Federal Realty Investment Trust (NYSE:FRT) Receives Average Recommendation of “Hold” from Analysts

Federal Realty Investment Trust (NYSE:FRT) has received an average rating of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $113.43.

FRT has been the topic of a number of research reports. Truist Securities upped their price target on shares of Federal Realty Investment Trust from $120.00 to $125.00 and gave the company a “hold” rating in a research note on Monday, August 30th. Scotiabank upgraded shares of Federal Realty Investment Trust from a “sector perform” rating to a “sector outperform” rating and set a $131.00 price target on the stock in a research note on Monday, June 28th. Truist upped their price target on shares of Federal Realty Investment Trust from $120.00 to $125.00 and gave the company a “hold” rating in a research note on Monday, August 30th. Barclays initiated coverage on shares of Federal Realty Investment Trust in a research note on Wednesday, September 1st. They issued an “overweight” rating and a $133.00 price target on the stock. Finally, UBS Group initiated coverage on shares of Federal Realty Investment Trust in a research note on Thursday, June 3rd. They issued a “neutral” rating and a $120.00 price target on the stock.

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of 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’s stock worth $59,600,000 after acquiring an additional 22,313 shares during the period. Mattern Capital Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 2.4% during the 1st quarter. Mattern Capital Management LLC now owns 49,059 shares of the real estate investment trust’s stock worth $4,977,000 after acquiring an additional 1,171 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Federal Realty Investment Trust by 5.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 18,970 shares of the real estate investment trust’s stock worth $2,223,000 after acquiring an additional 923 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Federal Realty Investment Trust by 22.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 61,449 shares of the real estate investment trust’s stock worth $7,200,000 after acquiring an additional 11,136 shares during the period. Finally, Victory Capital Management Inc. bought a new stake in shares of Federal Realty Investment Trust during the 2nd quarter worth approximately $9,333,000. 87.28% of the stock is owned by institutional investors.

Shares of Federal Realty Investment Trust stock traded down $1.37 during trading on Monday, hitting $117.93. 690,089 shares of the stock were exchanged, compared to its average volume of 650,368. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 59.56, a price-to-earnings-growth ratio of 3.11 and a beta of 1.15. The company has a fifty day moving average price of $118.76 and a 200-day moving average price of $114.29. Federal Realty Investment Trust has a 1-year low of $67.01 and a 1-year high of $125.00. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.76.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, August 4th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.59). The firm had revenue of $230.80 million for the quarter, compared to analyst estimates of $220.64 million. Federal Realty Investment Trust had a return on equity of 6.77% and a net margin of 18.33%. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Equities research analysts forecast that Federal Realty Investment Trust will post 5.14 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Wednesday, September 22nd will be issued a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, September 21st. This represents a $4.28 dividend on an annualized basis and a yield of 3.63%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.06. Federal Realty Investment Trust’s payout ratio is currently 93.81%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the ownership, management and redevelopment of high quality retail focus properties. The company was founded by Samuel J. Gorlitz in 1962 and is headquartered in North Bethesda, MD.

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Analyst Recommendations for Federal Realty Investment Trust (NYSE:FRT)

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