Federal Realty Investment Trust (NYSE:FRT) Given New $117.00 Price Target at Scotiabank

Federal Realty Investment Trust (NYSE:FRT) had its target price lowered by Scotiabank from $126.00 to $117.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a sector outperform rating on the real estate investment trust’s stock.

FRT has been the topic of a number of other reports. Raymond James cut their price target on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Stifel Nicolaus cut their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Wells Fargo & Company cut their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Finally, Mizuho cut their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.85.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $105.54 on Friday. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.20 and a beta of 1.24. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week high of $118.34. The stock’s 50 day moving average price is $107.64 and its two-hundred day moving average price is $111.67. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.73. The firm had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. On average, equities analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 128.28%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several large investors have recently made changes to their positions in FRT. Park Square Financial Group LLC purchased a new stake in Federal Realty Investment Trust in the 4th quarter worth about $30,000. Brooklyn Investment Group purchased a new stake in Federal Realty Investment Trust in the 3rd quarter worth about $36,000. Kapitalo Investimentos Ltda purchased a new stake in Federal Realty Investment Trust in the 4th quarter worth about $51,000. Venturi Wealth Management LLC increased its holdings in Federal Realty Investment Trust by 244.9% in the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 333 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 111 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.