Brokerages Set Federal Realty Investment Trust (NYSE:FRT) Price Target at $143.29

Shares of Federal Realty Investment Trust (NYSE:FRT) have been assigned a consensus rating of “Buy” from the eleven research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $143.29.

Several research analysts have recently issued reports on the company. BMO Capital Markets reaffirmed a “buy” rating and set a $135.00 price target on shares of Federal Realty Investment Trust in a research note on Monday, August 5th. Mizuho raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $146.00 price target for the company in a research note on Friday, September 13th. ValuEngine downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. DA Davidson downgraded Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Deutsche Bank raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $134.00 to $141.00 in a research note on Thursday, September 5th.

Shares of NYSE:FRT traded up $0.73 during midday trading on Monday, hitting $137.92. 10,298 shares of the stock were exchanged, compared to its average volume of 463,620. The stock has a market cap of $10.19 billion, a P/E ratio of 22.14, a PEG ratio of 4.40 and a beta of 0.45. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.41. Federal Realty Investment Trust has a twelve month low of $115.09 and a twelve month high of $139.29. The company has a 50 day moving average price of $134.28 and a 200-day moving average price of $132.59.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.02. The business had revenue of $229.73 million during the quarter, compared to the consensus estimate of $232.00 million. Federal Realty Investment Trust had a return on equity of 11.13% and a net margin of 27.82%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 EPS. On average, equities research analysts expect that Federal Realty Investment Trust will post 6.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 23rd were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Friday, September 20th. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 67.42%.

Institutional investors have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc purchased a new stake in Federal Realty Investment Trust during the 2nd quarter worth about $39,000. Harvest Fund Management Co. Ltd increased its position in Federal Realty Investment Trust by 200.0% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 300 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 200 shares in the last quarter. CSat Investment Advisory L.P. increased its position in Federal Realty Investment Trust by 54.0% during the 2nd quarter. CSat Investment Advisory L.P. now owns 345 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 121 shares in the last quarter. Ossiam purchased a new stake in Federal Realty Investment Trust during the 2nd quarter worth about $48,000. Finally, Signature Estate & Investment Advisors LLC increased its position in Federal Realty Investment Trust by 43.2% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,097 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 88.51% 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 densely populated, affluent communities where retail demand exceeds supply.

See Also: 52-week highs

Analyst Recommendations for Federal Realty Investment Trust (NYSE:FRT)

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.