Federal Realty Investment Trust (NYSE:FRT) Given “Neutral” Rating at Citigroup

Citigroup restated their neutral rating on shares of Federal Realty Investment Trust (NYSE:FRT) in a research report released on Friday morning, MarketBeat.com reports. They currently have a $106.00 target price on the real estate investment trust’s stock, down from their previous target price of $135.00.

A number of other equities research analysts have also commented on the company. Scotiabank decreased their price objective on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Mizuho decreased their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Truist Financial lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their price objective for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. JPMorgan Chase & Co. decreased their target price on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Stifel Nicolaus dropped their price target 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. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.62.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $96.80 on Friday. Federal Realty Investment Trust has a fifty-two week low of $94.58 and a fifty-two week high of $118.34. The firm’s 50 day simple moving average is $103.78 and its 200-day simple moving average is $109.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $8.29 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27.

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

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is 128.28%.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of large investors have recently added to or reduced their stakes in the stock. FIL Ltd lifted its stake in shares of Federal Realty Investment Trust by 0.3% in the fourth quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust’s stock worth $3,984,000 after buying an additional 95 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Federal Realty Investment Trust by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock worth $734,000 after acquiring an additional 110 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 111 shares during the period. Park Avenue Securities LLC grew its position in shares of Federal Realty Investment Trust by 2.7% in the fourth quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock valued at $533,000 after purchasing an additional 125 shares during the last quarter. Finally, Keybank National Association OH increased its stake in shares of Federal Realty Investment Trust by 5.1% in the fourth quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 128 shares during the period. Institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

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.