Federal Realty Investment Trust (NYSE:FRT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Federal Realty Investment Trust (NYSE:FRT) has been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $112.54.

A number of equities analysts have recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating and set a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. BMO Capital Markets reissued an “outperform” rating and issued a $110.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, May 26th. Raymond James Financial lowered their price objective on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, May 23rd. Wells Fargo & Company lowered their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. cut shares of Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and set a $108.00 price objective on the stock. in a research note on Monday.

Federal Realty Investment Trust Stock Performance

NYSE:FRT opened at $93.77 on Thursday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.46. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The stock has a market cap of $8.04 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 4.18 and a beta of 1.11. The firm’s fifty day simple moving average is $95.25 and its 200-day simple moving average is $100.72.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The business had revenue of $302.29 million for the quarter, compared to analysts’ expectations of $307.55 million. During the same period in the prior year, the company posted $1.64 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $1.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.69%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 126.07%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC lifted its holdings in Federal Realty Investment Trust by 1.1% in the 1st quarter. Voya Investment Management LLC now owns 22,959 shares of the real estate investment trust’s stock valued at $2,246,000 after purchasing an additional 254 shares in the last quarter. Strs Ohio purchased a new position in Federal Realty Investment Trust in the 1st quarter valued at about $32,181,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Federal Realty Investment Trust by 3.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 700,435 shares of the real estate investment trust’s stock valued at $68,517,000 after purchasing an additional 26,200 shares in the last quarter. Empowered Funds LLC lifted its holdings in Federal Realty Investment Trust by 12.5% in the 1st quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 355 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new position in Federal Realty Investment Trust in the 1st quarter valued at about $318,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.