Scotiabank Lowers Federal Realty Investment Trust (NYSE:FRT) Price Target to $117.00

Federal Realty Investment Trust (NYSE:FRT) had its price objective decreased by Scotiabank from $126.00 to $117.00 in a research report sent to investors on Friday,Benzinga reports. Scotiabank currently has a sector outperform rating on the real estate investment trust’s stock.

FRT has been the subject of a number of other research reports. Raymond James dropped their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Stifel Nicolaus dropped their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research report on Friday, February 14th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $122.00 to $125.00 in a research report on Friday, December 20th. Finally, Wells Fargo & Company lowered their price objective on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

Federal Realty Investment Trust Stock Up 1.5 %

Shares of NYSE FRT opened at $105.54 on Friday. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The business has a 50-day simple moving average of $107.64 and a two-hundred day simple moving average of $111.67. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The company has a market cap of $9.04 billion, a P/E ratio of 30.77, a P/E/G ratio of 2.20 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.73. The firm had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. Research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.17%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 128.28%.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently added to or reduced their stakes in FRT. Park Square Financial Group LLC purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth $30,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth $8,860,000. Employees Retirement System of Texas grew its stake in shares of Federal Realty Investment Trust by 20.3% in the fourth quarter. Employees Retirement System of Texas now owns 71,000 shares of the real estate investment trust’s stock worth $7,948,000 after acquiring an additional 12,000 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth $8,665,000. Finally, Toronto Dominion Bank grew its stake in shares of Federal Realty Investment Trust by 10.6% in the fourth quarter. Toronto Dominion Bank now owns 30,603 shares of the real estate investment trust’s stock worth $3,426,000 after acquiring an additional 2,938 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

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.