Federal Realty Investment Trust (NYSE:FRT) Receives $123.62 Consensus Price Target from Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT) have been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $123.62.

A number of equities analysts recently commented on the stock. Scotiabank raised their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $122.00 to $125.00 in a report on Friday, December 20th. Evercore ISI raised their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Tuesday, December 31st. Finally, Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $120.00 to $135.00 in a research note on Friday, September 13th.

Institutional Investors Weigh In On Federal Realty Investment Trust

Hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. lifted its position in Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 107 shares during the last quarter. Brooklyn Investment Group bought a new position in Federal Realty Investment Trust during the third quarter worth about $36,000. Rothschild Investment LLC acquired a new stake in Federal Realty Investment Trust in the 2nd quarter worth about $42,000. Eastern Bank bought a new stake in Federal Realty Investment Trust in the 3rd quarter valued at about $52,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Federal Realty Investment Trust by 2,475.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 594 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

FRT opened at $109.63 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34. The firm has a market cap of $9.09 billion, a PE ratio of 31.87, a P/E/G ratio of 2.14 and a beta of 1.25. The business has a fifty day simple moving average of $113.22 and a 200-day simple moving average of $111.51.

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 given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.

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.