Federal Realty Investment Trust (NYSE:FRT) Receives Average Rating of “Moderate Buy” from Brokerages

Federal Realty Investment Trust (NYSE:FRT) has been given a consensus rating of “Moderate Buy” by the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $123.38.

Several research analysts recently weighed in on FRT shares. Truist Financial lifted their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Mizuho boosted their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Wells Fargo & Company raised their price target on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Evercore ISI upped their price objective 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. Finally, Scotiabank raised their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $114.25 on Friday. The company has a market capitalization of $9.48 billion, a P/E ratio of 33.21, a P/E/G ratio of 2.14 and a beta of 1.24. The business’s 50-day moving average is $113.46 and its two-hundred day moving average is $110.44. 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 has a fifty-two week low of $95.97 and a fifty-two week high of $118.34.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is presently 127.91%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. grew its holdings in shares of 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 worth $27,000 after buying an additional 107 shares in the last quarter. Family Firm Inc. purchased a new stake in Federal Realty Investment Trust during the 2nd quarter valued at about $33,000. Blue Trust Inc. raised its holdings in Federal Realty Investment Trust by 885.7% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 310 shares during the last quarter. Brooklyn Investment Group purchased a new position in Federal Realty Investment Trust in the 3rd quarter worth approximately $36,000. Finally, Rothschild Investment LLC acquired a new position in shares of Federal Realty Investment Trust during the 2nd quarter worth approximately $42,000. 93.86% of the stock is owned by institutional investors and hedge funds.

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.