Federal Realty Investment Trust (NYSE:FRT) Price Target Lowered to $114.00 at Evercore ISI

Federal Realty Investment Trust (NYSE:FRT) had its price target decreased by Evercore ISI from $115.00 to $114.00 in a research report released on Friday, Benzinga reports. Evercore ISI currently has an outperform rating on the real estate investment trust’s stock.

Several other equities research analysts have also issued reports on the stock. Scotiabank dropped their target price on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a sector outperform rating for the company in a research report on Wednesday, February 28th. Barclays increased their target price on Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an overweight rating in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a hold rating to a buy rating and raised their price target for the company from $109.00 to $110.00 in a research report on Monday, April 22nd. Mizuho cut their price objective on Federal Realty Investment Trust from $104.00 to $101.00 and set a neutral rating for the company in a report on Friday, February 23rd. Finally, Wells Fargo & Company raised Federal Realty Investment Trust from an equal weight rating to an overweight rating and raised their price objective for the company from $110.00 to $112.00 in a report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $113.30.

Federal Realty Investment Trust Price Performance

NYSE FRT traded down $2.90 on Friday, hitting $102.01. The stock had a trading volume of 1,336,869 shares, compared to its average volume of 625,133. The firm has a 50-day moving average of $100.75 and a 200-day moving average of $99.09. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 36.31, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.64 and a current ratio of 2.64. Federal Realty Investment Trust has a 52-week low of $85.27 and a 52-week high of $107.61.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a net margin of 20.55% and a return on equity of 8.34%. The business had revenue of $291.50 million for the quarter, compared to the consensus estimate of $292.05 million. During the same period in the prior year, the business posted $1.58 EPS. Federal Realty Investment Trust’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts expect that Federal Realty Investment Trust will post 6.8 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Friday, June 21st. Federal Realty Investment Trust’s payout ratio is 155.16%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth about $743,378,000. Massachusetts Financial Services Co. MA purchased a new stake in Federal Realty Investment Trust in the 3rd quarter worth approximately $80,342,000. JPMorgan Chase & Co. grew its position in shares of Federal Realty Investment Trust by 12.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,717,403 shares of the real estate investment trust’s stock worth $427,538,000 after buying an additional 509,909 shares during the last quarter. PGGM Investments increased its stake in shares of Federal Realty Investment Trust by 132.0% during the third quarter. PGGM Investments now owns 600,368 shares of the real estate investment trust’s stock valued at $54,411,000 after buying an additional 341,590 shares during the period. Finally, Heitman Real Estate Securities LLC raised its holdings in shares of Federal Realty Investment Trust by 1,553.3% during the fourth quarter. Heitman Real Estate Securities LLC now owns 207,700 shares of the real estate investment trust’s stock valued at $21,403,000 after acquiring an additional 195,137 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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 communities where retail demand exceeds supply.