Federal Realty Investment Trust (NYSE:FRT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a sell rating to a hold rating in a report released on Sunday,Wall Street Zen reports.

FRT has been the topic of several other reports. Evercore set a $123.00 target price on Federal Realty Investment Trust in a research note on Monday, September 21st. Mizuho decreased their price target on Federal Realty Investment Trust from $130.00 to $117.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. JPMorgan Chase & Co. raised their price target on Federal Realty Investment Trust from $124.00 to $129.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Scotiabank lowered their price target on Federal Realty Investment Trust from $128.00 to $126.00 and set a “sector outperform” rating for the company in a report on Thursday, September 17th. Finally, Truist Financial started coverage on Federal Realty Investment Trust in a research note on Thursday, October 1st. They set a “hold” rating and a $116.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average price target of $124.31.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $113.74 on Friday. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 2.84 and a beta of 0.94. Federal Realty Investment Trust has a twelve month low of $95.14 and a twelve month high of $128.21. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.55. The company has a 50 day moving average of $110.41 and a two-hundred day moving average of $113.30.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($1.11). The firm had revenue of $339.02 million during the quarter, compared to analysts’ expectations of $336.57 million. Federal Realty Investment Trust had a return on equity of 13.76% and a net margin of 32.60%. Federal Realty Investment Trust’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 earnings per share. As a group, analysts predict that Federal Realty Investment Trust will post 7.56 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, January 4th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 92.80%.

Insider Transactions at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, Director Nicole Lamb-Hale sold 1,500 shares of Federal Realty Investment Trust stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $108.89, for a total transaction of $163,335.00. Following the completion of the sale, the director directly owned 4,613 shares in the company, valued at approximately $502,309.57. The trade was a 24.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Federal Realty Investment Trust

A number of hedge funds have recently modified their holdings of FRT. North Dakota State Investment Board boosted its position in Federal Realty Investment Trust by 3.7% in the 3rd quarter. North Dakota State Investment Board now owns 2,623 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 93 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Federal Realty Investment Trust by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 32,206 shares of the real estate investment trust’s stock worth $3,488,000 after purchasing an additional 94 shares during the period. Pension & Wealth Management Advisors Inc. increased its holdings in shares of Federal Realty Investment Trust by 12.4% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 1,045 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 115 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Federal Realty Investment Trust by 6.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,347 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 132 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Federal Realty Investment Trust by 64.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 370 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is a real estate investment trust that owns, operates, and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and destination-style properties that combine retail, restaurants, entertainment, and, in some locations, residential and office space. The company focuses on established, densely populated communities, primarily in the Northeast, Mid-Atlantic, California, and South Florida. Its properties serve shoppers, residents, and businesses through a mix of national and local retailers, dining options, and other services.