Federal Realty Investment Trust (NYSE:FRT) Given New $116.00 Price Target at Mizuho

Federal Realty Investment Trust (NYSE:FRT) had its target price boosted by Mizuho from $104.00 to $116.00 in a report released on Monday morning, Benzinga reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

Several other research firms have also issued reports on FRT. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a hold rating to a buy rating and increased their target price for the stock from $109.00 to $110.00 in a report on Monday, April 22nd. Raymond James boosted their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an outperform rating in a research report on Friday, August 16th. Truist Financial reduced their price target on shares of Federal Realty Investment Trust from $117.00 to $115.00 and set a buy rating on the stock in a research report on Monday, May 20th. Piper Sandler boosted their price objective on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an overweight rating in a research report on Friday, August 2nd. Finally, Scotiabank raised their target price on Federal Realty Investment Trust from $109.00 to $112.00 and gave the company a sector outperform rating in a report on Thursday, May 16th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $118.36.

Federal Realty Investment Trust Trading Up 0.5 %

Shares of Federal Realty Investment Trust stock opened at $114.20 on Monday. Federal Realty Investment Trust has a 52-week low of $85.59 and a 52-week high of $115.05. The stock has a market cap of $9.47 billion, a PE ratio of 40.64, a PEG ratio of 2.26 and a beta of 1.23. The firm has a 50-day moving average of $107.00 and a 200-day moving average of $102.93. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.69 and a current ratio of 1.69.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results 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 business had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. During the same quarter in the previous year, the company earned $1.67 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Federal Realty Investment Trust will post 6.8 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Tuesday, October 1st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s dividend payout ratio is presently 156.58%.

Institutional Trading of Federal Realty Investment Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Federal Realty Investment Trust during the 4th quarter worth approximately $743,378,000. Westwood Holdings Group Inc. raised its stake in shares of Federal Realty Investment Trust by 571.1% during the second quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock valued at $64,868,000 after acquiring an additional 546,711 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Federal Realty Investment Trust by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,355,907 shares of the real estate investment trust’s stock worth $139,726,000 after purchasing an additional 469,425 shares during the period. Millennium Management LLC grew its stake in shares of Federal Realty Investment Trust by 304.0% in the second quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock worth $41,963,000 after purchasing an additional 312,726 shares during the last quarter. Finally, Heitman Real Estate Securities LLC increased its holdings in Federal Realty Investment Trust by 1,553.3% in the fourth quarter. Heitman Real Estate Securities LLC now owns 207,700 shares of the real estate investment trust’s stock valued at $21,403,000 after purchasing an additional 195,137 shares during the period. 93.86% of the stock is currently owned by institutional investors.

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.