Federal Realty Investment Trust (NYSE:FRT) Receives $123.38 Consensus Price Target from Analysts

Federal Realty Investment Trust (NYSE:FRT) has received an average rating of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $123.38.

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Scotiabank raised their price objective on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Mizuho raised their price target on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, Truist Financial upped their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $112.79 on Friday. The firm’s fifty day moving average is $113.34 and its two-hundred day moving average is $110.20. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.17 and a beta of 1.24. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $1.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.90%. Federal Realty Investment Trust’s payout ratio is presently 127.91%.

Institutional Trading of Federal Realty Investment Trust

A number of institutional investors and hedge funds have recently bought and sold shares of FRT. NBC Securities Inc. boosted its stake in shares of Federal Realty Investment Trust by 81.7% in the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 107 shares during the period. Family Firm Inc. acquired a new stake in Federal Realty Investment Trust during the 2nd quarter worth approximately $33,000. Blue Trust Inc. boosted its position in Federal Realty Investment Trust by 885.7% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 310 shares during the period. Brooklyn Investment Group acquired a new position in shares of Federal Realty Investment Trust in the third quarter worth $36,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Federal Realty Investment Trust during the second quarter worth $42,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust

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, DC 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.