Federal Realty Investment Trust (NYSE:FRT) Price Target Raised to $135.00

Federal Realty Investment Trust (NYSE:FRT) had its target price increased by Piper Sandler from $122.00 to $135.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the stock. Mizuho increased their price objective on shares of Federal Realty Investment Trust from $101.00 to $104.00 and gave the company a neutral rating in a report on Thursday, May 23rd. Evercore ISI reduced their target price on Federal Realty Investment Trust from $115.00 to $114.00 and set an outperform rating for the company in a report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a hold rating to a buy rating and lifted their price target for the stock from $109.00 to $110.00 in a research note on Monday, April 22nd. Bank of America boosted their price target on Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a buy rating in a research report on Friday, April 5th. Finally, Wells Fargo & Company raised their price objective on Federal Realty Investment Trust from $112.00 to $115.00 and gave the company an overweight rating in a report on Tuesday, May 28th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $115.30.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock traded up $3.77 during mid-day trading on Friday, hitting $113.53. The company had a trading volume of 223,800 shares, compared to its average volume of 594,038. The company’s fifty day moving average is $103.57 and its 200-day moving average is $101.92. Federal Realty Investment Trust has a 12-month low of $85.59 and a 12-month high of $115.05. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 40.28, a P/E/G ratio of 2.26 and a beta of 1.23. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.36). Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.14%. The business had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $293.61 million. During the same quarter in the prior year, the firm earned $1.67 EPS. Federal Realty Investment Trust’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts predict that Federal Realty Investment Trust will post 6.8 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 dividend on an annualized basis and a yield of 3.88%. Federal Realty Investment Trust’s payout ratio is 156.58%.

Institutional Trading of Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in FRT. Vanguard Group Inc. increased its stake in Federal Realty Investment Trust by 1.5% during the first quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock worth $1,300,101,000 after acquiring an additional 193,740 shares during the last quarter. Norges Bank acquired a new position in Federal Realty Investment Trust in the fourth quarter valued at about $743,378,000. Massachusetts Financial Services Co. MA boosted its stake in Federal Realty Investment Trust by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,355,907 shares of the real estate investment trust’s stock worth $139,726,000 after buying an additional 469,425 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Federal Realty Investment Trust by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,155,825 shares of the real estate investment trust’s stock valued at $119,108,000 after acquiring an additional 40,984 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Federal Realty Investment Trust by 29.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 407,585 shares of the real estate investment trust’s stock valued at $42,002,000 after acquiring an additional 93,048 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

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 communities where retail demand exceeds supply.