Federal Realty Investment Trust (NYSE:FRT) has been given a consensus recommendation of “Buy” by the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $135.00.
A number of equities research analysts have recently commented on the stock. Wells Fargo reduced their target price on shares of Federal Realty Investment Trust from $151.00 to $144.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. They noted that the move was a valuation call. ValuEngine cut shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 7th. JPMorgan Chase reduced their target price on shares of Federal Realty Investment Trust from $142.00 to $136.00 and set an “overweight” rating for the company in a report on Monday, March 19th. Jefferies Group set a $123.00 target price on shares of Federal Realty Investment Trust and gave the company a “hold” rating in a report on Tuesday, February 27th. Finally, Sandler O’Neill set a $130.00 target price on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a report on Saturday, February 17th.
FRT traded up $0.88 on Thursday, reaching $116.60. The company had a trading volume of 128,704 shares, compared to its average volume of 514,579. Federal Realty Investment Trust has a 1 year low of $106.41 and a 1 year high of $138.12. The stock has a market cap of $8,431.80, a PE ratio of 19.71, a price-to-earnings-growth ratio of 3.11 and a beta of 0.25. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.30 and a quick ratio of 1.30.
Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.57. Federal Realty Investment Trust had a net margin of 33.81% and a return on equity of 12.68%. The firm had revenue of $223.96 million during the quarter, compared to analysts’ expectations of $218.68 million. During the same period in the previous year, the company earned $0.80 earnings per share. equities analysts expect that Federal Realty Investment Trust will post 6.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Wednesday, March 14th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, March 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.43%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 67.68%.
In other news, insider Donald C. Wood sold 30,000 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $117.76, for a total transaction of $3,532,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.95% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of FRT. Magnetar Financial LLC acquired a new position in Federal Realty Investment Trust during the third quarter worth about $207,000. Lourd Capital LLC acquired a new position in Federal Realty Investment Trust during the fourth quarter worth about $211,000. American Assets Capital Advisers LLC acquired a new position in Federal Realty Investment Trust during the fourth quarter worth about $212,000. Keel Point LLC acquired a new position in Federal Realty Investment Trust during the fourth quarter worth about $217,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Federal Realty Investment Trust during the third quarter worth about $237,000. Institutional investors own 97.75% of the company’s stock.
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, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.
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