Wells Fargo & Company Cuts Federal Realty Investment Trust (NYSE:FRT) Price Target to $113.00

Federal Realty Investment Trust (NYSE:FRT) had its price objective lowered by Wells Fargo & Company from $125.00 to $113.00 in a research note published on Wednesday morning, Marketbeat.com reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

Other analysts have also issued research reports about the company. Raymond James cut their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Scotiabank cut their price target on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Stifel Nicolaus cut their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Finally, Truist Financial lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average price target of $116.62.

Federal Realty Investment Trust Trading Up 0.0 %

NYSE:FRT opened at $96.80 on Wednesday. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. Federal Realty Investment Trust has a 1 year low of $94.58 and a 1 year high of $118.34. The business has a fifty day moving average of $103.78 and a 200-day moving average of $109.43.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Equities analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.55%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 128.28%.

Institutional Trading of Federal Realty Investment Trust

Several institutional investors have recently made changes to their positions in FRT. Park Square Financial Group LLC acquired a new position in Federal Realty Investment Trust in the 4th quarter valued at approximately $30,000. Brooklyn Investment Group purchased a new stake in shares of Federal Realty Investment Trust during the third quarter worth $36,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $51,000. Venturi Wealth Management LLC boosted its position in Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 333 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 111 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile

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.