Federal Realty Investment Trust (NYSE:FRT) Receives $122.85 Average Target Price from Analysts

Federal Realty Investment Trust (NYSE:FRT) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the firm, Marketbeat reports. Two investment 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 brokerages that have covered the stock in the last year is $122.85.

Several brokerages have recently commented on FRT. Truist Financial increased their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Wells Fargo & Company raised their price objective on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Scotiabank upped their target price on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 26th. Raymond James raised their price target on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $120.00 to $135.00 in a report on Friday, September 13th.

Insider Activity

In related news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the completion of the transaction, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at $771,020.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. PFG Investments LLC lifted its stake in Federal Realty Investment Trust by 2.0% in the second quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock valued at $625,000 after buying an additional 124 shares in the last quarter. GAMMA Investing LLC lifted its position in Federal Realty Investment Trust by 7.6% in the 1st quarter. GAMMA Investing LLC now owns 1,837 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 130 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Federal Realty Investment Trust by 2.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock worth $535,000 after purchasing an additional 143 shares during the period. Strategy Asset Managers LLC increased its holdings in Federal Realty Investment Trust by 5.8% during the 1st quarter. Strategy Asset Managers LLC now owns 3,001 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 164 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Federal Realty Investment Trust by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 21,952 shares of the real estate investment trust’s stock worth $2,216,000 after purchasing an additional 241 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Trading Up 0.5 %

Shares of FRT stock opened at $114.95 on Tuesday. The company has a market capitalization of $9.54 billion, a P/E ratio of 40.91, a P/E/G ratio of 2.16 and a beta of 1.24. Federal Realty Investment Trust has a 12-month low of $85.59 and a 12-month high of $118.34. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57. The firm has a 50-day moving average price of $113.61 and a 200 day moving average price of $105.67.

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

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, October 1st. This represents a $4.40 dividend on an annualized basis and a yield of 3.83%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 156.58%.

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.