Federal Realty Investment Trust (NYSE:FRT) Receives $114.00 Consensus Price Target from Analysts

Shares of Federal Realty Investment Trust (NYSE:FRT) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $114.00.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Federal Realty Investment Trust from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $109.00 to $110.00 in a report on Monday, April 22nd. Truist Financial decreased their price objective on shares of Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating for the company in a report on Monday, May 20th. Bank of America boosted their price objective on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Evercore ISI decreased their price objective on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating for the company in a report on Friday, May 3rd.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $106.31 on Thursday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.59. The business’s 50 day moving average price is $101.04 and its 200-day moving average price is $101.16. Federal Realty Investment Trust has a 52 week low of $85.59 and a 52 week high of $107.61. The stock has a market cap of $8.82 billion, a P/E ratio of 37.83, a P/E/G ratio of 2.10 and a beta of 1.23.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 21st will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Friday, June 21st. Federal Realty Investment Trust’s payout ratio is 155.16%.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Federal Realty Investment Trust by 20.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 97 shares during the period. State of Michigan Retirement System boosted its holdings in Federal Realty Investment Trust by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 20,162 shares of the real estate investment trust’s stock worth $2,078,000 after buying an additional 100 shares during the period. GAMMA Investing LLC boosted its holdings in Federal Realty Investment Trust by 7.6% in the 1st quarter. GAMMA Investing LLC now owns 1,837 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 130 shares during the period. Strategy Asset Managers LLC boosted its holdings in Federal Realty Investment Trust by 5.8% in the 1st quarter. Strategy Asset Managers LLC now owns 3,001 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 164 shares during the period. Finally, Kesler Norman & Wride LLC boosted its holdings in Federal Realty Investment Trust by 1.0% in the 4th quarter. Kesler Norman & Wride LLC now owns 17,734 shares of the real estate investment trust’s stock worth $1,828,000 after buying an additional 169 shares during the period. 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.