Federal Realty Investment Trust (NYSE:FRT) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a hold rating to a buy rating in a research note released on Monday morning, MarketBeat.com reports. They currently have $110.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $109.00.

Several other brokerages have also recently weighed in on FRT. Truist Financial restated a buy rating and issued a $117.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Scotiabank reduced their price target on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a sector outperform rating on the stock in a research report on Wednesday, February 28th. Wells Fargo & Company upgraded shares of Federal Realty Investment Trust from an equal weight rating to an overweight rating and boosted their price target for the stock from $110.00 to $112.00 in a research report on Thursday, February 29th. Barclays lifted their price objective on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an overweight rating in a research note on Friday, January 19th. Finally, Mizuho dropped their price objective on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a neutral rating for the company in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of Moderate Buy and a consensus price target of $112.70.

Federal Realty Investment Trust Trading Up 1.4 %

Federal Realty Investment Trust stock opened at $101.14 on Monday. The stock has a market cap of $8.39 billion, a P/E ratio of 36.12, a PEG ratio of 2.83 and a beta of 1.21. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.64 and a quick ratio of 2.64. Federal Realty Investment Trust has a 1 year low of $85.27 and a 1 year high of $107.61. The firm’s 50 day moving average price is $100.16 and its 200-day moving average price is $98.22.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The company had revenue of $291.50 million for the quarter, compared to the consensus estimate of $292.05 million. During the same quarter in the previous year, the business earned $1.58 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 13th were paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 4.31%. The ex-dividend date was Tuesday, March 12th. Federal Realty Investment Trust’s payout ratio is 155.71%.

Institutional Trading of Federal Realty Investment Trust

A number of large investors have recently made changes to their positions in FRT. CWM LLC boosted its stake in shares of Federal Realty Investment Trust by 15.0% during the third quarter. CWM LLC now owns 1,053 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 137 shares during the period. Kentucky Retirement Systems purchased a new stake in shares of Federal Realty Investment Trust during the third quarter valued at $524,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Federal Realty Investment Trust during the third quarter valued at $234,000. IFP Advisors Inc boosted its stake in shares of Federal Realty Investment Trust by 3.7% during the third quarter. IFP Advisors Inc now owns 4,117 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 146 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of Federal Realty Investment Trust by 0.3% during the third quarter. State of Alaska Department of Revenue now owns 47,409 shares of the real estate investment trust’s stock valued at $4,295,000 after purchasing an additional 142 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

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.