Brokerages Set Federal Realty Investment Trust (NYSE:FRT) PT at $123.62

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

FRT has been the subject of several research analyst reports. Compass Point increased their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, December 31st. Evercore ISI increased their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Citigroup raised 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. Finally, JPMorgan Chase & Co. raised 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 report on Friday, December 20th.

Institutional Investors Weigh In On Federal Realty Investment Trust

Large investors have recently added to or reduced their stakes in the business. NBC Securities Inc. raised its stake in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 107 shares during the last quarter. CWM LLC increased its stake in Federal Realty Investment Trust by 10.9% in the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 110 shares during the last quarter. PFG Investments LLC lifted its position in Federal Realty Investment Trust by 2.0% during the second quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock worth $625,000 after buying an additional 124 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Federal Realty Investment Trust by 2.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock valued at $535,000 after buying an additional 143 shares during the period. Finally, M&T Bank Corp grew its stake in shares of Federal Realty Investment Trust by 1.5% during the 3rd quarter. M&T Bank Corp now owns 9,771 shares of the real estate investment trust’s stock valued at $1,123,000 after buying an additional 149 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Down 2.8 %

FRT opened at $106.51 on Thursday. The stock has a market capitalization of $8.84 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34. The business’s 50-day simple moving average is $113.08 and its 200-day simple moving average is $111.70.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is currently 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.