Federal Realty Investment Trust (NYSE:FRT) Given Average Rating of “Moderate Buy” by Analysts

Shares of Federal Realty Investment Trust (NYSE:FRT) have been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $123.2143.

FRT has been the topic of several recent research reports. UBS Group set a $130.00 price target on Federal Realty Investment Trust in a report on Monday, June 1st. JPMorgan Chase & Co. increased their price target on Federal Realty Investment Trust from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Truist Financial increased their price objective on Federal Realty Investment Trust from $112.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday, June 5th. Scotiabank increased their price objective on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Finally, Stifel Nicolaus increased their price objective on Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a research note on Friday, February 13th.

Federal Realty Investment Trust Stock Down 0.5%

Shares of NYSE:FRT opened at $123.83 on Thursday. The business’s 50 day simple moving average is $114.19 and its two-hundred day simple moving average is $106.87. The firm has a market cap of $10.70 billion, a P/E ratio of 21.50, a PEG ratio of 2.96 and a beta of 0.94. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. Federal Realty Investment Trust has a 52-week low of $89.99 and a 52-week high of $125.58.

Federal Realty Investment Trust Dividend Announcement

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

Institutional Trading of Federal Realty Investment Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of Federal Realty Investment Trust by 90.2% in the first quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust’s stock worth $54,114,000 after purchasing an additional 241,684 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Federal Realty Investment Trust by 2.5% in the first quarter. Janus Henderson Group PLC now owns 413,167 shares of the real estate investment trust’s stock worth $43,918,000 after purchasing an additional 10,095 shares during the last quarter. Bull Harbor Capital LLC purchased a new stake in shares of Federal Realty Investment Trust in the first quarter worth approximately $804,000. Amundi raised its stake in shares of Federal Realty Investment Trust by 6.4% in the first quarter. Amundi now owns 168,901 shares of the real estate investment trust’s stock worth $17,939,000 after purchasing an additional 10,102 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Federal Realty Investment Trust by 18.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,756 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 436 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other 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.