Truist Financial Reaffirms “Buy” Rating for Federal Realty Investment Trust (NYSE:FRT)

Truist Financial reiterated their buy rating on shares of Federal Realty Investment Trust (NYSE:FRT) in a report issued on Monday morning, Benzinga reports. The brokerage currently has a $117.00 target price on the real estate investment trust’s stock.

Several other analysts have also issued reports on FRT. Wells Fargo & Company upgraded Federal Realty Investment Trust from an equal weight rating to an overweight rating and upped their price objective for the company from $110.00 to $112.00 in a research note on Thursday, February 29th. Barclays increased their target price on Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an overweight rating in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft started coverage on 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. Mizuho lowered their target price on 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. Finally, Scotiabank lowered their target price on 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust has an average rating of Moderate Buy and an average price target of $112.60.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $101.54 on Monday. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.60. The stock’s 50 day moving average price is $100.84 and its two-hundred day moving average price is $97.47. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 36.26, a P/E/G ratio of 2.83 and a beta of 1.21. Federal Realty Investment Trust has a 12-month low of $85.27 and a 12-month high of $107.61.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.88). The business had revenue of $291.50 million during the quarter, compared to the consensus estimate of $292.05 million. Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. Federal Realty Investment Trust’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 EPS. On average, analysts anticipate that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Wednesday, March 13th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $4.36 dividend on an annualized basis and a yield of 4.29%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 155.71%.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of hedge funds have recently added to or reduced their stakes in FRT. Van Lanschot Kempen Investment Management N.V. acquired a new stake in shares of Federal Realty Investment Trust in the 3rd quarter valued at $2,465,000. FMR LLC boosted its holdings in shares of Federal Realty Investment Trust by 195.8% in the 3rd quarter. FMR LLC now owns 135,818 shares of the real estate investment trust’s stock valued at $12,309,000 after purchasing an additional 89,898 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Federal Realty Investment Trust by 1.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 43,925 shares of the real estate investment trust’s stock valued at $3,982,000 after purchasing an additional 545 shares in the last quarter. UBS Group AG boosted its holdings in shares of Federal Realty Investment Trust by 4.4% in the 3rd quarter. UBS Group AG now owns 155,823 shares of the real estate investment trust’s stock valued at $14,122,000 after purchasing an additional 6,552 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Federal Realty Investment Trust by 101.4% in the 3rd quarter. Barclays PLC now owns 354,022 shares of the real estate investment trust’s stock valued at $32,084,000 after purchasing an additional 178,285 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

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.