Federal Realty Investment Trust with ticker code (FRT) have now 17 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 131 and 103 with the average target price sitting at $116.71. Given that the stocks previous close was at $98.73 this indicates there is a potential upside of 18.2%. It’s also worth noting that there is a 50 day moving average of $104.06 while the 200 day moving average is $102.15. The market cap for the company is $8,104m. You can visit the company’s website by visiting: https://www.federalrealty.com
The potential market cap would be $9,580m 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 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.
The company has a dividend yield of 4.38% with the ex dividend date set at 10-3-2023 (DMY).
Other points of data to note are a P/E ratio of 20.92, revenue per share of 13.52 and a 2.9% return on assets.
