Federal Realty Investment Trust (NYSE:FRT) Reaches New 12-Month Low – What’s Next?

Shares of Federal Realty Investment Trust (NYSE:FRT) hit a new 52-week low during trading on Thursday . The stock traded as low as $92.90 and last traded at $94.36, with a volume of 255028 shares traded. The stock had previously closed at $99.08.

Wall Street Analyst Weigh In

FRT has been the subject of a number of research reports. Truist Financial downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from $114.00 to $105.00 in a research report on Thursday, March 13th. Citigroup reissued a “neutral” rating and set a $106.00 price objective (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Stifel Nicolaus lowered their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their price target on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Scotiabank decreased their price objective on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.62.

Federal Realty Investment Trust Stock Down 4.0 %

The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market capitalization of $7.62 billion, a PE ratio of 25.94, a PEG ratio of 2.20 and a beta of 1.27. The company’s 50 day simple moving average is $102.73 and its 200-day simple moving average is $108.68.

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

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.95%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 128.28%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cerity Partners LLC increased its holdings in shares of Federal Realty Investment Trust by 47.0% in the 3rd quarter. Cerity Partners LLC now owns 4,382 shares of the real estate investment trust’s stock worth $504,000 after buying an additional 1,401 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Federal Realty Investment Trust by 5.2% in the third quarter. The Manufacturers Life Insurance Company now owns 48,522 shares of the real estate investment trust’s stock valued at $5,579,000 after acquiring an additional 2,383 shares during the last quarter. FMR LLC raised its position in Federal Realty Investment Trust by 667.2% during the third quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock valued at $65,856,000 after purchasing an additional 498,146 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in Federal Realty Investment Trust by 4.0% during the third quarter. Public Sector Pension Investment Board now owns 13,115 shares of the real estate investment trust’s stock worth $1,508,000 after purchasing an additional 500 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of Federal Realty Investment Trust in the 3rd quarter worth about $241,000. 93.86% of the stock is currently owned by institutional investors.

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.