Analysts Set Federal Realty Investment Trust (NYSE:FRT) PT at $124.20

Shares of Federal Realty Investment Trust (NYSE:FRT) have earned an average rating of “Moderate Buy” from the eighteen analysts that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $125.9375.

Several analysts have recently commented on FRT shares. Jefferies Financial Group upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. upped their target price on shares of Federal Realty Investment Trust from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Citigroup raised their price target on Federal Realty Investment Trust from $106.00 to $120.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Finally, Evercore set a $122.00 price objective on Federal Realty Investment Trust in a research note on Tuesday, July 7th.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently added to or reduced their stakes in FRT. Park Square Financial Group LLC purchased a new stake in Federal Realty Investment Trust in the 4th quarter worth $25,000. Turning Point Benefit Group Inc. boosted its holdings in shares of Federal Realty Investment Trust by 1,853.8% in the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 241 shares during the period. True Wealth Design LLC increased its position in Federal Realty Investment Trust by 88.7% during the fourth quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 126 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Federal Realty Investment Trust by 937.5% in the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Federal Realty Investment Trust in the third quarter worth about $35,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Down 0.0%

Federal Realty Investment Trust stock opened at $120.92 on Monday. Federal Realty Investment Trust has a 12-month low of $89.99 and a 12-month high of $126.41. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.88 and a beta of 0.93. The firm has a 50 day moving average of $120.00 and a 200 day moving average of $110.55. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a yield of 3.7%. Federal Realty Investment Trust’s payout ratio is currently 78.47%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.