Federal Realty Investment Trust (NYSE:FRT) Price Target Cut to $114.00 by Analysts at Evercore ISI

Federal Realty Investment Trust (NYSE:FRT) had its price target reduced by Evercore ISI from $115.00 to $114.00 in a report published on Friday, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other brokerages have also commented on FRT. Bank of America boosted their price objective on Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a buy rating in a report on Friday, April 5th. Truist Financial reaffirmed a buy rating and set a $117.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Wells Fargo & Company raised shares of Federal Realty Investment Trust from an equal weight rating to an overweight rating and boosted their price target for the stock from $110.00 to $112.00 in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a hold rating to a buy rating and raised their price objective for the stock from $109.00 to $110.00 in a report on Monday, April 22nd. Finally, Barclays boosted their target price on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an overweight rating in a research note on Friday, January 19th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $113.30.

Federal Realty Investment Trust Trading Up 0.1 %

Shares of FRT stock opened at $102.12 on Friday. Federal Realty Investment Trust has a 1-year low of $85.27 and a 1-year high of $107.61. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59. The stock has a market cap of $8.47 billion, a price-to-earnings ratio of 36.34, a PEG ratio of 1.94 and a beta of 1.20. The stock has a 50-day moving average of $100.84 and a 200-day moving average of $99.32.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). The firm had revenue of $291.50 million for the quarter, compared to analyst estimates of $292.05 million. Federal Realty Investment Trust had a net margin of 20.55% and a return on equity of 8.34%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. On average, equities research analysts forecast that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Friday, June 21st. Federal Realty Investment Trust’s payout ratio is currently 155.16%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Federal Realty Investment Trust by 20.3% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 97 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of Federal Realty Investment Trust by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 20,162 shares of the real estate investment trust’s stock worth $2,078,000 after acquiring an additional 100 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in Federal Realty Investment Trust by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 36,527 shares of the real estate investment trust’s stock valued at $3,310,000 after acquiring an additional 130 shares during the period. GAMMA Investing LLC boosted its stake in Federal Realty Investment Trust by 7.6% during the first quarter. GAMMA Investing LLC now owns 1,837 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 130 shares in the last quarter. Finally, Mariner LLC grew its holdings in Federal Realty Investment Trust by 2.2% in the third quarter. Mariner LLC now owns 6,264 shares of the real estate investment trust’s stock worth $568,000 after purchasing an additional 134 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

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.