Federal Realty Investment Trust (NYSE:FRT – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $115.82.
A number of brokerages have issued reports on FRT. Evercore ISI decreased their target price on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $109.00 to $110.00 in a research report on Monday, April 22nd. Scotiabank increased their price objective on Federal Realty Investment Trust from $109.00 to $112.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Wells Fargo & Company increased their price objective on Federal Realty Investment Trust from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Finally, Mizuho increased their price objective on Federal Realty Investment Trust from $101.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, May 23rd.
Get Our Latest Analysis on FRT
Institutional Inflows and Outflows
Federal Realty Investment Trust Trading Up 0.4 %
Shares of NYSE FRT opened at $112.80 on Monday. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 40.14, a PEG ratio of 2.26 and a beta of 1.23. The business has a 50 day simple moving average of $104.89 and a 200 day simple moving average of $102.31. Federal Realty Investment Trust has a 52 week low of $85.59 and a 52 week high of $115.05. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.69 and a current ratio of 1.69.
Federal Realty Investment Trust (NYSE:FRT – Get Free Report) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). The company had revenue of $295.80 million for the quarter, compared to the consensus estimate of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.14% and a net margin of 24.69%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 EPS. On average, research analysts predict that Federal Realty Investment Trust will post 6.8 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. Investors of record on Tuesday, October 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.90%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 156.58%.
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.
See Also
- Five stocks we like better than Federal Realty Investment Trust
- Stock Splits, Do They Really Impact Investors?
- Why Wall Street Analysts Raised Price Targets for Suncor Stock
- What is the Australian Securities Exchange (ASX)
- Is Super Micro Computer a Buy After Shares Sink 20% on Earnings?
- Stock Sentiment Analysis: How it Works
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.