Federal Realty Investment Trust (NYSE:FRT) Price Target Raised to $113.00 at Barclays

Federal Realty Investment Trust (NYSE:FRT) had its target price increased by Barclays from $112.00 to $113.00 in a research note published on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the real estate investment trust’s stock.

A number of other research firms have also weighed in on FRT. Mizuho increased their target price on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Evercore ISI initiated coverage on shares of Federal Realty Investment Trust in a report on Tuesday, October 7th. They set an “in-line” rating and a $105.00 target price for the company. Scotiabank increased their target price on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Wells Fargo & Company raised their price objective on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Finally, Deutsche Bank Aktiengesellschaft set a $105.00 price objective on shares of Federal Realty Investment Trust and gave the stock a “hold” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $109.43.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $98.05 on Thursday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average of $98.47 and a 200-day moving average of $95.69. The firm has a market cap of $8.46 billion, a P/E ratio of 24.82, a P/E/G ratio of 3.97 and a beta of 1.15. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.09.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.18. The company had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. Federal Realty Investment Trust’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.69 earnings per share. Sell-side analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were issued a dividend of $1.13 per share. The ex-dividend date was Wednesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 annualized dividend and a dividend yield of 4.6%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 114.43%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Federal Realty Investment Trust by 1.9% during the second quarter. Vanguard Group Inc. now owns 13,273,108 shares of the real estate investment trust’s stock valued at $1,260,813,000 after purchasing an additional 244,854 shares during the last quarter. Norges Bank purchased a new position in shares of Federal Realty Investment Trust during the second quarter valued at approximately $690,507,000. State Street Corp lifted its holdings in shares of Federal Realty Investment Trust by 2.8% during the second quarter. State Street Corp now owns 6,578,616 shares of the real estate investment trust’s stock valued at $624,903,000 after purchasing an additional 176,613 shares during the last quarter. Resolution Capital Ltd lifted its holdings in shares of Federal Realty Investment Trust by 11.8% during the second quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock valued at $310,109,000 after purchasing an additional 344,189 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Federal Realty Investment Trust by 3.1% during the second quarter. Invesco Ltd. now owns 2,712,912 shares of the real estate investment trust’s stock valued at $257,700,000 after purchasing an additional 82,312 shares during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

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.