Scotiabank Issues Pessimistic Forecast for Federal Realty Investment Trust (NYSE:FRT) Stock Price

Federal Realty Investment Trust (NYSE:FRT) had its price target cut by Scotiabank from $117.00 to $111.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a sector outperform rating on the real estate investment trust’s stock.

FRT has been the subject of a number of other reports. Raymond James decreased their price target on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. dropped their target price on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Mizuho reduced their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

Federal Realty Investment Trust Price Performance

FRT stock opened at $94.85 on Wednesday. The company has a market cap of $8.14 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The stock has a 50-day moving average price of $97.12 and a two-hundred day moving average price of $106.31.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. The firm had revenue of $311.44 million for the quarter, compared to analyst estimates 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, research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a $1.10 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.64%. Federal Realty Investment Trust’s dividend payout ratio is presently 128.28%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Park Square Financial Group LLC bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth about $30,000. Versant Capital Management Inc raised its stake in Federal Realty Investment Trust by 82.3% during the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 130 shares in the last quarter. CX Institutional bought a new position in Federal Realty Investment Trust during the 1st quarter worth approximately $44,000. Kapitalo Investimentos Ltda acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter worth approximately $51,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Federal Realty Investment Trust by 244.9% in the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 333 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

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.