Federal Realty Investment Trust (NYSE:FRT) Reaches New 12-Month Low – Here’s What Happened

Federal Realty Investment Trust (NYSE:FRT)’s share price hit a new 52-week low on Thursday . The stock traded as low as $92.90 and last traded at $94.36, with a volume of 255028 shares. The stock had previously closed at $99.08.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FRT. Wells Fargo & Company lowered their target price on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their target price on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Stifel Nicolaus lowered their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Scotiabank dropped their price objective on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Finally, Truist Financial cut Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their target price for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.62.

Federal Realty Investment Trust Trading Down 6.4 %

The business has a fifty day moving average of $103.33 and a 200-day moving average of $108.99. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $7.95 billion, a P/E ratio of 27.11, a PEG ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate of $1.73. The firm had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.74%. Federal Realty Investment Trust’s payout ratio is 128.28%.

Institutional Trading of Federal Realty Investment Trust

Several institutional investors and hedge funds have recently modified their holdings of FRT. Vanguard Group Inc. boosted its position in shares of Federal Realty Investment Trust by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock valued at $1,459,947,000 after buying an additional 218,671 shares during the last quarter. Norges Bank bought a new position in Federal Realty Investment Trust during the 4th quarter valued at $810,544,000. JPMorgan Chase & Co. lifted its stake in Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after acquiring an additional 168,885 shares in the last quarter. Resolution Capital Ltd boosted its holdings in Federal Realty Investment Trust by 12.4% during the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust’s stock worth $394,417,000 after acquiring an additional 389,266 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock worth $341,833,000 after acquiring an additional 893,258 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

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.