Federal Realty Investment Trust (NYSE:FRT) Price Target Increased to $123.00 by Analysts at Evercore ISI

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

Several other analysts also recently commented on the company. Truist Financial upped their price objective on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a buy rating in a research note on Wednesday, August 28th. Compass Point lifted their price target on 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 raised shares of Federal Realty Investment Trust from a neutral rating to a buy rating and upped their price target for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. Wells Fargo & Company raised their price objective on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an overweight rating in a research note on Wednesday, August 28th. Finally, Mizuho lifted their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a neutral rating in a report 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, the company presently has a consensus rating of Moderate Buy and a consensus price target of $122.85.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $114.22 on Monday. The company has a market cap of $9.47 billion, a P/E ratio of 40.65, 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 has a fifty-two week low of $85.59 and a fifty-two week high of $118.34. The firm’s 50 day moving average price is $112.90 and its 200 day moving average price is $105.09.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share 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 for the quarter, compared to analyst estimates of $293.61 million. During the same period last year, the business posted $1.67 EPS. Federal Realty Investment Trust’s revenue was up 5.5% on a year-over-year basis. On average, research analysts forecast that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $4.40 dividend on an annualized basis and a yield of 3.85%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s payout ratio is 156.58%.

Insider Transactions at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the sale, the chief executive officer now directly owns 6,637 shares in the company, valued at $771,020.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the sale, the chief executive officer now owns 6,637 shares in the company, valued at $771,020.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FRT. Sanctuary Advisors LLC acquired a new stake in Federal Realty Investment Trust during the 2nd quarter worth $228,000. Cetera Investment Advisers raised its stake in Federal Realty Investment Trust by 1.1% in the second quarter. Cetera Investment Advisers now owns 21,952 shares of the real estate investment trust’s stock valued at $2,216,000 after buying an additional 241 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Federal Realty Investment Trust in the second quarter valued at $303,000. Quarry LP raised its holdings in Federal Realty Investment Trust by 269.9% in the 2nd quarter. Quarry LP now owns 1,498 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 1,093 shares during the period. Finally, Algert Global LLC increased its position in Federal Realty Investment Trust by 40.6% during the 2nd quarter. Algert Global LLC now owns 26,048 shares of the real estate investment trust’s stock worth $2,630,000 after buying an additional 7,520 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile

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.