Mizuho Cuts Federal Realty Investment Trust (NYSE:FRT) Price Target to $117.00

Federal Realty Investment Trust (NYSE:FRT) had its target price trimmed by Mizuho from $130.00 to $117.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

FRT has been the topic of several other reports. Raymond James Financial reissued an “outperform” rating and issued a $135.00 target price on shares of Federal Realty Investment Trust in a report on Monday, June 29th. Wolfe Research started coverage on Federal Realty Investment Trust in a report on Wednesday, July 8th. They set an “outperform” rating and a $143.00 price target for the company. Truist Financial lifted their price target on Federal Realty Investment Trust from $112.00 to $118.00 and gave the stock a “hold” rating in a research report on Friday, June 5th. Barclays upped their price target on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Finally, UBS Group set a $117.00 price objective on shares of Federal Realty Investment Trust in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.25.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $110.45 on Thursday. The company’s fifty day moving average price is $118.00 and its 200-day moving average price is $116.11. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 2.72 and a beta of 0.91. Federal Realty Investment Trust has a one year low of $90.03 and a one year high of $128.21.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.97 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.88). The business had revenue of $335.71 million for the quarter, compared to analysts’ expectations of $331.92 million. Federal Realty Investment Trust had a return on equity of 13.65% and a net margin of 32.67%.The company’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $1.91 earnings per share. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. On average, equities research analysts anticipate that Federal Realty Investment Trust will post 7.54 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 4.2%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Thursday, October 1st. Federal Realty Investment Trust’s payout ratio is presently 91.31%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at approximately $734,290,000. Wellington Management Group LLP bought a new stake in Federal Realty Investment Trust during the 2nd quarter valued at $59,832,000. Resolution Capital Ltd raised its position in Federal Realty Investment Trust by 10.3% during the 1st quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock valued at $387,090,000 after purchasing an additional 340,524 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Federal Realty Investment Trust by 693.9% in the 1st quarter. First Trust Advisors LP now owns 382,058 shares of the real estate investment trust’s stock worth $40,578,000 after buying an additional 333,931 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Federal Realty Investment Trust by 90.2% in 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 buying an additional 241,684 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust

Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates, develops and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and properties that combine retail, dining, residential, office and other uses, with an emphasis on locations in affluent and densely populated communities.

The company’s properties are concentrated in major metropolitan markets along the East Coast, in California and in South Florida.