Federal Realty Investment Trust (NYSE:FRT) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Federal Realty Investment Trust (NYSE:FRT) from a hold rating to a sell rating in a research note released on Tuesday morning.

Other equities analysts have also recently issued research reports about the company. Truist Financial boosted their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Compass Point raised their price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Raymond James upped their target price on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Scotiabank upped their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Finally, Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $120.00 to $135.00 in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average target price of $123.38.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $112.79 on Tuesday. The stock has a market cap of $9.36 billion, a P/E ratio of 32.79, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24. 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 company has a fifty day simple moving average of $113.34 and a 200-day simple moving average of $110.20. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $1.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 annualized dividend and a dividend yield of 3.90%. Federal Realty Investment Trust’s dividend payout ratio is presently 127.91%.

Institutional Trading of Federal Realty Investment Trust

Several large investors have recently made changes to their positions in FRT. Massachusetts Financial Services Co. MA boosted its holdings in Federal Realty Investment Trust by 4.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock worth $201,355,000 after buying an additional 90,395 shares during the last quarter. Geode Capital Management LLC grew its position in Federal Realty Investment Trust by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,956,097 shares of the real estate investment trust’s stock valued at $224,565,000 after purchasing an additional 7,160 shares in the last quarter. ProShare Advisors LLC boosted its position in Federal Realty Investment Trust by 2.2% during the second quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust’s stock valued at $174,883,000 after purchasing an additional 36,880 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Federal Realty Investment Trust by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust’s stock valued at $143,473,000 after buying an additional 42,209 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Federal Realty Investment Trust by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust’s stock valued at $115,000,000 after acquiring an additional 8,933 shares during the period. Institutional investors own 93.86% of the company’s stock.

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.