Federal Realty Investment Trust (NYSE:FRT) Cut to Hold at Truist Financial

Truist Financial downgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a buy rating to a hold rating in a research note published on Thursday morning, Marketbeat.com reports. Truist Financial currently has $105.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $114.00.

A number of other equities research analysts have also recently commented on FRT. Wells Fargo & Company lowered their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Stifel Nicolaus decreased their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a report on Friday, February 14th. JPMorgan Chase & Co. decreased their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 7th. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Raymond James decreased their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of $119.77.

Federal Realty Investment Trust Trading Up 1.5 %

NYSE FRT opened at $96.13 on Thursday. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a one year low of $94.58 and a one year high of $118.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The business’s fifty day moving average is $105.21 and its 200-day moving average is $110.65.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting analysts’ consensus estimates of $1.73. The company had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. Equities research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.58%. Federal Realty Investment Trust’s dividend payout ratio is presently 128.28%.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FIL Ltd grew its stake in Federal Realty Investment Trust by 0.3% in the fourth quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust’s stock worth $3,984,000 after purchasing an additional 95 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Federal Realty Investment Trust by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock worth $734,000 after purchasing an additional 110 shares during the period. Smartleaf Asset Management LLC grew its stake in Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 111 shares during the period. Park Avenue Securities LLC grew its stake in Federal Realty Investment Trust by 2.7% in the fourth quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock worth $533,000 after purchasing an additional 125 shares during the period. Finally, Keybank National Association OH grew its stake in Federal Realty Investment Trust by 5.1% in the fourth quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 128 shares during the period. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.