Federal Realty Investment Trust (NYSE:FRT) Now Covered by Analysts at Wolfe Research

Wolfe Research initiated coverage on shares of Federal Realty Investment Trust (NYSE:FRT) in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage issued an outperform rating and a $143.00 price target on the real estate investment trust’s stock.

A number of other equities analysts also recently weighed in on FRT. Bank of America raised their target price on shares of Federal Realty Investment Trust from $128.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Citigroup boosted their target price on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Mizuho set a $130.00 price target on Federal Realty Investment Trust and gave the company an “outperform” rating in a report on Monday, June 1st. Barclays lifted their price target on Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $135.00 price target on shares of Federal Realty Investment Trust in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $126.12.

Federal Realty Investment Trust Trading Down 1.4%

NYSE FRT opened at $120.36 on Wednesday. Federal Realty Investment Trust has a 1-year low of $89.99 and a 1-year high of $126.41. 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 stock has a 50-day moving average of $119.63 and a 200-day moving average of $110.28. The firm has a market cap of $10.40 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93.

Federal Realty Investment Trust Announces Dividend

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

Hedge Funds Weigh In On Federal Realty Investment Trust

Several institutional investors have recently bought and sold shares of FRT. Norges Bank bought a new position in Federal Realty Investment Trust during the fourth quarter valued at $734,290,000. State Street Corp grew its position in Federal Realty Investment Trust by 1.4% in the 3rd quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock valued at $675,610,000 after acquiring an additional 90,127 shares during the last quarter. Resolution Capital Ltd increased its stake in Federal Realty Investment Trust by 10.3% in the first quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock worth $387,090,000 after purchasing an additional 340,524 shares during the period. Invesco Ltd. lifted its position in shares of Federal Realty Investment Trust by 2.7% during the fourth quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust’s stock worth $275,466,000 after purchasing an additional 72,718 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Federal Realty Investment Trust by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust’s stock worth $221,217,000 after purchasing an additional 23,214 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.