Federal Realty Investment Trust (NYSE:FRT) Receives $123.62 Average PT from Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $123.62.

FRT has been the subject of a number of recent analyst reports. Scotiabank increased their price objective on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $122.00 to $125.00 in a research note on Friday, December 20th. StockNews.com lowered shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Evercore ISI boosted their price target on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th.

Federal Realty Investment Trust Stock Down 0.4 %

Federal Realty Investment Trust stock opened at $104.52 on Thursday. The company has a 50-day simple moving average of $112.92 and a 200-day simple moving average of $111.73. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34. The firm has a market capitalization of $8.67 billion, a P/E ratio of 30.38, a P/E/G ratio of 2.17 and a beta of 1.25. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is 127.91%.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently bought and sold shares of FRT. NBC Securities Inc. lifted its stake in Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 107 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Federal Realty Investment Trust in the 3rd quarter valued at approximately $36,000. Rothschild Investment LLC acquired a new position in Federal Realty Investment Trust in the 2nd quarter worth approximately $42,000. Eastern Bank purchased a new position in Federal Realty Investment Trust during the 3rd quarter worth approximately $52,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Federal Realty Investment Trust by 2,475.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 594 shares during the period. Hedge funds and other 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.