Piper Sandler Boosts Federal Realty Investment Trust (NYSE:FRT) Price Target to $135.00

Federal Realty Investment Trust (NYSE:FRT) had its price target increased by Piper Sandler from $122.00 to $135.00 in a research report released on Friday, Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently commented on FRT. Wells Fargo & Company upped their price target on Federal Realty Investment Trust from $112.00 to $115.00 and gave the stock an overweight rating in a research note on Tuesday, May 28th. Scotiabank lifted their target price on shares of Federal Realty Investment Trust from $109.00 to $112.00 and gave the company a sector outperform rating in a report on Thursday, May 16th. Evercore ISI dropped their price target on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an outperform rating on the stock in a research note on Friday, May 3rd. Bank of America raised their price objective on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a buy rating in a research report on Friday, April 5th. Finally, Mizuho boosted their target price on Federal Realty Investment Trust from $101.00 to $104.00 and gave the stock a neutral rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $115.30.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock traded down $0.78 during trading on Friday, reaching $111.70. The company’s stock had a trading volume of 287,799 shares, compared to its average volume of 593,685. The company has a 50-day moving average price of $103.57 and a two-hundred day moving average price of $101.92. Federal Realty Investment Trust has a fifty-two week low of $85.59 and a fifty-two week high of $115.05. The firm has a market cap of $9.27 billion, a PE ratio of 40.01, a P/E/G ratio of 2.26 and a beta of 1.23. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.14%. The business had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $293.61 million. During the same period in the previous year, the company posted $1.67 earnings per share. Federal Realty Investment Trust’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts forecast that Federal Realty Investment Trust will post 6.8 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 3.94%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 155.16%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Federal Realty Investment Trust by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock worth $1,300,101,000 after purchasing an additional 193,740 shares during the last quarter. Norges Bank acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at $743,378,000. Massachusetts Financial Services Co. MA increased its position in Federal Realty Investment Trust by 53.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,355,907 shares of the real estate investment trust’s stock worth $139,726,000 after purchasing an additional 469,425 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Federal Realty Investment Trust by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,155,825 shares of the real estate investment trust’s stock valued at $119,108,000 after purchasing an additional 40,984 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Federal Realty Investment Trust by 29.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 407,585 shares of the real estate investment trust’s stock valued at $42,002,000 after purchasing an additional 93,048 shares in the last quarter. Institutional investors and hedge funds 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.