Federal Realty Investment Trust (NYSE:FRT) has been given a consensus recommendation of “Buy” by the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $139.67.
Several equities research analysts have recently commented on FRT shares. BMO Capital Markets restated a “buy” rating and issued a $135.00 price objective on shares of Federal Realty Investment Trust in a research note on Thursday, February 14th. Mizuho lowered Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research note on Thursday, March 7th. Citigroup upped their price objective on Federal Realty Investment Trust from $146.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, February 25th. Deutsche Bank upped their price objective on Federal Realty Investment Trust from $133.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Zacks Investment Research upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th.
A number of hedge funds have recently modified their holdings of FRT. Zions Bancorporation N.A. purchased a new stake in Federal Realty Investment Trust in the 1st quarter worth $25,000. Quadrant Capital Group LLC boosted its holdings in shares of Federal Realty Investment Trust by 694.1% during the 1st quarter. Quadrant Capital Group LLC now owns 270 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 236 shares during the last quarter. We Are One Seven LLC bought a new position in shares of Federal Realty Investment Trust during the 4th quarter valued at about $46,000. Clarus Wealth Advisors boosted its holdings in shares of Federal Realty Investment Trust by 19.4% during the 4th quarter. Clarus Wealth Advisors now owns 651 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 106 shares during the last quarter. Finally, Enlightenment Research LLC bought a new position in shares of Federal Realty Investment Trust during the 4th quarter valued at about $94,000. Institutional investors and hedge funds own 94.55% of the company’s stock.
FRT traded up $0.20 during mid-day trading on Friday, reaching $130.68. 8,241 shares of the company traded hands, compared to its average volume of 430,884. The firm has a market cap of $9.74 billion, a PE ratio of 20.98, a P/E/G ratio of 4.16 and a beta of 0.49. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.41. Federal Realty Investment Trust has a 52-week low of $113.25 and a 52-week high of $139.29.
Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.01. The business had revenue of $232.23 million during the quarter, compared to analyst estimates of $235.09 million. Federal Realty Investment Trust had a net margin of 26.11% and a return on equity of 10.53%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 EPS. As a group, research analysts forecast that Federal Realty Investment Trust will post 6.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 21st will be paid a $1.02 dividend. The ex-dividend date is Thursday, June 20th. This represents a $4.08 dividend on an annualized basis and a yield of 3.12%. Federal Realty Investment Trust’s payout ratio is presently 65.49%.
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 densely populated, affluent communities where retail demand exceeds supply.
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