Federal Realty Investment Trust (NYSE:FRT) Given New $117.00 Price Target at Raymond James

Federal Realty Investment Trust (NYSE:FRT) had its price target lowered by Raymond James from $125.00 to $117.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on FRT. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $122.00 to $125.00 in a research note on Friday, December 20th. Wells Fargo & Company decreased their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Scotiabank increased their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus decreased their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus target price of $123.23.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $104.92 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. The firm has a 50-day moving average of $108.88 and a 200-day moving average of $112.07. The firm has a market cap of $8.70 billion, a P/E ratio of 30.50, a P/E/G ratio of 2.34 and a beta of 1.24. Federal Realty Investment Trust has a 1-year low of $95.97 and a 1-year high of $118.34.

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, hitting analysts’ consensus estimates of $1.73. The company had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a net margin of 24.67% and a return on equity of 10.01%. Sell-side analysts expect that Federal Realty Investment Trust will post 6.77 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s payout ratio is 128.28%.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently made changes to their positions in the company. Vise Technologies Inc. purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at approximately $237,000. Kinloch Capital LLC grew its holdings in shares of Federal Realty Investment Trust by 4.7% during the fourth quarter. Kinloch Capital LLC now owns 34,559 shares of the real estate investment trust’s stock valued at $3,869,000 after buying an additional 1,567 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Federal Realty Investment Trust by 11.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 674,235 shares of the real estate investment trust’s stock valued at $75,481,000 after buying an additional 69,345 shares during the last quarter. Sophron Capital Management L.P. purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at approximately $7,031,000. Finally, Toronto Dominion Bank grew its holdings in shares of Federal Realty Investment Trust by 10.6% during the fourth quarter. Toronto Dominion Bank now owns 30,603 shares of the real estate investment trust’s stock valued at $3,426,000 after buying an additional 2,938 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

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.