Raymond James Cuts Federal Realty Investment Trust (NYSE:FRT) Price Target to $117.00

Federal Realty Investment Trust (NYSE:FRT) had its target price reduced by Raymond James from $125.00 to $117.00 in a research report released on Tuesday,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently issued reports on FRT. Scotiabank raised their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company cut their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Stifel Nicolaus cut their price objective on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Finally, StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $123.23.

Federal Realty Investment Trust Stock Performance

FRT stock opened at $104.52 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 2.21 and a beta of 1.24. Federal Realty Investment Trust has a 1 year low of $95.97 and a 1 year high of $118.34. The stock’s fifty day moving average is $108.40 and its two-hundred day moving average is $111.91.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.73. The company had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. On average, research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s payout ratio is 128.28%.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors and hedge funds have recently bought and sold shares of FRT. NBC Securities Inc. lifted its holdings in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 107 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Federal Realty Investment Trust during the third quarter valued at about $36,000. Kapitalo Investimentos Ltda purchased a new stake in Federal Realty Investment Trust during the fourth quarter valued at about $51,000. Eastern Bank purchased a new stake in Federal Realty Investment Trust during the third quarter valued at about $52,000. Finally, Venturi Wealth Management LLC lifted its stake in Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 333 shares in the last quarter. 93.86% of the stock is 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.