Federal Realty Investment Trust (NYSE:FRT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT) have been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $122.77.

FRT has been the topic of a number of research reports. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price objective for the company from $120.00 to $135.00 in a report on Friday, September 13th. Scotiabank decreased their price target on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a research note on Friday, October 11th. Truist Financial upped their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Raymond James raised their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, Evercore ISI boosted their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, September 16th.

Federal Realty Investment Trust Stock Performance

FRT opened at $114.28 on Friday. The firm’s fifty day simple moving average is $113.93 and its two-hundred day simple moving average is $106.81. Federal Realty Investment Trust has a 52-week low of $85.59 and a 52-week high of $118.34. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 2.11 and a beta of 1.23. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The company had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $293.61 million. During the same period in the prior year, the business posted $1.67 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.85%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 156.58%.

Insider Activity

In other news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total value of $3,519,021.64. Following the completion of the transaction, the chief executive officer now owns 6,637 shares in the company, valued at approximately $771,020.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Federal Realty Investment Trust

Institutional investors have recently modified their holdings of the business. NBC Securities Inc. increased its position in shares of Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 107 shares during the last quarter. CWM LLC grew its holdings in shares of Federal Realty Investment Trust by 10.9% during the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 110 shares during the last quarter. PFG Investments LLC grew its stake in shares of Federal Realty Investment Trust by 2.0% in the 2nd quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock valued at $625,000 after purchasing an additional 124 shares during the last quarter. GAMMA Investing LLC increased its stake in Federal Realty Investment Trust by 7.6% in the 1st quarter. GAMMA Investing LLC now owns 1,837 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 130 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Federal Realty Investment Trust by 2.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock worth $535,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.