In yesterday’s Wall Street session, Federal Realty Investment Trust (NYSE:FRT) shares traded at $97.19, down -0.81% from the previous session.
As we calculate the median target price by taking the range between a high of $131.00 and a low of $103.00, we find $118.00. Given the previous closing price of $97.98, this indicates a potential upside of 20.43 percent. FRT stock price is now -9.38% away from the 50-day moving average and -5.73% away from the 200-day moving average. The market capitalization of the company currently stands at $8.39B.
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Brokers who have rated the stock have averaged $117.06 as their price target over the next twelve months.
With the price target maintained at $125, Compass Point recently Upgraded its rating from Neutral to Buy for Federal Realty Investment Trust (NYSE: FRT). On December 16, 2022, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $118 to quote $115, while ‘Piper Sandler’ rates the stock as ‘Neutral’.
In other news, WOOD DONALD C, Chief Executive Officer sold 1,891 shares of the company’s stock on Feb 14. The stock was sold for $212,196 at an average price of $112.21. Upon completion of the transaction, the Chief Executive Officer now directly owns 198,819 shares in the company, valued at $19.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13, Chief Executive Officer WOOD DONALD C sold 10,000 shares of the business’s stock. A total of $1,112,352 was realized by selling the stock at an average price of $111.24. This leaves the insider owning 200,710 shares of the company worth $19.51 million. Insiders disposed of 28,401 shares of company stock worth roughly $2.76 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FRT stock. A new stake in Federal Realty Investment Trust shares was purchased by PARAMETRIC PORTFOLIO ASSOCIATES LLC during the first quarter worth $27,435,000. GRS ADVISORS, LLC invested $12,400,000 in shares of FRT during the first quarter. In the first quarter, FISHER ASSET MANAGEMENT, LLC acquired a new stake in Federal Realty Investment Trust valued at approximately $8,278,000. JANNEY CAPITAL MANAGEMENT LLC acquired a new stake in FRT for approximately $6,663,000. RMB CAPITAL MANAGEMENT, LLC purchased a new stake in FRT valued at around $5,949,000 in the second quarter. In total, there are 608 active investors with 98.60% ownership of the company’s stock.
On Wednesday morning Federal Realty Investment Trust (NYSE: FRT) stock kicked off with the opening price of $96.14. During the past 12 months, Federal Realty Investment Trust has had a low of $86.43 and a high of $128.13. The fifty day moving average price for FRT is $107.18 and a two-hundred day moving average price translates $103.02 for the stock.
The latest earnings results from Federal Realty Investment Trust (NYSE: FRT) was released for Dec, 2022. According to the REIT – Retail Company, earnings per share came in at $1.4, beating analysts’ expectations of $0.63 by 0.77. This compares to $1.45 EPS in the same period last year. The net profit margin was 35.00% and return on equity was 14.10% for FRT. The company reported revenue of $280.06 million for the quarter, compared to $254.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.19 percent. For the current quarter, analysts expect FRT to generate $276.58M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/17/2023. Investors who held shares on 03/13/2023 were paid a $1.08 dividend. On an annualized basis, this represents a $4.32 dividend and a 4.44% percent yield. There was an ex-dividend date of 03/10/2023 for this dividend. In terms of dividend payout ratio, FRT is presently at 92.20%.
Federal Realty Investment Trust(FRT) 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, D.C. 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. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 106 properties include approximately 3,100 tenants, in 25 million square feet, and approximately 3,200 residential units. Federal Realty has increased its quarterly dividends to its shareholders for 54 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.
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