Analysts Set Federal Realty Investment Trust (NYSE:FRT) Price Target at $123.23

Federal Realty Investment Trust (NYSE:FRT) has received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $122.54.

Several brokerages recently issued reports on FRT. Raymond James decreased their price target on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Scotiabank raised their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Stifel Nicolaus cut their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, Mizuho reduced their price objective on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a research report on Tuesday.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $105.53 on Friday. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34. The firm’s 50 day moving average is $107.85 and its 200 day moving average is $111.77. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $9.04 billion, a P/E ratio of 30.77, a PEG ratio of 2.20 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last released 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. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 128.28%.

Institutional Trading of Federal Realty Investment Trust

Large investors have recently made changes to their positions in the stock. CWM LLC boosted its holdings in Federal Realty Investment Trust by 10.9% in the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 110 shares during the last quarter. Creative Planning boosted its stake in shares of Federal Realty Investment Trust by 18.8% in the 3rd quarter. Creative Planning now owns 7,784 shares of the real estate investment trust’s stock worth $895,000 after buying an additional 1,230 shares during the last quarter. Blue Trust Inc. lifted its holdings in Federal Realty Investment Trust by 249.3% in the third quarter. Blue Trust Inc. now owns 1,205 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 860 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in Federal Realty Investment Trust by 2,475.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 594 shares during the period. Finally, Eastern Bank purchased a new position in Federal Realty Investment Trust in the third quarter worth about $52,000. 93.86% of the stock is currently owned by institutional investors.

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.