Federal Realty Investment Trust (NYSE:FRT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT) have been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $122.54.

A number of brokerages recently weighed in on FRT. Stifel Nicolaus cut their price objective on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Scotiabank lifted their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $122.00 to $125.00 in a research report on Friday, December 20th. Mizuho dropped their price objective on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st.

Federal Realty Investment Trust Trading Down 0.1 %

NYSE FRT opened at $105.53 on Friday. The stock has a market cap of $9.04 billion, a P/E ratio of 30.77, a PEG ratio of 2.20 and a beta of 1.24. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The company’s fifty day simple moving average is $107.85 and its 200-day simple moving average is $111.77.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Equities research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.17%. Federal Realty Investment Trust’s dividend payout ratio is 128.28%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several large investors have recently modified their holdings of FRT. Brooklyn Investment Group bought a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth approximately $36,000. Kapitalo Investimentos Ltda acquired a new stake in Federal Realty Investment Trust during the fourth quarter worth approximately $51,000. Eastern Bank bought a new position in Federal Realty Investment Trust in the 3rd quarter valued at about $52,000. Venturi Wealth Management LLC raised its holdings in shares of Federal Realty Investment Trust by 244.9% during the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 333 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 111 shares during the last quarter. 93.86% of the stock is currently 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.