Federal Realty Investment Trust (NYSE: FRT) receives average “moderate purchase” recommendation from analysts

Shares of the Federal Realty Investment Trust (NYSE: FRT – Get Rating) have received an average “Moderate Buy” recommendation from the thirteen rating companies that currently cover the shares, Marketbeat.com reports. Three analysts rated the shares with a hold recommendation, seven appointed a buy recommendation and one gave a strong buy recommendation to the company. The average target price for 12 months among brokers who have covered the shares in the last year is $ 135.27.

The FRT has been the subject of several recent reports by analysts. StockNews.com began covering shares of the Federal Realty Investment Trust in a research note on Thursday, March 31st. They issued a “retention” rating to the company. Wells Fargo & Company lowered its target price for shares of the Federal Realty Investment Trust from $ 130.00 to $ 125.00 and set an “equal weight” rating for the company in a research note on Thursday, April 7. Truist Financial lowered its target price for shares of the Federal Realty Investment Trust from $ 128.00 to $ 125.00 in a research note on Friday, June 3. Deutsche Bank Aktiengesellschaft lowered its target price for shares of the Federal Realty Investment Trust from $ 150.00 to $ 143.00 and set a “buy” rating for the company in a research note on Thursday, March 31. Finally, Raymond James raised the shares of the Federal Realty Investment Trust from a “performance” rating to a “strong buy” rating and set a target price of $ 140.00 for the company in a research note on Thursday, May 12.

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The NYSE FRT opened at $ 94.76 on Wednesday. The company has a debt-to-equity ratio of 1.61, a fast ratio of 1.50 and a current ratio of 1.50. The company’s 50-day moving average is $ 112.77, and its 200-day moving average is $ 120.62. The Federal Realty Investment Trust has a 52-week low of $ 92.82 and a 52-week high of $ 140.51. The company has a market capitalization of $ 7.53 billion, a PE ratio of $ 28.89, a P / E / G ratio of 2.71 and a beta ratio of 1.09.

The Federal Realty Investment Trust (NYSE: FRT – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $ 0.63 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $ 1.44 s ($ 0.81). The Federal Realty Investment Trust had a net margin of 26.80% and a return on equity of 10.76%. The business had revenue of $ 256.80 million for the quarter, compared to the consensus estimate of $ 249.13 million. In the same quarter of the previous year, the business reported $ 1.17 earnings per share. Federal Realty Investment Trust revenue for the quarter increased 17.7% year on year. On average, analysts predict that the Federal Realty Investment Trust will report 6 earnings per share for the current fiscal year.

The business also recently unveiled a quarterly dividend that will be paid on Friday (July 15th). The record shareholders will receive a dividend of $ 1.07 per share on Wednesday, June 22. The date of the former dividend of this dividend is Tuesday, June 21. This represents a $ 4.28 annual dividend and a dividend yield of 4.52%. The payout ratio of the Federal Realty Investment Trust is currently 130.49%.

Several institutional investors have recently changed their holdings in the shares. Vanguard Group Inc. bought a new position in shares of the Federal Realty Investment Trust in the first quarter worth $ 1,481,079,000. State Street Corp. increased its stake in Federal Realty Investment Trust by 4.7 percent in the first quarter. State Street Corp now owns 7,816,925 shares of the $ 962,292,000 real estate investment trust after buying an additional 351,320 shares in the last quarter. BlackRock Inc. increased its stake in Federal Realty Investment Trust shares by 5.2% in the fourth quarter. BlackRock Inc. already owns 7,559,988 shares of real estate investment trust shares worth $ 1,030,577,000 after buying an additional 372,411 shares in the last quarter. Norges Bank bought a new stake in the Federal Realty Investment Trust in the fourth quarter worth about $ 983,225,000. Finally, Geode Capital Management LLC increased its stake in the Federal Realty Investment Trust by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,477,819 shares of real estate investment trust shares worth $ 201,185,000 after buying an additional 14,201 shares in the last quarter. 86.07% of the shares are owned by hedge funds and other institutional investors.

Company profile Federal Realty Investment Trust (Get an estimate)

Federal Realty is a recognized leader in the ownership, operation and refurbishment of high-quality retail 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 by investing in communities where retail demand exceeds supply.

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Analyst Recommendations for the Federal Realty Investment Trust (NYSE: FRT)

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