Federal Realty Investment Trust (NYSE:FRT) Price Target Raised to $124.00

Federal Realty Investment Trust (NYSE:FRT) had its price objective increased by JPMorgan Chase & Co. from $115.00 to $124.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

Several other research analysts have also issued reports on the stock. Barclays increased their target price on shares of Federal Realty Investment Trust from $107.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Wells Fargo & Company increased their target price on shares of Federal Realty Investment Trust from $113.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Citigroup increased their target price on shares of Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Stifel Nicolaus increased their target price on shares of Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Finally, Weiss Ratings raised shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $114.40.

Federal Realty Investment Trust Trading Down 0.6%

Shares of NYSE FRT opened at $113.10 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. Federal Realty Investment Trust has a 52-week low of $89.99 and a 52-week high of $117.22. The firm has a 50 day moving average price of $108.97 and a two-hundred day moving average price of $103.90. The stock has a market cap of $9.77 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 4.39 and a beta of 0.92.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, February 12th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.38). Federal Realty Investment Trust had a net margin of 38.63% and a return on equity of 15.99%. The business had revenue of $336.05 million during the quarter, compared to analyst estimates of $327.65 million. During the same quarter last year, the company posted $1.73 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that Federal Realty Investment Trust will post 7.51 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $4.52 annualized dividend and a yield of 4.0%. Federal Realty Investment Trust’s payout ratio is currently 78.47%.

Institutional Trading of Federal Realty Investment Trust

Several hedge funds have recently added to or reduced their stakes in FRT. Jones Financial Companies Lllp raised its position in Federal Realty Investment Trust by 21.5% in the first quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 514 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Federal Realty Investment Trust by 43.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust’s stock valued at $59,922,000 after buying an additional 184,557 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Federal Realty Investment Trust by 12.5% during the 1st quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 355 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Federal Realty Investment Trust during the 2nd quarter valued at approximately $2,895,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Federal Realty Investment Trust by 18.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 109 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.