Federal Realty Investment Trust (NYSE:FRT) Stock Has Average Price Target of $124.88

Federal Realty Investment Trust (NYSE:FRT) has earned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $124.31.

A number of analysts have weighed in on the company. Weiss Ratings cut Federal Realty Investment Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. Mizuho lowered their price objective on Federal Realty Investment Trust from $130.00 to $117.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. Barclays dropped their price objective on Federal Realty Investment Trust from $123.00 to $118.00 and set an “equal weight” rating on the stock in a report on Monday, September 28th. Citigroup cut their target price on Federal Realty Investment Trust from $130.00 to $121.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Wall Street Zen raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Sunday.

Insider Buying and Selling

In other Federal Realty Investment Trust news, Director Nicole Lamb-Hale sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $108.89, for a total value of $163,335.00. Following the transaction, the director directly owned 4,613 shares in the company, valued at $502,309.57. This represents a 24.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Federal Realty Investment Trust

Several institutional investors have recently modified their holdings of the stock. Resolution Capital Ltd grew its position in shares of Federal Realty Investment Trust by 10.3% in the 1st quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock valued at $387,090,000 after buying an additional 340,524 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Federal Realty Investment Trust by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,284,001 shares of the real estate investment trust’s stock valued at $136,368,000 after acquiring an additional 53,109 shares during the last quarter. Bank of America Corp DE lifted its position in Federal Realty Investment Trust by 90.2% in the first quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust’s stock valued at $54,114,000 after acquiring an additional 241,684 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Federal Realty Investment Trust in the second quarter valued at $59,832,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Federal Realty Investment Trust by 0.6% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 438,553 shares of the real estate investment trust’s stock valued at $46,579,000 after acquiring an additional 2,535 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.1%

Shares of NYSE:FRT opened at $113.74 on Friday. Federal Realty Investment Trust has a 52 week low of $95.14 and a 52 week high of $128.21. The company’s 50 day moving average is $110.41 and its two-hundred day moving average is $113.30. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.55. The company has a market cap of $9.78 billion, a PE ratio of 15.24, a P/E/G ratio of 2.84 and a beta of 0.94.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($1.11). The firm had revenue of $339.02 million during the quarter, compared to analyst estimates of $336.57 million. Federal Realty Investment Trust had a net margin of 32.60% and a return on equity of 13.76%. Federal Realty Investment Trust’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.77 earnings per share. Equities analysts predict that Federal Realty Investment Trust will post 7.56 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Monday, January 4th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, January 4th. Federal Realty Investment Trust’s dividend payout ratio is 92.80%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is a real estate investment trust that owns, operates, and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and destination-style properties that combine retail, restaurants, entertainment, and, in some locations, residential and office space. The company focuses on established, densely populated communities, primarily in the Northeast, Mid-Atlantic, California, and South Florida. Its properties serve shoppers, residents, and businesses through a mix of national and local retailers, dining options, and other services.