Scotiabank Cuts Federal Realty Investment Trust (NYSE:FRT) Price Target to $126.00

Federal Realty Investment Trust (NYSE:FRT) had its price target lowered by Scotiabank from $128.00 to $126.00 in a report issued on Thursday, MarketBeat reports. The brokerage currently has a sector outperform rating on the real estate investment trust’s stock.

Several other equities research analysts also recently weighed in on FRT. Citigroup raised their target price on shares of Federal Realty Investment Trust from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of Federal Realty Investment Trust from $124.00 to $129.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Bank of America boosted their price target on Federal Realty Investment Trust from $128.00 to $131.00 and gave the company a “buy” rating in a report on Monday, June 29th. Wells Fargo & Company raised their price target on shares of Federal Realty Investment Trust from $129.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, Wolfe Research began coverage on Federal Realty Investment Trust in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $143.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.62.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $110.97 on Thursday. The company has a market cap of $9.59 billion, a P/E ratio of 22.42, a P/E/G ratio of 2.73 and a beta of 0.91. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.70 and a current ratio of 1.70. The business’s 50 day moving average price is $119.33 and its 200-day moving average price is $116.08. Federal Realty Investment Trust has a fifty-two week low of $90.03 and a fifty-two week high of $128.21.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.97 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.88). The business had revenue of $335.71 million during the quarter, compared to the consensus estimate of $331.92 million. Federal Realty Investment Trust had a net margin of 32.67% and a return on equity of 13.65%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $1.91 EPS. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. Sell-side analysts predict that Federal Realty Investment Trust will post 7.54 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a dividend of $1.16 per share. The ex-dividend date is Thursday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.13. This represents a $4.64 annualized dividend and a yield of 4.2%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 91.31%.

Institutional Trading of Federal Realty Investment Trust

Hedge funds have recently made changes to their positions in the company. SJS Investment Consulting Inc. raised its position in shares of Federal Realty Investment Trust by 72.4% during the 1st quarter. SJS Investment Consulting Inc. now owns 362 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 152 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Federal Realty Investment Trust by 64.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 370 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 145 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in Federal Realty Investment Trust in the fourth quarter valued at $57,000. Contravisory Investment Management Inc. purchased a new stake in Federal Realty Investment Trust in the first quarter valued at $81,000. Finally, Global Retirement Partners LLC lifted its stake in shares of Federal Realty Investment Trust by 132.4% in the 4th quarter. Global Retirement Partners LLC now owns 804 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 458 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates, develops and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and properties that combine retail, dining, residential, office and other uses, with an emphasis on locations in affluent and densely populated communities.

The company’s properties are concentrated in major metropolitan markets along the East Coast, in California and in South Florida.