Federal Realty Investment Trust (FRT) Given a $146.00 Price Target at Citigroup

Citigroup set a $146.00 price target on Federal Realty Investment Trust (NYSE:FRT) in a research note issued to investors on Tuesday morning. The firm currently has a buy rating on the real estate investment trust’s stock.

A number of other research firms have also weighed in on FRT. Deutsche Bank raised their target price on Federal Realty Investment Trust from $133.00 to $135.00 and gave the company a hold rating in a report on Tuesday, August 28th. ValuEngine upgraded Federal Realty Investment Trust from a sell rating to a hold rating in a report on Saturday, August 18th. Zacks Investment Research restated a buy rating and issued a $140.00 target price on shares of Federal Realty Investment Trust in a report on Tuesday, November 13th. Wells Fargo & Co raised their target price on Federal Realty Investment Trust from $144.00 to $148.00 and gave the company an outperform rating in a report on Thursday, November 15th. Finally, Jefferies Financial Group restated a hold rating and issued a $128.00 target price on shares of Federal Realty Investment Trust in a report on Wednesday, August 15th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $137.38.

FRT stock opened at $129.35 on Tuesday. Federal Realty Investment Trust has a twelve month low of $106.41 and a twelve month high of $134.52. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $9.55 billion, a PE ratio of 21.89, a P/E/G ratio of 3.47 and a beta of 0.18.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.73). Federal Realty Investment Trust had a net margin of 26.33% and a return on equity of 10.65%. The company had revenue of $229.75 million during the quarter, compared to the consensus estimate of $228.71 million. During the same quarter in the prior year, the business earned $1.50 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Federal Realty Investment Trust will post 6.21 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be issued a dividend of $1.02 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. This represents a $4.08 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Monday, December 31st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 69.04%.

Institutional investors have recently modified their holdings of the stock. Chevy Chase Trust Holdings Inc. purchased a new stake in Federal Realty Investment Trust in the second quarter worth $8,317,000. Centersquare Investment Management LLC increased its position in Federal Realty Investment Trust by 434.3% in the second quarter. Centersquare Investment Management LLC now owns 265,022 shares of the real estate investment trust’s stock worth $33,538,000 after buying an additional 215,419 shares during the last quarter. Millennium Management LLC increased its position in Federal Realty Investment Trust by 68.1% in the second quarter. Millennium Management LLC now owns 496,117 shares of the real estate investment trust’s stock worth $62,784,000 after buying an additional 200,949 shares during the last quarter. Toronto Dominion Bank increased its position in Federal Realty Investment Trust by 19.4% in the second quarter. Toronto Dominion Bank now owns 47,068 shares of the real estate investment trust’s stock worth $5,954,000 after buying an additional 7,658 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in Federal Realty Investment Trust by 14.1% in the second quarter. Macquarie Group Ltd. now owns 26,725 shares of the real estate investment trust’s stock worth $3,381,000 after buying an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 92.82% 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.

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

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