Federal Realty Investment Trust (NYSE:FRT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other brokerages have also issued reports on FRT. Weiss Ratings reiterated a “hold (c+)” rating on shares of Federal Realty Investment Trust in a research note on Monday, December 22nd. Evercore ISI decreased their price objective on Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating for the company in a report on Monday, November 3rd. Truist Financial lifted their target price on Federal Realty Investment Trust from $105.00 to $109.00 and gave the company a “hold” rating in a research report on Tuesday, December 2nd. Barclays reissued an “equal weight” rating and set a $106.00 price target (down from $113.00) on shares of Federal Realty Investment Trust in a research report on Tuesday, November 18th. Finally, Stifel Nicolaus set a $109.50 price target on Federal Realty Investment Trust in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.30.

Federal Realty Investment Trust Stock Down 0.4%

Shares of Federal Realty Investment Trust stock opened at $101.98 on Friday. The firm has a market cap of $8.80 billion, a PE ratio of 25.88, a P/E/G ratio of 3.76 and a beta of 1.01. The business’s 50 day simple moving average is $98.55 and its 200 day simple moving average is $97.38. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.60 and a current ratio of 1.60. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $112.29.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. Federal Realty Investment Trust had a return on equity of 11.12% and a net margin of 27.65%.The firm had revenue of $321.97 million during the quarter, compared to the consensus estimate of $318.73 million. During the same quarter in the prior year, the firm posted $1.71 EPS. The business’s revenue was up 6.2% on a year-over-year basis. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. On average, analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, January 2nd. Federal Realty Investment Trust’s payout ratio is currently 114.72%.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of large investors have recently added to or reduced their stakes in FRT. Norges Bank bought a new position in Federal Realty Investment Trust during the second quarter worth $690,507,000. AQR Capital Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 330.5% during the 3rd quarter. AQR Capital Management LLC now owns 841,483 shares of the real estate investment trust’s stock worth $84,434,000 after buying an additional 646,036 shares during the period. Rakuten Investment Management Inc. acquired a new position in Federal Realty Investment Trust in the 3rd quarter valued at about $51,156,000. GRS Advisors LLC bought a new position in Federal Realty Investment Trust in the 2nd quarter valued at about $47,517,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Federal Realty Investment Trust by 453.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 587,687 shares of the real estate investment trust’s stock valued at $59,539,000 after acquiring an additional 481,427 shares during the period. Institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.