Federal Realty Investment Trust (NYSE:FRT) Price Target Raised to $123.00 at Evercore ISI

Federal Realty Investment Trust (NYSE:FRT) had its target price upped by Evercore ISI from $120.00 to $123.00 in a research note issued to investors on Monday, Benzinga reports. Evercore ISI currently has an outperform rating on the real estate investment trust’s stock.

Several other brokerages have also recently issued reports on FRT. Raymond James lifted their price objective on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an outperform rating in a research note on Friday, August 16th. Compass Point lifted their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a buy rating in a research note on Tuesday, September 10th. Truist Financial lifted their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a buy rating in a research note on Wednesday, August 28th. Mizuho lifted their price objective on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a neutral rating in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a neutral rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of Moderate Buy and an average target price of $122.85.

Federal Realty Investment Trust Stock Down 0.1 %

Federal Realty Investment Trust stock opened at $115.49 on Monday. The stock has a market cap of $9.58 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 2.20 and a beta of 1.24. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57. The company’s 50-day moving average price is $112.72 and its two-hundred day moving average price is $105.03. Federal Realty Investment Trust has a 52 week low of $85.59 and a 52 week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.36). The company had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.67 EPS. On average, analysts expect that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a dividend of $1.10 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 156.58%.

Insider Buying and Selling

In related news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at approximately $771,020.29. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Federal Realty Investment Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of Federal Realty Investment Trust in the second quarter worth $228,000. Cetera Investment Advisers lifted its stake in shares of Federal Realty Investment Trust by 1.1% in the second quarter. Cetera Investment Advisers now owns 21,952 shares of the real estate investment trust’s stock worth $2,216,000 after buying an additional 241 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Federal Realty Investment Trust in the second quarter worth $303,000. Quarry LP lifted its stake in shares of Federal Realty Investment Trust by 269.9% in the second quarter. Quarry LP now owns 1,498 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 1,093 shares during the last quarter. Finally, Algert Global LLC lifted its stake in shares of Federal Realty Investment Trust by 40.6% in the second quarter. Algert Global LLC now owns 26,048 shares of the real estate investment trust’s stock worth $2,630,000 after buying an additional 7,520 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

About Federal Realty Investment Trust

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.