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

Shares of Federal Realty Investment Trust (NYSE:FRT) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $112.70.

FRT has been the topic of a number of recent analyst reports. Barclays raised 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. Truist Financial reaffirmed a “buy” rating and issued a $117.00 target price on shares of Federal Realty Investment Trust in a research note on Monday, March 25th. Scotiabank lowered their target price on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $109.00 to $110.00 in a research note on Monday, April 22nd. Finally, Wells Fargo & Company raised shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $110.00 to $112.00 in a research note on Thursday, February 29th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FRT. Norges Bank purchased a new position in shares of Federal Realty Investment Trust in the fourth quarter worth $743,378,000. JPMorgan Chase & Co. increased its stake in shares of Federal Realty Investment Trust by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 4,717,403 shares of the real estate investment trust’s stock worth $427,538,000 after buying an additional 509,909 shares during the period. Invesco Ltd. increased its stake in shares of Federal Realty Investment Trust by 0.9% in the third quarter. Invesco Ltd. now owns 1,912,936 shares of the real estate investment trust’s stock worth $173,369,000 after buying an additional 16,714 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Federal Realty Investment Trust by 53.0% in the fourth 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 buying an additional 469,425 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Federal Realty Investment Trust by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,155,825 shares of the real estate investment trust’s stock worth $119,108,000 after buying an additional 40,984 shares during the period. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.4 %

Shares of Federal Realty Investment Trust stock opened at $102.19 on Friday. Federal Realty Investment Trust has a 12-month low of $85.27 and a 12-month high of $107.61. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 1.97 and a beta of 1.21. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.60. The company’s 50-day moving average price is $100.27 and its 200-day moving average price is $98.49.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The firm had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $292.05 million. During the same period in the previous year, the company posted $1.58 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 13th were given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Tuesday, March 12th. Federal Realty Investment Trust’s payout ratio is currently 155.71%.

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.