Federal Realty Investment Trust (NYSE:FRT) Stock Rating Reaffirmed by Truist Financial

Truist Financial reissued their buy rating on shares of Federal Realty Investment Trust (NYSE:FRT) in a research report sent to investors on Monday morning, Benzinga reports. Truist Financial currently has a $117.00 price objective on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the stock. Evercore ISI upgraded shares of Federal Realty Investment Trust from an in-line rating to an outperform rating and boosted their price target for the stock from $104.00 to $108.00 in a research report on Monday, November 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of Federal Realty Investment Trust in a research note on Tuesday, January 30th. They set a hold rating and a $109.00 target price on the stock. Scotiabank reduced their target price on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a sector outperform rating on the stock in a research note on Wednesday, February 28th. Piper Sandler lifted their target price on shares of Federal Realty Investment Trust from $116.00 to $122.00 and gave the stock an overweight rating in a research note on Wednesday, December 20th. Finally, Mizuho reduced their price target on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a neutral rating on the stock in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $112.60.

Federal Realty Investment Trust Stock Performance

FRT opened at $101.54 on Monday. The firm has a market capitalization of $8.42 billion, a PE ratio of 36.26, a PEG ratio of 2.83 and a beta of 1.21. Federal Realty Investment Trust has a twelve month low of $85.27 and a twelve month high of $107.61. The firm’s 50-day moving average price is $100.84 and its 200 day moving average price is $97.47. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.60.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $292.05 million. Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.58 earnings per share. As a group, sell-side analysts expect that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, March 13th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 4.29%. The ex-dividend date is Tuesday, March 12th. Federal Realty Investment Trust’s payout ratio is currently 155.71%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several large investors have recently added to or reduced their stakes in FRT. RB Capital Management LLC purchased a new stake in Federal Realty Investment Trust during the 1st quarter worth approximately $272,000. American Century Companies Inc. grew its holdings in Federal Realty Investment Trust by 119.6% during the 1st quarter. American Century Companies Inc. now owns 19,465 shares of the real estate investment trust’s stock worth $2,376,000 after acquiring an additional 10,601 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Federal Realty Investment Trust by 25.4% during the 1st quarter. MetLife Investment Management LLC now owns 19,396 shares of the real estate investment trust’s stock worth $2,368,000 after acquiring an additional 3,929 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in Federal Realty Investment Trust by 3.9% during the 1st quarter. Panagora Asset Management Inc. now owns 5,123 shares of the real estate investment trust’s stock worth $625,000 after acquiring an additional 193 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Federal Realty Investment Trust by 7.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,467 shares of the real estate investment trust’s stock worth $1,156,000 after acquiring an additional 679 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

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.