Compass Point Boosts Federal Realty Investment Trust (NYSE:FRT) Price Target to $130.00

Federal Realty Investment Trust (NYSE:FRT) had its target price boosted by Compass Point from $125.00 to $130.00 in a report released on Tuesday, Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other research firms have also weighed in on FRT. Evercore ISI upped their target price on Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an outperform rating in a report on Wednesday, August 28th. Piper Sandler increased their price objective on Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an overweight rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a neutral rating in a research report on Thursday, August 8th. Mizuho raised their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a neutral rating in a report on Monday, August 19th. Finally, Scotiabank raised their price objective on Federal Realty Investment Trust from $112.00 to $120.00 and gave the stock a sector outperform rating in a report on Monday, August 26th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $122.62.

Federal Realty Investment Trust Trading Up 1.0 %

NYSE:FRT opened at $117.39 on Tuesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 41.78, a PEG ratio of 2.20 and a beta of 1.24. Federal Realty Investment Trust has a 1 year low of $85.59 and a 1 year high of $117.65. The stock has a fifty day moving average price of $111.49 and a two-hundred day moving average price of $104.50.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.36). The firm had revenue of $295.80 million during the quarter, compared to analyst estimates of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company posted $1.67 EPS. As a group, sell-side analysts anticipate that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Tuesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 155.16%.

Insider Buying and Selling at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the completion of the transaction, the chief executive officer now owns 6,637 shares in the company, valued at approximately $771,020.29. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FRT. Norges Bank acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter worth approximately $743,378,000. Westwood Holdings Group Inc. grew its position in shares of Federal Realty Investment Trust by 571.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock worth $64,868,000 after acquiring an additional 546,711 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Federal Realty Investment Trust by 53.0% in the 4th 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 acquiring an additional 469,425 shares in the last quarter. Millennium Management LLC grew its position in shares of Federal Realty Investment Trust by 304.0% in the 2nd quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock worth $41,963,000 after acquiring an additional 312,726 shares in the last quarter. Finally, Heitman Real Estate Securities LLC grew its position in shares of Federal Realty Investment Trust by 1,553.3% in the 4th quarter. Heitman Real Estate Securities LLC now owns 207,700 shares of the real estate investment trust’s stock worth $21,403,000 after acquiring an additional 195,137 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

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.