Analysts Set Federal Realty Investment Trust (NYSE:FRT) PT at $119.77

Federal Realty Investment Trust (NYSE:FRT) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $119.77.

Several research analysts have weighed in on FRT shares. JPMorgan Chase & Co. lowered their price target on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Truist Financial lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their price target for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Mizuho dropped their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Stifel Nicolaus dropped their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st.

Federal Realty Investment Trust Stock Up 3.3 %

Shares of NYSE FRT opened at $98.21 on Tuesday. Federal Realty Investment Trust has a 52-week low of $94.58 and a 52-week high of $118.34. The firm has a 50 day moving average price of $104.37 and a 200 day moving average price of $109.87. The stock has a market cap of $8.41 billion, a P/E ratio of 28.63, a P/E/G ratio of 2.20 and a beta of 1.27. 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 released its 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. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm had revenue of $311.44 million during the quarter, compared to analysts’ expectations of $311.85 million. Analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 128.28%.

Institutional Trading of Federal Realty Investment Trust

Institutional investors have recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $30,000. Brooklyn Investment Group bought a new stake in Federal Realty Investment Trust in the third quarter worth about $36,000. Kapitalo Investimentos Ltda purchased a new stake in Federal Realty Investment Trust in the fourth quarter worth $51,000. Venturi Wealth Management LLC raised its stake in shares of Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 333 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of 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 valued at $62,000 after buying an additional 111 shares during the last quarter. 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.