Federal Realty Investment Trust (NYSE:FRT) shares reached a new 52-week high on Thursday . The stock traded as high as $134.81 and last traded at $135.03, with a volume of 21318 shares. The stock had previously closed at $131.27.
Several research analysts recently weighed in on FRT shares. Bank of America lifted their price objective on shares of Federal Realty Investment Trust from $141.00 to $144.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Citigroup lifted their price objective on shares of Federal Realty Investment Trust from $142.00 to $144.00 and gave the stock a “buy” rating in a research note on Monday, August 20th. Scotiabank started coverage on shares of Federal Realty Investment Trust in a research note on Tuesday, October 16th. They set an “outperform” rating on the stock. Deutsche Bank lifted their price objective on shares of Federal Realty Investment Trust from $133.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, August 28th. Finally, ValuEngine raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Federal Realty Investment Trust currently has an average rating of “Buy” and a consensus target price of $137.38.
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 cap of $9.70 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 3.63 and a beta of 0.20.
Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly 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 period in the previous year, the firm posted $1.50 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts predict that Federal Realty Investment Trust will post 6.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be paid a $1.02 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $4.08 dividend on an annualized basis and a yield of 3.01%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. Federal Realty Investment Trust’s payout ratio is presently 69.04%.
In other Federal Realty Investment Trust news, insider Donald C. Wood sold 12,210 shares of Federal Realty Investment Trust stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $132.43, for a total value of $1,616,970.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in FRT. IFP Advisors Inc lifted its stake in Federal Realty Investment Trust by 181.3% in the third quarter. IFP Advisors Inc now owns 889 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 573 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in Federal Realty Investment Trust in the second quarter valued at approximately $128,000. First Hawaiian Bank bought a new position in Federal Realty Investment Trust in the third quarter valued at approximately $139,000. Adviser Investments LLC bought a new position in Federal Realty Investment Trust in the second quarter valued at approximately $152,000. Finally, JNBA Financial Advisors acquired a new stake in shares of Federal Realty Investment Trust in the third quarter valued at approximately $176,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.
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Federal Realty Investment Trust Company Profile (NYSE:FRT)
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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