Federal Realty Investment Trust (NYSE:FRT – Get Rating) has been given a consensus rating of “Buy” by the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $134.42.
A number of equities research analysts have recently weighed in on FRT shares. Raymond James raised shares of Federal Realty Investment Trust from a “market perform” rating to a “strong-buy” rating and set a $140.00 price objective on the stock in a report on Thursday, May 12th. Wells Fargo & Company dropped their price objective on shares of Federal Realty Investment Trust from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday, April 7th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Federal Realty Investment Trust from $150.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, March 31st. Capital One Financial raised shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $130.00 to $145.00 in a report on Wednesday, February 9th. Finally, StockNews.com started coverage on shares of Federal Realty Investment Trust in a report on Thursday, March 31st. They issued a “hold” rating on the stock.
Several institutional investors have recently modified their holdings of FRT. Montag A & Associates Inc. acquired a new position in shares of Federal Realty Investment Trust during the 1st quarter worth about $29,000. National Bank of Canada FI acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter worth about $33,000. M&R Capital Management Inc. acquired a new position in shares of Federal Realty Investment Trust during the 1st quarter worth about $32,000. Brown Brothers Harriman & Co. raised its position in shares of Federal Realty Investment Trust by 237.0% during the 1st quarter. Brown Brothers Harriman & Co. now owns 337 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 237 shares during the last quarter. Finally, Capital Analysts LLC purchased a new stake in Federal Realty Investment Trust during the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 86.07% of the company’s stock.
Shares of FRT traded up $2.82 during trading hours on Friday, reaching $115.91. 268,931 shares of the company traded hands, compared to its average volume of 515,099. The stock has a market capitalization of $9.21 billion, a P/E ratio of 35.34, a P/E/G ratio of 3.62 and a beta of 1.09. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.61. Federal Realty Investment Trust has a 12-month low of $106.52 and a 12-month high of $140.51. The business has a fifty day moving average price of $118.32 and a 200-day moving average price of $123.45.
Federal Realty Investment Trust (NYSE:FRT – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.81). The company had revenue of $256.80 million for the quarter, compared to analysts’ expectations of $249.13 million. Federal Realty Investment Trust had a net margin of 26.80% and a return on equity of 10.76%. Federal Realty Investment Trust’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned $1.17 earnings per share. As a group, research analysts predict that Federal Realty Investment Trust will post 5.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Wednesday, June 22nd will be given a $1.07 dividend. The ex-dividend date is Tuesday, June 21st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.69%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 130.49%.
Federal Realty Investment Trust Company Profile (Get Rating)
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.
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