Federal Realty Investment Trust (NYSE:FRT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $115.82.

A number of research firms recently weighed in on FRT. Evercore ISI dropped their price target on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Truist Financial dropped their price target on Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Wells Fargo & Company increased their price target on Federal Realty Investment Trust from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Scotiabank increased their price target on Federal Realty Investment Trust from $109.00 to $112.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Finally, Piper Sandler upped their price objective on Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, August 2nd.

Federal Realty Investment Trust Trading Up 0.4 %

Shares of Federal Realty Investment Trust stock opened at $112.80 on Monday. Federal Realty Investment Trust has a 12-month low of $85.59 and a 12-month high of $115.05. The stock has a market cap of $9.36 billion, a P/E ratio of 40.14, a P/E/G ratio of 2.26 and a beta of 1.23. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.59. The business’s 50 day moving average is $104.89 and its 200-day moving average is $102.31.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a return on equity of 10.14% and a net margin of 24.69%. The company had revenue of $295.80 million for the quarter, compared to the consensus estimate of $293.61 million. During the same quarter in the prior year, the company earned $1.67 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts predict that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $1.10 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is 156.58%.

Institutional Trading of Federal Realty Investment Trust

Several large investors have recently modified their holdings of the stock. Edgestream Partners L.P. acquired a new stake in shares of Federal Realty Investment Trust during the 2nd quarter worth $1,981,000. Dimensional Fund Advisors LP grew its holdings in shares of Federal Realty Investment Trust by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust’s stock worth $115,000,000 after purchasing an additional 8,933 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Federal Realty Investment Trust by 4.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock worth $201,355,000 after purchasing an additional 90,395 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Federal Realty Investment Trust by 9.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 77,126 shares of the real estate investment trust’s stock worth $7,787,000 after purchasing an additional 6,654 shares in the last quarter. Finally, Morningstar Investment Management LLC grew its holdings in shares of Federal Realty Investment Trust by 12.6% during the 2nd quarter. Morningstar Investment Management LLC now owns 3,677 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 412 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile

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.