Federal Realty Investment Trust (NYSE:FRT) Now Covered by Analysts at Evercore ISI

Evercore ISI began coverage on shares of Federal Realty Investment Trust (NYSE:FRT) in a research report report published on Tuesday, MarketBeat reports. The brokerage issued an in-line rating and a $105.00 price objective on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on FRT. Mizuho lifted their price objective 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. Wells Fargo & Company lifted their price objective on Federal Realty Investment Trust from $113.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft set a $105.00 price objective on Federal Realty Investment Trust and gave the company a “hold” rating in a report on Tuesday. Barclays lifted their target price on shares of Federal Realty Investment Trust from $105.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday. Finally, LADENBURG THALM/SH SH upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $109.36.

Federal Realty Investment Trust Stock Down 1.1%

FRT stock opened at $97.62 on Tuesday. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.09. The company has a market cap of $8.42 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 3.77 and a beta of 1.15. The business’s 50-day simple moving average is $97.79 and its 200 day simple moving average is $95.68. 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 (NYSE:FRT) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. During the same period last year, the business earned $1.69 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current 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 $1.13 dividend. 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 annualized dividend and a yield of 4.6%. Federal Realty Investment Trust’s dividend payout ratio is presently 114.43%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Federal Realty Investment Trust by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 13,273,108 shares of the real estate investment trust’s stock worth $1,260,813,000 after purchasing an additional 244,854 shares during the last quarter. Norges Bank acquired a new stake in Federal Realty Investment Trust during the 2nd quarter worth $690,507,000. State Street Corp grew its holdings in Federal Realty Investment Trust by 2.8% during the 2nd quarter. State Street Corp now owns 6,578,616 shares of the real estate investment trust’s stock worth $624,903,000 after acquiring an additional 176,613 shares during the period. Resolution Capital Ltd grew its holdings in Federal Realty Investment Trust by 11.8% during the 2nd quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock worth $310,109,000 after acquiring an additional 344,189 shares during the period. Finally, Invesco Ltd. grew its holdings 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 acquiring an additional 82,312 shares during the period. 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.