Federal Realty Investment Trust (NYSE:FRT) Receives $122.77 Average Price Target from Analysts

Shares of Federal Realty Investment Trust (NYSE:FRT) have been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $122.77.

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Compass Point upped their price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. upped their price target on Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Mizuho upped their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, Scotiabank cut their target price on Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a research note on Friday, October 11th.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $114.43 on Friday. Federal Realty Investment Trust has a 12 month low of $85.59 and a 12 month high of $118.34. The stock has a 50 day moving average of $114.05 and a two-hundred day moving average of $107.16. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57. The firm has a market cap of $9.49 billion, a P/E ratio of 40.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. Federal Realty Investment Trust’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $1.67 earnings per share. On average, analysts expect that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a dividend of $1.10 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 156.58%.

Insider Activity at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total value of $3,519,021.64. Following the completion of the transaction, the chief executive officer now owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Federal Realty Investment Trust

A number of institutional investors have recently bought and sold shares of FRT. Goldman Sachs Group Inc. increased its position in shares of Federal Realty Investment Trust by 29.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 407,585 shares of the real estate investment trust’s stock worth $42,002,000 after purchasing an additional 93,048 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Federal Realty Investment Trust in the 1st quarter valued at about $221,000. GAMMA Investing LLC increased its position in Federal Realty Investment Trust by 7.6% in the 1st quarter. GAMMA Investing LLC now owns 1,837 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 130 shares during the period. Mather Group LLC. acquired a new position in Federal Realty Investment Trust in the 1st quarter valued at about $151,000. Finally, Park Avenue Securities LLC increased its position in Federal Realty Investment Trust by 10.0% in the 1st quarter. Park Avenue Securities LLC now owns 5,421 shares of the real estate investment trust’s stock valued at $554,000 after acquiring an additional 493 shares during the period. 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.