Federal Realty Investment Trust (NYSE:FRT) Price Target Raised to $123.00 at Evercore ISI

Federal Realty Investment Trust (NYSE:FRT) had its price target increased by Evercore ISI from $120.00 to $123.00 in a report published on Monday, Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Several other research firms have also commented on FRT. Wells Fargo & Company lifted their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an overweight rating in a research report on Wednesday, August 28th. Compass Point lifted their target price on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a buy rating in a report on Tuesday, September 10th. Scotiabank increased their price target on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the stock a sector outperform rating in a research note on Monday, August 26th. Raymond James lifted their price objective on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an outperform rating in a research note on Friday, August 16th. Finally, Piper Sandler increased their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an overweight rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $122.85.

Federal Realty Investment Trust Stock Down 0.1 %

Shares of NYSE:FRT opened at $117.22 on Monday. The firm has a 50 day simple moving average of $112.16 and a 200-day simple moving average of $104.85. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $118.34. 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 company has a market capitalization of $9.72 billion, a PE ratio of 41.72, a P/E/G ratio of 2.20 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share 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 was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $1.67 earnings per share. On average, equities analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be 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 3.75%. The ex-dividend date of this dividend is Tuesday, October 1st. Federal Realty Investment Trust’s payout ratio is presently 156.58%.

Insider Activity

In related news, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the sale, the chief executive officer now owns 6,637 shares of the company’s stock, valued at $771,020.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the company’s 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 SEC, which is accessible 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 stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the transaction, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRT. PFG Investments LLC increased its stake in shares of Federal Realty Investment Trust by 2.0% during the 2nd quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock worth $625,000 after purchasing an additional 124 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Federal Realty Investment Trust by 7.6% in the first quarter. GAMMA Investing LLC now owns 1,837 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 130 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Federal Realty Investment Trust by 2.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock valued at $535,000 after acquiring an additional 143 shares in the last quarter. Strategy Asset Managers LLC boosted its stake in shares of Federal Realty Investment Trust by 5.8% during the first quarter. Strategy Asset Managers LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 164 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Federal Realty Investment Trust by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 21,952 shares of the real estate investment trust’s stock worth $2,216,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds 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.