Federal Realty Investment Trust (NYSE:FRT) Upgraded to “Buy” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a hold rating to a buy rating in a research report report published on Monday, MarketBeat.com reports. The brokerage currently has $110.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $109.00.

A number of other brokerages have also commented on FRT. Bank of America increased their price target on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a buy rating in a report on Friday, April 5th. Wells Fargo & Company raised shares of Federal Realty Investment Trust from an equal weight rating to an overweight rating and increased their price target for the stock from $110.00 to $112.00 in a report on Thursday, February 29th. Barclays increased their price target on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an overweight rating in a report on Friday, January 19th. Scotiabank decreased their price target on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a sector outperform rating on the stock in a report on Wednesday, February 28th. Finally, Truist Financial reissued a buy rating and issued a $117.00 price target on shares of Federal Realty Investment Trust in a report on Monday, March 25th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $112.70.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $101.14 on Monday. The firm’s 50 day simple moving average is $100.16 and its 200 day simple moving average is $98.22. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $8.39 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 2.83 and a beta of 1.21. Federal Realty Investment Trust has a 1-year low of $85.27 and a 1-year high of $107.61.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $292.05 million. Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $1.58 EPS. As a group, analysts expect that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 13th were given a dividend of $1.09 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $4.36 annualized dividend and a yield of 4.31%. Federal Realty Investment Trust’s payout ratio is currently 155.71%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Institutional investors have recently added to or reduced their stakes in the company. Van Lanschot Kempen Investment Management N.V. purchased a new stake in Federal Realty Investment Trust during the 3rd quarter valued at $2,465,000. Strs Ohio boosted its position in Federal Realty Investment Trust by 32.7% during the 4th quarter. Strs Ohio now owns 136,781 shares of the real estate investment trust’s stock valued at $14,095,000 after buying an additional 33,700 shares during the period. Royal London Asset Management Ltd. boosted its position in Federal Realty Investment Trust by 1.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 43,925 shares of the real estate investment trust’s stock valued at $3,982,000 after buying an additional 545 shares during the period. FMR LLC boosted its position in Federal Realty Investment Trust by 195.8% during the 3rd quarter. FMR LLC now owns 135,818 shares of the real estate investment trust’s stock valued at $12,309,000 after buying an additional 89,898 shares during the period. Finally, Sandy Spring Bank boosted its position in Federal Realty Investment Trust by 13.1% during the 4th quarter. Sandy Spring Bank now owns 3,870 shares of the real estate investment trust’s stock valued at $399,000 after buying an additional 449 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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 communities where retail demand exceeds supply.