Federal Realty Investment Trust (NYSE:FRT) Price Target Raised to $130.00

Federal Realty Investment Trust (NYSE:FRT) had its price target lifted by Citigroup from $120.00 to $130.00 in a research note published on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the real estate investment trust’s stock.

Several other analysts have also issued reports on the company. Wolfe Research assumed coverage on Federal Realty Investment Trust in a research note on Wednesday, July 8th. They issued an “outperform” rating and a $143.00 target price on the stock. Jefferies Financial Group upgraded Federal Realty Investment Trust to a “strong-buy” rating in a research note on Friday, June 26th. Truist Financial lifted their price objective on Federal Realty Investment Trust from $112.00 to $118.00 and gave the stock a “hold” rating in a report on Friday, June 5th. Wells Fargo & Company boosted their price objective on Federal Realty Investment Trust from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Mizuho set a $130.00 price objective on shares of Federal Realty Investment Trust and gave the company an “outperform” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.25.

Federal Realty Investment Trust Stock Up 0.4%

Federal Realty Investment Trust stock opened at $118.44 on Wednesday. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 2.72 and a beta of 0.93. The firm’s fifty day moving average price is $122.89 and its two-hundred day moving average price is $113.60. Federal Realty Investment Trust has a 1-year low of $90.03 and a 1-year high of $128.21. The company has a current ratio of 1.70, a quick ratio of 1.64 and a debt-to-equity ratio of 1.46.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.88). The firm had revenue of $338.39 million during the quarter, compared to the consensus estimate of $331.92 million. Federal Realty Investment Trust had a return on equity of 13.65% and a net margin of 32.67%.The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.91 earnings per share. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. On average, equities research analysts predict that Federal Realty Investment Trust will post 7.53 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Thursday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.13. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 91.31%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont purchased a new position in shares of Federal Realty Investment Trust in the second quarter valued at about $160,000. Contravisory Investment Management Inc. boosted its holdings in shares of Federal Realty Investment Trust by 1,175.7% during the second quarter. Contravisory Investment Management Inc. now owns 9,708 shares of the real estate investment trust’s stock worth $1,198,000 after purchasing an additional 8,947 shares during the period. Everpar Advisors LLC bought a new stake in shares of Federal Realty Investment Trust in the second quarter worth about $201,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Federal Realty Investment Trust by 11.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,353 shares of the real estate investment trust’s stock worth $414,000 after purchasing an additional 342 shares during the last quarter. Finally, Czech National Bank grew its stake in shares of Federal Realty Investment Trust by 4.7% in the second quarter. Czech National Bank now owns 22,377 shares of the real estate investment trust’s stock worth $2,762,000 after purchasing an additional 995 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.