Evercore ISI Raises Federal Realty Investment Trust (NYSE:FRT) Price Target to $123.00

Federal Realty Investment Trust (NYSE:FRT) had its price target boosted by Evercore ISI from $120.00 to $123.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Several other research analysts also recently weighed in on the stock. Scotiabank upped their target price on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a sector outperform rating in a research note on Monday, August 26th. Compass Point upped their target price on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a buy rating in a research note on Tuesday, September 10th. Citigroup upgraded shares of Federal Realty Investment Trust from a neutral rating to a buy rating and upped their target price for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Raymond James upped their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an outperform rating in a research note on Friday, August 16th. Finally, Mizuho upped their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a neutral rating in a research note on Monday, August 19th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of Moderate Buy and an average target price of $122.85.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $115.49 on Monday. Federal Realty Investment Trust has a 52-week low of $85.59 and a 52-week high of $118.34. The firm has a fifty day moving average of $112.72 and a 200-day moving average of $105.03. The firm has a market capitalization of $9.58 billion, a P/E ratio of 41.10, a PEG ratio of 2.20 and a beta of 1.24. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.36). Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The business had revenue of $295.80 million during the quarter, compared to analyst estimates of $293.61 million. During the same period in the previous year, the company earned $1.67 EPS. Federal Realty Investment Trust’s revenue was up 5.5% on a year-over-year basis. As a group, analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a $1.10 dividend. 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 dividend yield of 3.81%. The ex-dividend date is Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 156.58%.

Insider Transactions at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the transaction, the chief executive officer now owns 6,637 shares in the company, valued at $771,020.29. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Trading of Federal Realty Investment Trust

A number of large investors have recently modified their holdings of FRT. Family Firm Inc. acquired a new stake in shares of Federal Realty Investment Trust in the 2nd quarter worth about $33,000. Blue Trust Inc. increased its holdings in shares of Federal Realty Investment Trust by 885.7% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 310 shares during the period. Tidemark LLC acquired a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth about $40,000. Rothschild Investment LLC acquired a new stake in shares of Federal Realty Investment Trust in the 2nd quarter worth about $42,000. Finally, Quarry LP acquired a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth about $50,000. 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.