Federal Realty Investment Trust (NYSE:FRT) Reaches New 52-Week Low – Here’s Why

Federal Realty Investment Trust (NYSE:FRT) shares hit a new 52-week low during trading on Thursday . The company traded as low as $95.60 and last traded at $95.83, with a volume of 219975 shares changing hands. The stock had previously closed at $97.12.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Truist Financial cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $114.00 to $105.00 in a research report on Thursday. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Scotiabank cut their price objective on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company cut their price objective on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Finally, Mizuho cut their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.77.

Federal Realty Investment Trust Stock Performance

The firm has a market cap of $8.24 billion, a P/E ratio of 28.03, a PEG ratio of 2.20 and a beta of 1.27. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The company’s 50-day moving average is $105.48 and its two-hundred day moving average is $110.82.

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

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.58%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 128.28%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in FRT. Principal Financial Group Inc. increased its stake in Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after buying an additional 7,501 shares during the last quarter. Apollon Wealth Management LLC increased its stake in Federal Realty Investment Trust by 5.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,123 shares of the real estate investment trust’s stock valued at $359,000 after buying an additional 167 shares during the last quarter. KBC Group NV increased its stake in Federal Realty Investment Trust by 11.8% in the 3rd quarter. KBC Group NV now owns 1,929 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 204 shares during the last quarter. Curi RMB Capital LLC increased its stake in Federal Realty Investment Trust by 2.1% in the 3rd quarter. Curi RMB Capital LLC now owns 97,727 shares of the real estate investment trust’s stock valued at $11,236,000 after buying an additional 2,038 shares during the last quarter. Finally, Metis Global Partners LLC increased its stake in Federal Realty Investment Trust by 25.3% in the 3rd quarter. Metis Global Partners LLC now owns 9,194 shares of the real estate investment trust’s stock valued at $1,057,000 after buying an additional 1,856 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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.