Federal Realty Investment Trust (NYSE:FRT) Given Average Recommendation of “Moderate Buy” by Brokerages

Federal Realty Investment Trust (NYSE:FRT) has received an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $123.92.

FRT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $122.00 to $125.00 in a research note on Friday, December 20th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Thursday, January 16th. Finally, Scotiabank raised their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th.

Federal Realty Investment Trust Price Performance

FRT opened at $106.48 on Monday. 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 50-day moving average of $110.70 and a 200 day moving average of $112.10. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $8.83 billion, a P/E ratio of 30.95, a PEG ratio of 1.92 and a beta of 1.25.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after buying an additional 168,885 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after acquiring an additional 7,501 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter valued at about $1,322,000. Sanctuary Advisors LLC grew its holdings in shares of Federal Realty Investment Trust by 45.3% during the third quarter. Sanctuary Advisors LLC now owns 3,244 shares of the real estate investment trust’s stock worth $373,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of Federal Realty Investment Trust in the third quarter worth approximately $747,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.