Federal Realty Investment Trust (NYSE:FRT) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust (NYSE:FRTFree Report) from a neutral rating to an overweight rating in a research report released on Friday, MarketBeat reports. The firm currently has $125.00 target price on the real estate investment trust’s stock, up from their prior target price of $122.00.

FRT has been the subject of a number of other research reports. StockNews.com cut Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Evercore ISI raised their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Truist Financial lifted their target price 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. Compass Point upped their price target on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.62.

Check Out Our Latest Analysis on Federal Realty Investment Trust

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $111.92 on Friday. The stock has a market capitalization of $9.28 billion, a P/E ratio of 32.53, a P/E/G ratio of 2.14 and a beta of 1.24. The business has a 50-day moving average of $113.59 and a two-hundred day moving average of $110.92. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a $1.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.93%. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Institutional Trading of Federal Realty Investment Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in Federal Realty Investment Trust by 1,463.8% in the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock worth $70,251,000 after purchasing an additional 572,008 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of Federal Realty Investment Trust by 571.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock worth $64,868,000 after acquiring an additional 546,711 shares during the period. FMR LLC boosted its position in shares of Federal Realty Investment Trust by 667.2% during the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock valued at $65,856,000 after acquiring an additional 498,146 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Federal Realty Investment Trust by 456.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock valued at $69,544,000 after acquiring an additional 496,129 shares during the period. Finally, Millennium Management LLC raised its position in Federal Realty Investment Trust by 304.0% in the second quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock worth $41,963,000 after purchasing an additional 312,726 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

About Federal Realty Investment Trust

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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.

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Analyst Recommendations for Federal Realty Investment Trust (NYSE:FRT)

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