Shares of Federal Realty Investment Trust (NYSE: FRT) received a consensus “buy” recommendation from the fifteen analysts who currently cover the company, Marketbeat Ratings reports. Seven analysts rated the stock with a hold recommendation and seven gave the company a buy recommendation. The 12-month average price target among brokers who have reported on the stock over the past year is $126.92.
A number of analysts have commented on the company. Truist raised its price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “holding” rating in a Friday, Dec. 10 research report. BMO Capital Markets upgraded Federal Realty Investment Trust from a ‘market performer’ rating to an ‘outperformer’ rating and set a price target of $145.00 for the company in a Wednesday, Dec. 1 research report . Deutsche Bank Aktiengesellschaft raised its price target on Federal Realty Investment Trust from $140.00 to $150.00 and gave the company a “buy” rating in a Monday, January 3 report. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised its price target for the company from $135.00 to $142.00 in a Monday 20 report. December. Finally, TheStreet upgraded Federal Realty Investment Trust from a “c+” rating to a “b” rating in a Thursday, November 4, report.
Institutional investors have recently changed their positions in the stock. AlphaCrest Capital Management LLC increased its stake in shares of Federal Realty Investment Trust by 116.4% in Q2. AlphaCrest Capital Management LLC now owns 5,184 shares of the real estate investment trust worth $607,000 after buying 2,788 additional shares in the last quarter. Principal Financial Group Inc. increased its stake in Federal Realty Investment Trust by 4.6% during the 2nd quarter. Principal Financial Group Inc. now owns 508,662 shares of the real estate investment trust worth $59,600,000 after purchasing an additional 22,313 shares last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Federal Realty Investment Trust during Q2 for a value of approximately $15,788,000. Ellevest Inc. increased its stake in Federal Realty Investment Trust by 61.5% during the third quarter. Ellevest Inc. now owns 1,032 shares of the real estate investment trust worth $122,000 after buying 393 additional shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in Federal Realty Investment Trust by 5.0% during the third quarter. Advisor Group Holdings Inc. now owns 44,573 shares of the real estate investment trust worth $5,267,000 after buying an additional 2,136 shares last quarter. Hedge funds and other institutional investors own 86.51% of the company’s shares.
FRT shares opened at $132.86 on Friday. The stock has a 50-day moving average of $130.93 and a two-hundred-day moving average of $123.63. Federal Realty Investment Trust has a one-year low of $84.38 and a one-year high of $140.51. The company has a debt ratio of 1.78, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $10.34 billion, a P/E ratio of 43.85, a P/E/G ratio of 2.31 and a beta of 1.12.
Federal Realty Investment Trust (NYSE:FRT) last released its quarterly results on Thursday, November 4. The real estate investment trust reported EPS of $0.64 for the quarter, missing the Zacks consensus estimate of $1.28 per ($0.64). Federal Realty Investment Trust posted a return on equity of 10.02% and a net margin of 26.33%. The company posted revenue of $247.30 million for the quarter, versus analyst estimates of $228.23 million. During the same period a year earlier, the company posted EPS of $1.12. The company’s revenues increased by 18.8% compared to the same quarter last year. Analysts expect Federal Realty Investment Trust to post an EPS of 5.5 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 18. Investors of record on Monday, January 3 will receive a dividend of $1.07. The ex-dividend date is Friday, December 31. This represents an annualized dividend of $4.28 and a dividend yield of 3.22%. Federal Realty Investment Trust’s dividend payout ratio is currently 141.25%.
About the Federal Real Estate Investment Trust
Federal Realty Investment Trust is an equity real estate investment trust engaged in the ownership, management and redevelopment of high-quality, retail-focused properties. The company was founded by Samuel J. Gorlitz in 1962 and is based in North Bethesda, MD.
See also: Trustee
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