Federal Realty Investment Trust (FRT) – What Are Researchers Saying About This Stock?

Shares of Federal Realty Investment Trust (NYSE:FRT) have earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $124.69.

FRT has been the topic of a number of recent analyst reports. Evercore set a $123.00 price objective on Federal Realty Investment Trust in a report on Monday, September 21st. Mizuho lowered their target price on shares of Federal Realty Investment Trust from $130.00 to $117.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Piper Sandler lifted their price target on shares of Federal Realty Investment Trust from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. Wells Fargo & Company decreased their price objective on shares of Federal Realty Investment Trust from $126.00 to $119.00 and set an “overweight” rating on the stock in a research report on Friday, October 23rd. Finally, UBS Group upped their price target on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “neutral” rating in a report on Wednesday.

Federal Realty Investment Trust Stock Down 0.5%

FRT stock opened at $112.59 on Friday. Federal Realty Investment Trust has a 12 month low of $95.14 and a 12 month high of $128.21. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 2.84 and a beta of 0.94. The company has a fifty day moving average price of $110.22 and a 200 day moving average price of $113.41. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.53 and a quick ratio of 1.53.

Federal Realty Investment Trust (NYSE:FRT) last issued 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). Federal Realty Investment Trust had a net margin of 32.60% and a return on equity of 13.76%. The company had revenue of $339.02 million during the quarter, compared to analyst estimates of $336.57 million. During the same quarter last year, the firm earned $1.77 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts expect that Federal Realty Investment Trust will post 7.56 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

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

Insiders Place Their Bets

In other Federal Realty Investment Trust news, Director Nicole Lamb-Hale sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $108.89, for a total value of $163,335.00. Following the sale, the director directly owned 4,613 shares of the company’s stock, valued at approximately $502,309.57. This trade represents a 24.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in Federal Realty Investment Trust by 8.8% in the third quarter. First Trust Advisors LP now owns 381,044 shares of the real estate investment trust’s stock worth $41,263,000 after purchasing an additional 30,979 shares during the period. Private Wealth Asset Management LLC acquired a new position in shares of Federal Realty Investment Trust during the third quarter valued at approximately $318,000. Private Advisor Group LLC lifted its holdings in Federal Realty Investment Trust by 26.3% in the 3rd quarter. Private Advisor Group LLC now owns 5,846 shares of the real estate investment trust’s stock valued at $633,000 after acquiring an additional 1,219 shares during the last quarter. Focus Advisor Solutions LLC lifted its position in shares of Federal Realty Investment Trust by 79.9% during the 3rd quarter. Focus Advisor Solutions LLC now owns 13,285 shares of the real estate investment trust’s stock valued at $1,439,000 after acquiring an additional 5,901 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 447.3% in the third quarter. Voya Investment Management LLC now owns 95,954 shares of the real estate investment trust’s stock worth $10,391,000 after buying an additional 78,422 shares during the period. 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.