Federal Realty Investment Trust with ticker code (FRT) now have 17 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 131 and 105 and has a mean target at $115.47. Given that the stocks previous close was at $97.87 this now indicates there is a potential upside of 18.0%. The day 50 moving average is $101.34 and the 200 day moving average is $102.20. The market cap for the company is $8,050m. Company Website: https://www.federalrealty.com
The potential market cap would be $9,498m based on the market consensus.
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 103 properties include approximately 3,300 tenants, in 26 million square feet, and approximately 3,000 residential units. Federal Realty has increased its quarterly dividends to its shareholders for 55 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.
The company has a dividend yield of 4.41% with the ex dividend date set at 10-3-2023 (DMY).
Other points of data to note are a P/E ratio of 20.8, revenue per share of 13.52 and a 2.9% return on assets.
