Federal Realty Investment Trust (NYSE:FRT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Posted by Defense World Staff on Sep 15th, 2023

Shares of Federal Realty Investment Trust (NYSE:FRT – Get Free Report) have been given an average rating of “Moderate Buy” by the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $112.50.

Several equities analysts have weighed in on the company. Mizuho raised their price objective on Federal Realty Investment Trust from $91.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. StockNews.com assumed coverage on Federal Realty Investment Trust in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Raymond James cut Federal Realty Investment Trust from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $115.00 to $104.00 in a research note on Tuesday, September 5th. Barclays lowered their target price on Federal Realty Investment Trust from $127.00 to $119.00 in a research note on Wednesday, June 21st. Finally, Piper Sandler upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and set a $111.00 target price on the stock in a research note on Thursday, June 29th. They noted that the move was a valuation call.

Get Our Latest Stock Analysis on Federal Realty Investment Trust

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. grew its holdings in Federal Realty Investment Trust by 237.0% during the 1st quarter. Brown Brothers Harriman & Co. now owns 337 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 237 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Federal Realty Investment Trust by 807.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 390 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 347 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Federal Realty Investment Trust during the first quarter worth about $42,000. Penserra Capital Management LLC purchased a new position in shares of Federal Realty Investment Trust during the second quarter worth about $45,000. Finally, Sentry Investment Management LLC purchased a new position in shares of Federal Realty Investment Trust during the first quarter worth about $48,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $99.72 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.60. The stock’s fifty day simple moving average is $99.67 and its two-hundred day simple moving average is $96.84. Federal Realty Investment Trust has a 1-year low of $85.27 and a 1-year high of $115.08. The stock has a market cap of $8.13 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 2.23 and a beta of 1.22.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Thursday, September 21st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.08. Federal Realty Investment Trust’s payout ratio is presently 93.56%.

Federal Realty Investment Trust Company Profile

(Get Free Report

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.