Federal Realty Investment Trust (NYSE:FRT) Receives Average Rating of “Moderate Buy” from Brokerages

Federal Realty Investment Trust (NYSE:FRT) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $122.85.

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted 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 research report on Tuesday, November 12th. Scotiabank cut their price target on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a research report on Friday, October 11th. Piper Sandler lifted their price objective on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Mizuho upped their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, Wells Fargo & Company raised their target price on 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.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $113.54 on Wednesday. The stock’s 50 day moving average is $113.58 and its 200 day moving average is $108.67. Federal Realty Investment Trust has a one year low of $90.84 and a one year high of $118.34. The firm has a market cap of $9.42 billion, a P/E ratio of 33.01, a P/E/G ratio of 2.14 and a beta of 1.24. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is currently 127.91%.

Insiders Place Their Bets

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction dated Monday, September 9th. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Texas Permanent School Fund Corp lifted its stake in Federal Realty Investment Trust by 4.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 15,182 shares of the real estate investment trust’s stock valued at $1,550,000 after acquiring an additional 627 shares in the last quarter. Swiss National Bank grew its position in Federal Realty Investment Trust by 0.3% in the 1st quarter. Swiss National Bank now owns 145,000 shares of the real estate investment trust’s stock worth $14,807,000 after purchasing an additional 400 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Federal Realty Investment Trust in the 1st quarter valued at about $657,000. Headlands Technologies LLC bought a new position in shares of Federal Realty Investment Trust during the 1st quarter worth approximately $73,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Federal Realty Investment Trust by 15.7% in the first quarter. Russell Investments Group Ltd. now owns 147,379 shares of the real estate investment trust’s stock valued at $15,050,000 after acquiring an additional 19,971 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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.