Federal Realty Investment Trust (NYSE:FRT) Price Target Lowered to $113.00 at Scotiabank

Federal Realty Investment Trust (NYSE:FRT) had its price objective reduced by Scotiabank from $114.00 to $113.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a sector outperform rating on the real estate investment trust’s stock.

A number of other research analysts also recently commented on the stock. Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Stifel Nicolaus set a $109.50 price objective on Federal Realty Investment Trust in a research note on Thursday, December 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Federal Realty Investment Trust in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $105.00 target price on Federal Realty Investment Trust and gave the company a “hold” rating in a research report on Tuesday, October 7th. Finally, Barclays restated a “positive” rating and set a $107.00 price target on shares of Federal Realty Investment Trust in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.30.

Federal Realty Investment Trust Stock Down 0.1%

NYSE FRT opened at $101.96 on Wednesday. The stock has a 50 day moving average price of $99.31 and a 200-day moving average price of $97.87. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $111.82. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $8.80 billion, a P/E ratio of 25.88, a P/E/G ratio of 3.66 and a beta of 1.01.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. Federal Realty Investment Trust had a net margin of 27.65% and a return on equity of 11.12%. The company had revenue of $321.97 million for the quarter, compared to the consensus estimate of $318.73 million. During the same quarter in the prior year, the firm earned $1.71 earnings per share. Federal Realty Investment Trust’s revenue was up 6.2% on a year-over-year basis. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. As a group, equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 114.72%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several hedge funds have recently bought and sold shares of FRT. Jones Financial Companies Lllp lifted its position in shares of Federal Realty Investment Trust by 21.5% during the first quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 514 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Federal Realty Investment Trust by 43.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust’s stock worth $59,922,000 after buying an additional 184,557 shares during the period. Empowered Funds LLC lifted its holdings in Federal Realty Investment Trust by 12.5% during the 1st quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 355 shares in the last quarter. Voya Investment Management LLC boosted its position in Federal Realty Investment Trust by 1.1% in the 1st quarter. Voya Investment Management LLC now owns 22,959 shares of the real estate investment trust’s stock valued at $2,246,000 after buying an additional 254 shares during the period. Finally, Parallel Advisors LLC boosted its position in Federal Realty Investment Trust by 416.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,136 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 916 shares during the period. Institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.