Federal Realty Investment Trust (NYSE:FRT) Reaches New 52-Week Low – Here’s Why

Shares of Federal Realty Investment Trust (NYSE:FRT) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $95.60 and last traded at $95.83, with a volume of 219975 shares trading hands. The stock had previously closed at $97.12.

Analysts Set New Price Targets

FRT has been the subject of several recent research reports. Mizuho cut their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Truist Financial cut Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $114.00 to $105.00 in a research note on Thursday. Stifel Nicolaus cut their price target on 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, Wells Fargo & Company cut their price target on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $119.77.

Federal Realty Investment Trust Stock Up 1.5 %

The firm’s fifty day moving average price is $105.48 and its 200-day moving average price is $110.82. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.73. The company had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. Sell-side analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.58%. Federal Realty Investment Trust’s payout ratio is 128.28%.

Institutional Trading of Federal Realty Investment Trust

A number of institutional investors and hedge funds have recently bought and sold shares of FRT. Norges Bank acquired a new stake in Federal Realty Investment Trust in the fourth quarter valued at $810,544,000. Centersquare Investment Management LLC increased its holdings in Federal Realty Investment Trust by 935.8% in the fourth quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust’s stock valued at $116,654,000 after purchasing an additional 941,414 shares during the period. Invesco Ltd. increased its holdings in Federal Realty Investment Trust by 41.4% in the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock valued at $341,833,000 after purchasing an additional 893,258 shares during the period. Janus Henderson Group PLC increased its holdings in Federal Realty Investment Trust by 1,463.8% in the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock valued at $70,251,000 after purchasing an additional 572,008 shares during the period. Finally, Northern Trust Corp boosted its position in Federal Realty Investment Trust by 73.4% during the fourth quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust’s stock valued at $138,231,000 after acquiring an additional 522,531 shares during 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.