Federal Realty Investment Trust (NYSE:FRT) Receives $116.00 Consensus PT from Analysts

Federal Realty Investment Trust (NYSE:FRT) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $116.00.

FRT has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Citigroup reiterated a “neutral” rating and issued a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Wells Fargo & Company dropped their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Scotiabank dropped their price target on shares of Federal Realty Investment Trust from $117.00 to $111.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus dropped their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday, February 14th.

Federal Realty Investment Trust Trading Down 1.7%

Shares of FRT stock opened at $93.57 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market cap of $8.03 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. The company has a 50-day moving average of $94.73 and a two-hundred day moving average of $104.74. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.01. The company had revenue of $302.29 million during the quarter, compared to analyst estimates of $307.55 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. Federal Realty Investment Trust’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 earnings per share. On average, analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.70%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 126.07%.

Institutional Trading of Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FRT. FIL Ltd grew its holdings in shares of Federal Realty Investment Trust by 0.3% during the 4th quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust’s stock worth $3,984,000 after purchasing an additional 95 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Federal Realty Investment Trust by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock worth $734,000 after acquiring an additional 110 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Federal Realty Investment Trust by 25.0% during 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 in the last quarter. Park Avenue Securities LLC lifted its position in Federal Realty Investment Trust by 2.7% during the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock worth $533,000 after acquiring an additional 125 shares in the last quarter. Finally, Keybank National Association OH lifted its position in Federal Realty Investment Trust by 5.1% during the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock worth $293,000 after acquiring an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

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.