Federal Realty Investment Trust (NYSE:FRT) Price Target Raised to $122.00

Federal Realty Investment Trust (NYSE:FRT) had its price objective hoisted by JPMorgan Chase & Co. from $121.00 to $122.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other analysts also recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Scotiabank cut their price objective on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a report on Friday, October 11th. Mizuho raised their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Compass Point boosted their price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, Evercore ISI raised their price objective on 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. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of $122.85.

Federal Realty Investment Trust Stock Up 0.3 %

NYSE:FRT traded up $0.30 during mid-day trading on Tuesday, hitting $113.67. The company had a trading volume of 198,297 shares, compared to its average volume of 620,099. Federal Realty Investment Trust has a 1 year low of $90.84 and a 1 year high of $118.34. The business has a fifty day simple moving average of $113.67 and a 200-day simple moving average of $108.50. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 2.15 and a beta of 1.24.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $1.10 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.87%. Federal Realty Investment Trust’s dividend payout ratio (DPR) 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 stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in Federal Realty Investment Trust by 1,463.8% in the 3rd quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock worth $70,251,000 after buying an additional 572,008 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Federal Realty Investment Trust by 571.1% in the second quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock worth $64,868,000 after purchasing an additional 546,711 shares in the last quarter. FMR LLC increased its holdings in shares of Federal Realty Investment Trust by 667.2% during the third quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock valued at $65,856,000 after purchasing an additional 498,146 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Federal Realty Investment Trust by 456.2% during 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 purchasing an additional 496,129 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings 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 during the period. 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.