Federal Realty Investment Trust (NYSE:FRT) Given New $121.00 Price Target at UBS Group

Federal Realty Investment Trust (NYSE:FRT) had its price target lifted by UBS Group from $115.00 to $121.00 in a report published on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust’s stock.

A number of other analysts have also recently issued reports on the company. Wall Street Zen raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Sunday. Mizuho cut their price target on shares of Federal Realty Investment Trust from $130.00 to $117.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Citigroup reduced their price target on shares of Federal Realty Investment Trust from $130.00 to $121.00 and set a “neutral” rating for the company in a report on Monday. Barclays lowered their price objective on shares of Federal Realty Investment Trust from $123.00 to $118.00 and set an “equal weight” rating for the company in a research report on Monday, September 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Federal Realty Investment Trust from $124.00 to $129.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.69.

Federal Realty Investment Trust Price Performance

FRT opened at $113.11 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.55. Federal Realty Investment Trust has a 12 month low of $95.14 and a 12 month high of $128.21. The company has a fifty day simple moving average of $110.33 and a 200 day simple moving average of $113.35. The stock has a market cap of $9.73 billion, a P/E ratio of 15.23, a P/E/G ratio of 2.86 and a beta of 0.94.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($1.11). Federal Realty Investment Trust had a net margin of 32.60% and a return on equity of 13.76%. The business had revenue of $339.02 million during the quarter, compared to analyst estimates of $336.57 million. During the same period in the previous year, the firm posted $1.77 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that Federal Realty Investment Trust will post 7.56 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Monday, January 4th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, January 4th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 92.80%.

Insider Buying and Selling

In other Federal Realty Investment Trust news, Director Nicole Lamb-Hale sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $108.89, for a total transaction of $163,335.00. Following the completion of the transaction, the director owned 4,613 shares of the company’s stock, valued at $502,309.57. This represents a 24.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several hedge funds have recently made changes to their positions in the business. Resolution Capital Ltd lifted its position in shares of Federal Realty Investment Trust by 10.3% in the first quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock worth $387,090,000 after purchasing an additional 340,524 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Federal Realty Investment Trust by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,284,001 shares of the real estate investment trust’s stock valued at $136,368,000 after purchasing an additional 53,109 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Federal Realty Investment Trust in the 2nd quarter valued at about $59,832,000. Bank of America Corp DE increased its position in shares of Federal Realty Investment Trust by 90.2% during the 1st quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust’s stock worth $54,114,000 after purchasing an additional 241,684 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Federal Realty Investment Trust by 2.5% during the first quarter. Janus Henderson Group PLC now owns 413,167 shares of the real estate investment trust’s stock worth $43,918,000 after acquiring an additional 10,095 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is a real estate investment trust that owns, operates, and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and destination-style properties that combine retail, restaurants, entertainment, and, in some locations, residential and office space. The company focuses on established, densely populated communities, primarily in the Northeast, Mid-Atlantic, California, and South Florida. Its properties serve shoppers, residents, and businesses through a mix of national and local retailers, dining options, and other services.