Bank of America Issues Positive Forecast for Federal Realty Investment Trust (NYSE:FRT) Stock Price

Federal Realty Investment Trust (NYSE:FRT) had its price target lifted by Bank of America from $125.00 to $128.00 in a report published on Friday morning,Benzinga reports. Bank of America currently has a buy rating on the real estate investment trust’s stock.

FRT has been the topic of a number of other reports. UBS Group lifted their price target on shares of Federal Realty Investment Trust from $103.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Piper Sandler reissued an “overweight” rating on shares of Federal Realty Investment Trust in a research report on Tuesday. Barclays lifted their price target on shares of Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Weiss Ratings raised shares of 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 $110.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $120.14.

Federal Realty Investment Trust Trading Down 1.2%

Shares of NYSE FRT opened at $119.51 on Friday. The company’s fifty day moving average is $111.38 and its 200-day moving average is $105.44. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 4.58 and a beta of 0.92. Federal Realty Investment Trust has a twelve month low of $89.99 and a twelve month high of $121.84. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is currently 78.47%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in Federal Realty Investment Trust by 90.2% in the 1st quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust’s stock valued at $54,114,000 after acquiring an additional 241,684 shares in the last quarter. Janus Henderson Group PLC lifted its position in Federal Realty Investment Trust by 2.5% in the 1st quarter. Janus Henderson Group PLC now owns 413,167 shares of the real estate investment trust’s stock valued at $43,918,000 after acquiring an additional 10,095 shares in the last quarter. Bull Harbor Capital LLC bought a new stake in Federal Realty Investment Trust in the 1st quarter valued at $804,000. Amundi lifted its position in Federal Realty Investment Trust by 6.4% in the 1st quarter. Amundi now owns 168,901 shares of the real estate investment trust’s stock valued at $17,939,000 after acquiring an additional 10,102 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Federal Realty Investment Trust by 18.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,756 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 436 shares in the last quarter. 93.86% of the stock is 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.