Federal Realty Investment Trust (NYSE:FRT) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a neutral rating to an overweight rating in a research note issued to investors on Friday, Marketbeat reports. The firm currently has $125.00 target price on the real estate investment trust’s stock, up from their previous target price of $122.00.

Several other research firms have also commented on FRT. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their target price for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Compass Point raised their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Wells Fargo & Company boosted their target price on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Evercore ISI upped their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, StockNews.com cut Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.62.

Federal Realty Investment Trust Price Performance

NYSE FRT opened at $111.92 on Friday. The company’s 50 day simple moving average is $113.59 and its 200 day simple moving average is $110.92. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $9.28 billion, a PE ratio of 32.53, a P/E/G ratio of 2.14 and a beta of 1.24. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is presently 127.91%.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. grew its holdings in shares of Federal Realty Investment Trust by 81.7% during the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 107 shares in the last quarter. Brooklyn Investment Group purchased a new position in Federal Realty Investment Trust in the third quarter valued at about $36,000. Family Firm Inc. acquired a new position in Federal Realty Investment Trust in the 2nd quarter worth about $33,000. Blue Trust Inc. raised its stake in shares of Federal Realty Investment Trust by 885.7% during the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 310 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of Federal Realty Investment Trust during the 2nd quarter valued at about $42,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

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.