Brokerages Set Federal Realty Investment Trust (NYSE:FRT) Target Price at $112.70

Federal Realty Investment Trust (NYSE:FRT) has been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $113.30.

FRT has been the subject of several research reports. Bank of America raised their price target on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Barclays lifted their price objective on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Wells Fargo & Company raised shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $110.00 to $112.00 in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $109.00 to $110.00 in a report on Monday, April 22nd. Finally, Evercore ISI decreased their price target on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several institutional investors have recently made changes to their positions in the stock. Anchor Investment Management LLC acquired a new position in Federal Realty Investment Trust in the 4th quarter valued at $28,000. Tidemark LLC bought a new position in shares of Federal Realty Investment Trust in the fourth quarter worth $40,000. Parkside Financial Bank & Trust raised its stake in Federal Realty Investment Trust by 57.7% in the third quarter. Parkside Financial Bank & Trust now owns 421 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 154 shares in the last quarter. Quarry LP bought a new stake in Federal Realty Investment Trust during the fourth quarter worth about $50,000. Finally, Richardson Financial Services Inc. acquired a new stake in Federal Realty Investment Trust during the fourth quarter worth about $51,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Trading Down 2.7 %

FRT opened at $102.04 on Friday. The firm’s fifty day moving average is $100.75 and its two-hundred day moving average is $99.09. The firm has a market cap of $8.46 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 1.98 and a beta of 1.20. Federal Realty Investment Trust has a twelve month low of $85.27 and a twelve month high of $107.61. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.64 and a current ratio of 2.64.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $292.05 million. During the same period in the previous year, the business posted $1.58 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Federal Realty Investment Trust will post 6.8 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 21st will be issued a dividend of $1.09 per share. The ex-dividend date is Friday, June 21st. This represents a $4.36 annualized dividend and a dividend yield of 4.27%. Federal Realty Investment Trust’s dividend payout ratio is presently 155.71%.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.