Federal Realty Investment Trust’s (FRT) Buy Rating Reiterated at Truist Financial

Truist Financial reaffirmed their buy rating on shares of Federal Realty Investment Trust (NYSE:FRT) in a research report report published on Monday morning, Benzinga reports. Truist Financial currently has a $117.00 price target on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the stock. Barclays increased their target price on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an overweight rating in a research report on Friday, January 19th. Mizuho lowered their target price on Federal Realty Investment Trust from $104.00 to $101.00 and set a neutral rating on the stock in a research note on Friday, February 23rd. Piper Sandler raised their price target on Federal Realty Investment Trust from $116.00 to $122.00 and gave the stock an overweight rating in a research note on Wednesday, December 20th. Evercore ISI raised Federal Realty Investment Trust from an in-line rating to an outperform rating and boosted their price target for the company from $104.00 to $108.00 in a research note on Monday, November 27th. Finally, Wells Fargo & Company raised shares of Federal Realty Investment Trust from an equal weight rating to an overweight rating and boosted their target price for the stock from $110.00 to $112.00 in a research report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $112.60.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $102.12 on Monday. The company has a market cap of $8.47 billion, a P/E ratio of 36.47, a price-to-earnings-growth ratio of 2.82 and a beta of 1.21. The company’s fifty day moving average is $100.90 and its two-hundred day moving average is $97.50. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.60. Federal Realty Investment Trust has a 12-month low of $85.27 and a 12-month high of $107.61.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $292.05 million. Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 earnings per share. Equities analysts expect that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, March 13th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $4.36 annualized dividend and a yield of 4.27%. Federal Realty Investment Trust’s payout ratio is 155.71%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. increased its stake in Federal Realty Investment Trust by 20.3% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 97 shares during the period. State of Michigan Retirement System lifted its position in shares of Federal Realty Investment Trust by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 20,162 shares of the real estate investment trust’s stock worth $2,078,000 after buying an additional 100 shares during the period. Creative Planning boosted its stake in Federal Realty Investment Trust by 3.9% in the 2nd quarter. Creative Planning now owns 2,840 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 106 shares in the last quarter. Lazard Asset Management LLC grew its position in Federal Realty Investment Trust by 14.4% in the third quarter. Lazard Asset Management LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 127 shares during the period. Finally, Peapack Gladstone Financial Corp raised its stake in Federal Realty Investment Trust by 0.6% during the first quarter. Peapack Gladstone Financial Corp now owns 21,697 shares of the real estate investment trust’s stock worth $2,144,000 after acquiring an additional 128 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.