Federal Realty Investment Trust (NYSE:FRT) Lowered to In-Line Rating by Evercore ISI

Evercore ISI lowered shares of Federal Realty Investment Trust (NYSE:FRT) from an outperform rating to an in-line rating in a research note published on Monday, Marketbeat reports. They currently have $107.00 price target on the real estate investment trust’s stock, up from their prior price target of $106.00.

A number of other brokerages also recently weighed in on FRT. Wall Street Zen upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Barclays lowered their price target on Federal Realty Investment Trust from $106.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, August 27th. Scotiabank boosted their price target on Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Mizuho boosted their price target on Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a report on Monday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.31.

Federal Realty Investment Trust Price Performance

FRT stock opened at $101.17 on Monday. 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 stock’s 50 day moving average is $96.21 and its two-hundred day moving average is $95.60. The company has a market capitalization of $8.73 billion, a PE ratio of 25.61, a P/E/G ratio of 3.88 and a beta of 1.16.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.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 business earned $1.69 EPS. Federal Realty Investment Trust’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $1.13 per share. The ex-dividend date is Wednesday, October 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.5%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. Federal Realty Investment Trust’s payout ratio is presently 111.39%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Park Square Financial Group LLC acquired a new position in Federal Realty Investment Trust during the 4th quarter valued at approximately $30,000. Versant Capital Management Inc boosted its position 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. Hilltop National Bank acquired a new position in Federal Realty Investment Trust during the 2nd quarter worth $28,000. GKV Capital Management Co. Inc. acquired a new position in Federal Realty Investment Trust during the 1st quarter worth $30,000. Finally, Spire Wealth Management boosted its position in Federal Realty Investment Trust by 365.3% during the 2nd quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 263 shares during the period. 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.