Federal Realty Investment Trust (NYSE:FRT) Price Target Raised to $112.00 at Barclays

Federal Realty Investment Trust (NYSE:FRT) had its price target boosted by Barclays from $105.00 to $112.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other analysts have also recently commented on the stock. UBS Group reduced their price objective on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Monday, June 16th. Mizuho increased their target price on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Wall Street Zen raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Wells Fargo & Company upped their price target on Federal Realty Investment Trust from $113.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Finally, Evercore ISI cut Federal Realty Investment Trust from an “outperform” rating to an “in-line” rating and lifted their price objective for the stock from $106.00 to $107.00 in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.85.

Federal Realty Investment Trust Stock Down 0.6%

Federal Realty Investment Trust stock opened at $98.81 on Monday. The stock’s 50 day moving average price is $97.73 and its 200 day moving average price is $95.67. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.09. The company has a market cap of $8.52 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 3.80 and a beta of 1.15. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14.

Federal Realty Investment Trust (NYSE:FRT) last released 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. The firm had revenue of $302.48 million during the quarter, compared to analysts’ expectations of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.Federal Realty Investment Trust’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.69 earnings per share. On average, sell-side analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $1.13 dividend. This is a positive change 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 yield of 4.6%. Federal Realty Investment Trust’s payout ratio is currently 114.43%.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Federal Realty Investment Trust by 1.9% during the second quarter. Vanguard Group Inc. now owns 13,273,108 shares of the real estate investment trust’s stock worth $1,260,813,000 after buying an additional 244,854 shares during the period. Norges Bank purchased a new stake in Federal Realty Investment Trust during the 2nd quarter worth $690,507,000. State Street Corp boosted its position in shares of Federal Realty Investment Trust by 2.8% in the second quarter. State Street Corp now owns 6,578,616 shares of the real estate investment trust’s stock worth $624,903,000 after buying an additional 176,613 shares during the period. Resolution Capital Ltd grew its position in Federal Realty Investment Trust by 11.8% in the second quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock valued at $310,109,000 after acquiring an additional 344,189 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Federal Realty Investment Trust by 3.1% during the 2nd quarter. Invesco Ltd. now owns 2,712,912 shares of the real estate investment trust’s stock worth $257,700,000 after buying an additional 82,312 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.