Federal Realty Investment Trust (NYSE:FRT) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a hold rating to a buy rating in a report published on Monday, MarketBeat.com reports. The firm currently has $110.00 price target on the real estate investment trust’s stock, up from their prior price target of $109.00.

Other equities analysts have also recently issued reports about the company. Truist Financial restated a buy rating and set a $117.00 price target on shares of Federal Realty Investment Trust in a report on Monday, March 25th. Mizuho cut their price target on Federal Realty Investment Trust from $104.00 to $101.00 and set a neutral rating on the stock in a report on Friday, February 23rd. Barclays increased their price target on Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an overweight rating in a report on Friday, January 19th. Bank of America upped their target price on Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a buy rating in a research report on Friday, April 5th. Finally, Wells Fargo & Company raised Federal Realty Investment Trust from an equal weight rating to an overweight rating and upped their target price for the stock from $110.00 to $112.00 in a research report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $112.70.

Federal Realty Investment Trust Stock Down 1.0 %

Shares of FRT opened at $102.57 on Monday. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 2.92 and a beta of 1.21. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.64 and a current ratio of 2.64. Federal Realty Investment Trust has a 52 week low of $85.27 and a 52 week high of $107.61. The stock has a fifty day moving average of $100.26 and a 200-day moving average of $98.46.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.88). The company had revenue of $291.50 million for the quarter, compared to the consensus estimate of $292.05 million. Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.58 earnings per share. As a group, sell-side analysts anticipate that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 13th were paid a $1.09 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $4.36 dividend on an annualized basis and a yield of 4.25%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 155.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Van Lanschot Kempen Investment Management N.V. bought a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth $2,465,000. Strs Ohio boosted its stake in Federal Realty Investment Trust by 32.7% in the 4th quarter. Strs Ohio now owns 136,781 shares of the real estate investment trust’s stock worth $14,095,000 after purchasing an additional 33,700 shares during the period. Royal London Asset Management Ltd. boosted its stake in Federal Realty Investment Trust by 1.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 43,925 shares of the real estate investment trust’s stock worth $3,982,000 after purchasing an additional 545 shares during the period. FMR LLC boosted its stake in Federal Realty Investment Trust by 195.8% in the 3rd quarter. FMR LLC now owns 135,818 shares of the real estate investment trust’s stock worth $12,309,000 after purchasing an additional 89,898 shares during the period. Finally, Sandy Spring Bank boosted its stake in Federal Realty Investment Trust by 13.1% in the 4th quarter. Sandy Spring Bank now owns 3,870 shares of the real estate investment trust’s stock worth $399,000 after purchasing an additional 449 shares during the period. Institutional investors own 93.86% of the company’s stock.

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.