Federal Realty Investment Trust (NYSE:FRT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Federal Realty Investment Trust (NYSE:FRT) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $116.00.

FRT has been the subject of a number of recent analyst reports. Raymond James lowered their price objective 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. Citigroup restated 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. Wells Fargo & Company lowered their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Scotiabank reduced their target price on shares of Federal Realty Investment Trust from $117.00 to $111.00 and set a “sector outperform” rating for the company in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. reduced 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.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $96.90 on Wednesday. The firm has a fifty day moving average of $94.54 and a two-hundred day moving average of $104.59. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The business had revenue of $302.29 million during the quarter, compared to analysts’ expectations of $307.55 million. During the same quarter in the prior year, the company earned $1.64 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.54%. Federal Realty Investment Trust’s dividend payout ratio is 126.07%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after buying an additional 168,885 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Federal Realty Investment Trust by 17.5% during the 4th quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust’s stock worth $9,324,000 after buying an additional 12,387 shares during the last quarter. Vert Asset Management LLC raised its holdings in shares of Federal Realty Investment Trust by 12.3% in the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock valued at $3,697,000 after purchasing an additional 3,617 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after purchasing an additional 7,501 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Federal Realty Investment Trust by 14.5% in the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 175 shares during the period. 93.86% of the stock is currently 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.