Federal Realty Investment Trust (NYSE:FRT) Price Target Raised to $124.00 at JPMorgan Chase & Co.

Federal Realty Investment Trust (NYSE:FRT) had its target price boosted by JPMorgan Chase & Co. from $115.00 to $124.00 in a research note issued to investors on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust’s stock.

Several other research firms also recently commented on FRT. Citigroup increased their target price on Federal Realty Investment Trust from $106.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Evercore set a $110.00 price objective on Federal Realty Investment Trust in a research report on Monday, May 4th. 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. Barclays raised their price objective on Federal Realty Investment Trust from $107.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Stifel Nicolaus raised their price objective on Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus price target of $114.40.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $113.85 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $9.84 billion, a PE ratio of 19.77, a P/E/G ratio of 4.43 and a beta of 0.92. Federal Realty Investment Trust has a 12 month low of $89.99 and a 12 month high of $117.22. The stock has a 50-day moving average price of $108.91 and a two-hundred day moving average price of $103.84.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Thursday, February 12th. The real estate investment trust reported $1.48 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.38). The firm had revenue of $336.05 million during the quarter, compared to the consensus estimate of $327.65 million. Federal Realty Investment Trust had a net margin of 38.63% and a return on equity of 15.99%. Federal Realty Investment Trust’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.73 earnings per share. Analysts expect that Federal Realty Investment Trust will post 7.51 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is presently 78.47%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Hedge funds have recently added to or reduced their stakes in the business. Danske Bank A S boosted its position in shares of Federal Realty Investment Trust by 16.7% during the fourth quarter. Danske Bank A S now owns 700 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 100 shares during the last quarter. New Mexico Educational Retirement Board boosted its position in shares of Federal Realty Investment Trust by 2.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 3,650 shares of the real estate investment trust’s stock valued at $368,000 after buying an additional 100 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of Federal Realty Investment Trust by 2.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 3,849 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 103 shares during the last quarter. Equitable Holdings Inc. boosted its position in shares of Federal Realty Investment Trust by 3.5% during the third quarter. Equitable Holdings Inc. now owns 3,114 shares of the real estate investment trust’s stock valued at $315,000 after buying an additional 105 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Federal Realty Investment Trust by 18.8% during the second quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 109 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

About Federal Realty Investment Trust

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.