Brokerages Set Federal Realty Investment Trust (NYSE:FRT) Target Price at $109.29

Shares of Federal Realty Investment Trust (NYSE:FRT) have been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $108.5357.

Several brokerages have recently weighed in on FRT. Mizuho lifted their price target on Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Scotiabank lifted their price target on Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Stifel Nicolaus set a $104.50 price objective on Federal Realty Investment Trust in a research note on Friday. Wells Fargo & Company began coverage on Federal Realty Investment Trust in a research note on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price objective for the company. Finally, Barclays lifted their price objective on Federal Realty Investment Trust from $112.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in 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 buying an additional 244,854 shares during the period. Norges Bank bought a new stake in Federal Realty Investment Trust during the second quarter valued at $690,507,000. State Street Corp lifted its stake in 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 worth $624,903,000 after purchasing an additional 176,613 shares during the last quarter. Resolution Capital Ltd lifted its stake in 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 worth $310,109,000 after purchasing an additional 344,189 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in 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 worth $257,700,000 after purchasing an additional 82,312 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $96.31 on Wednesday. The stock has a market cap of $8.31 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 3.78 and a beta of 1.15. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.09. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a fifty day moving average of $99.41 and a 200-day moving average of $96.43.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.01. The company had revenue of $322.25 million during the quarter, compared to analysts’ expectations of $318.73 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.71 earnings per share. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. Equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $4.52 annualized dividend and a yield of 4.7%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 114.72%.

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.