Federal Realty Investment Trust (NYSE:FRT) Given Consensus Rating of “Hold” by Analysts

Federal Realty Investment Trust (NYSE:FRT) has earned a consensus rating of “Hold” from the twenty ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $111.24.

Several equities analysts recently issued reports on FRT shares. SunTrust Banks decreased their price objective on Federal Realty Investment Trust from $138.00 to $82.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Evercore ISI cut shares of Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $73.00 price target for the company. in a report on Monday, April 20th. Piper Sandler increased their price objective on shares of Federal Realty Investment Trust from $85.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. ValuEngine raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Royal Bank of Canada initiated coverage on Federal Realty Investment Trust in a report on Friday, March 27th. They set an “outperform” rating for the company.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its stake in Federal Realty Investment Trust by 7.3% in the 4th quarter. ProShare Advisors LLC now owns 815,411 shares of the real estate investment trust’s stock valued at $104,968,000 after purchasing an additional 55,608 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Federal Realty Investment Trust by 2.5% in the first quarter. Alliancebernstein L.P. now owns 169,724 shares of the real estate investment trust’s stock valued at $12,663,000 after buying an additional 4,204 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Federal Realty Investment Trust by 66.9% in the first quarter. Treasurer of the State of North Carolina now owns 31,990 shares of the real estate investment trust’s stock valued at $2,387,000 after buying an additional 12,820 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Federal Realty Investment Trust by 201.5% during the 1st quarter. Janus Henderson Group PLC now owns 74,397 shares of the real estate investment trust’s stock worth $5,549,000 after acquiring an additional 49,719 shares during the period. Finally, Toronto Dominion Bank increased its holdings in shares of Federal Realty Investment Trust by 12.9% during the 1st quarter. Toronto Dominion Bank now owns 70,556 shares of the real estate investment trust’s stock worth $5,264,000 after acquiring an additional 8,076 shares during the last quarter. 84.30% of the stock is owned by institutional investors.

Shares of NYSE FRT traded down $1.92 during midday trading on Friday, reaching $82.77. 808,271 shares of the stock were exchanged, compared to its average volume of 928,417. Federal Realty Investment Trust has a 12 month low of $64.11 and a 12 month high of $141.35. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 6.47 and a beta of 0.91. The company has a debt-to-equity ratio of 1.84, a current ratio of 4.79 and a quick ratio of 4.79. The business has a 50-day simple moving average of $83.88 and a two-hundred day simple moving average of $102.57.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.83). Federal Realty Investment Trust had a return on equity of 14.40% and a net margin of 37.27%. The business had revenue of $231.56 million for the quarter, compared to analyst estimates of $229.66 million. During the same period in the previous year, the business posted $1.56 EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year. Equities research analysts expect that Federal Realty Investment Trust will post 5.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 22nd will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date is Friday, June 19th. Federal Realty Investment Trust’s dividend payout ratio is currently 66.35%.

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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Analyst Recommendations for Federal Realty Investment Trust (NYSE:FRT)

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