Federal Realty Investment Trust (NYSE:FRT) Price Target Raised to $135.00

Federal Realty Investment Trust (NYSE:FRT) had its price target boosted by Piper Sandler from $131.00 to $135.00 in a report issued on Monday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the real estate investment trust’s stock.

Several other equities analysts have also recently weighed in on the company. Scotiabank cut their price objective on Federal Realty Investment Trust from $128.00 to $126.00 and set a “sector outperform” rating for the company in a research report on Thursday, September 17th. UBS Group decreased their target price on Federal Realty Investment Trust from $127.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, October 9th. Wells Fargo & Company lowered their target price on Federal Realty Investment Trust from $126.00 to $119.00 and set an “overweight” rating on the stock in a report on Friday, October 23rd. Weiss Ratings downgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Finally, Mizuho dropped their price target on Federal Realty Investment Trust from $130.00 to $117.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.88.

Federal Realty Investment Trust Price Performance

NYSE FRT opened at $114.61 on Monday. Federal Realty Investment Trust has a 1 year low of $95.00 and a 1 year high of $128.21. The company has a fifty day simple moving average of $110.69 and a 200 day simple moving average of $113.08. The company has a current ratio of 1.53, a quick ratio of 1.70 and a debt-to-equity ratio of 1.55. The company has a market cap of $9.86 billion, a P/E ratio of 14.94, a P/E/G ratio of 2.78 and a beta of 0.94.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Friday, October 30th. The real estate investment trust reported $0.74 EPS for the quarter, missing the consensus estimate of $1.85 by ($1.11). The firm had revenue of $339.02 million during the quarter, compared to the consensus estimate of $336.57 million. Federal Realty Investment Trust had a return on equity of 13.76% and a net margin of 32.60%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.77 EPS. On average, sell-side analysts predict that Federal Realty Investment Trust will post 7.56 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, January 4th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 92.80%.

Insider Buying and Selling at Federal Realty Investment Trust

In other news, Director Nicole Lamb-Hale sold 1,500 shares of Federal Realty Investment Trust stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $108.89, for a total transaction of $163,335.00. Following the sale, the director directly owned 4,613 shares in the company, valued at approximately $502,309.57. The trade was a 24.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FRT. New York Life Investment Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 8.1% in the 3rd quarter. New York Life Investment Management LLC now owns 22,646 shares of the real estate investment trust’s stock worth $2,452,000 after acquiring an additional 1,705 shares in the last quarter. AlphaCore Capital LLC increased its holdings in Federal Realty Investment Trust by 7.5% during the 3rd quarter. AlphaCore Capital LLC now owns 5,459 shares of the real estate investment trust’s stock valued at $591,000 after purchasing an additional 381 shares in the last quarter. Retirement Systems of Alabama increased its holdings in Federal Realty Investment Trust by 0.4% during the 3rd quarter. Retirement Systems of Alabama now owns 60,538 shares of the real estate investment trust’s stock valued at $6,556,000 after purchasing an additional 238 shares in the last quarter. Private Management Group Inc. increased its holdings in Federal Realty Investment Trust by 4.7% during the 3rd quarter. Private Management Group Inc. now owns 287,520 shares of the real estate investment trust’s stock valued at $31,136,000 after purchasing an additional 12,824 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Federal Realty Investment Trust by 29.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,143 shares of the real estate investment trust’s stock valued at $1,636,000 after purchasing an additional 3,462 shares during the last quarter. Institutional investors and hedge funds 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 and redevelops high-quality retail and mixed-use properties. Its portfolio includes shopping centers, street retail, and mixed-use developments that combine retail, residential, office and hospitality uses.

The company focuses on densely populated, affluent communities and prominent locations in major metropolitan markets. Its properties are concentrated in regions including the Northeast, Mid-Atlantic, California and South Florida, and are leased to a broad range of retailers, restaurants, service providers and other commercial tenants.

Founded in 1962, Federal Realty has developed and managed properties designed to serve both local communities and national retailers.