Federal Realty Investment Trust (NYSE:FRT) Price Target Raised to $126.00

Federal Realty Investment Trust (NYSE:FRT) had its price target boosted by Scotiabank from $119.00 to $126.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a sector outperform rating on the real estate investment trust’s stock.

A number of other research firms have also recently issued reports on FRT. JPMorgan Chase & Co. raised their price target on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Truist Financial raised their price target on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Piper Sandler increased their price objective on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. Finally, Wells Fargo & Company increased their price objective on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.38.

Federal Realty Investment Trust Trading Up 1.4 %

NYSE:FRT opened at $117.53 on Monday. The firm has a 50 day moving average of $113.25 and a 200 day moving average of $109.24. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.30 and a beta of 1.24. Federal Realty Investment Trust has a 52 week low of $92.78 and a 52 week high of $118.34. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.74%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is 127.91%.

Insider Buying and Selling at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently modified their holdings of FRT. NBC Securities Inc. raised its stake 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 purchasing an additional 107 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Federal Realty Investment Trust during the third quarter valued at about $36,000. Family Firm Inc. acquired a new stake in shares of Federal Realty Investment Trust during the second quarter valued at about $33,000. Blue Trust Inc. increased its position in shares of Federal Realty Investment Trust by 885.7% during the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 310 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of Federal Realty Investment Trust during the second quarter valued at about $42,000. 93.86% of the stock is 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.