Stifel Nicolaus Cuts Federal Realty Investment Trust (NYSE:FRT) Price Target to $115.00

Federal Realty Investment Trust (NYSE:FRT) had its price target cut by Stifel Nicolaus from $115.75 to $115.00 in a research note published on Friday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on FRT. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and upped their target price for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Wells Fargo & Company lowered their target price on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Scotiabank boosted their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.46.

Federal Realty Investment Trust Stock Performance

NYSE:FRT opened at $105.03 on Friday. The firm’s 50-day moving average is $109.06 and its 200-day moving average is $112.12. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week high of $118.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $8.71 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 2.34 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.73. The business had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. Federal Realty Investment Trust had a net margin of 24.67% and a return on equity of 10.01%. Equities research analysts anticipate that Federal Realty Investment Trust will post 6.77 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is 127.91%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NBC Securities Inc. boosted its holdings in Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 107 shares during the last quarter. Brooklyn Investment Group bought a new position in Federal Realty Investment Trust during the third quarter worth about $36,000. Eastern Bank bought a new position in Federal Realty Investment Trust during the third quarter worth about $52,000. Kapitalo Investimentos Ltda bought a new position in Federal Realty Investment Trust during the fourth quarter worth about $51,000. Finally, Venturi Wealth Management LLC increased its position in Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 333 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.