, October 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.8%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 111.39%.

Institutional Trading of Federal Realty Investment Trust

A number of hedge funds have recently modified their holdings of FRT. Envestnet Asset Management Inc. boosted its holdings in shares of Federal Realty Investment Trust by 80.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 119,993 shares of the real estate investment trust’s stock valued at $13,433,000 after buying an additional 53,474 shares in the last quarter. Cerity Partners LLC boosted its stake in Federal Realty Investment Trust by 54.3% in the 4th quarter. Cerity Partners LLC now owns 6,762 shares of the real estate investment trust’s stock worth $766,000 after purchasing an additional 2,380 shares in the last quarter. Raymond James Financial Inc. bought a new position in Federal Realty Investment Trust in the 4th quarter worth about $17,187,000. Rockefeller Capital Management L.P. bought a new position in Federal Realty Investment Trust in the 4th quarter worth about $8,493,000. Finally, Barclays PLC boosted its stake in Federal Realty Investment Trust by 96.8% in the 4th quarter. Barclays PLC now owns 260,753 shares of the real estate investment trust’s stock worth $29,192,000 after purchasing an additional 128,256 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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.