Federal Realty Investment Trust (NYSE:FRT) Price Target Cut to $107.00 by Analysts at Mizuho

Federal Realty Investment Trust (NYSE:FRT) had its target price cut by Mizuho from $119.00 to $107.00 in a report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other brokerages have also issued reports on FRT. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Stifel Nicolaus dropped their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Raymond James dropped their price target on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $122.00 to $125.00 in a research note on Friday, December 20th. Finally, Wells Fargo & Company dropped their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.54.

Federal Realty Investment Trust Price Performance

Shares of FRT stock opened at $105.53 on Tuesday. Federal Realty Investment Trust has a 1 year low of $95.97 and a 1 year high of $118.34. The firm’s 50 day moving average is $107.85 and its 200-day moving average is $111.77. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.20 and a beta of 1.24. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The company had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. Sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 128.28%.

Institutional Trading of Federal Realty Investment Trust

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after buying an additional 168,885 shares during the period. Principal Financial Group Inc. lifted its position in Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after acquiring an additional 7,501 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in Federal Realty Investment Trust in the 3rd quarter worth $1,322,000. Vert Asset Management LLC increased its holdings in Federal Realty Investment Trust by 12.3% during the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock worth $3,697,000 after purchasing an additional 3,617 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Federal Realty Investment Trust by 14.5% in the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 175 shares during the period. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.