Federal Realty Investment Trust (NYSE:FRT) Receives $123.21 Consensus Target Price from Analysts

Federal Realty Investment Trust (NYSE:FRT) has received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $123.2143.

Several research analysts have recently weighed in on FRT shares. JPMorgan Chase & Co. boosted their target price 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. Barclays upped their price target on Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Citigroup upped their price target 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. Piper Sandler restated an “overweight” rating on shares of Federal Realty Investment Trust in a research report on Tuesday, May 26th. Finally, 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.

Federal Realty Investment Trust Trading Down 0.9%

FRT stock opened at $124.70 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. Federal Realty Investment Trust has a 12-month low of $89.99 and a 12-month high of $126.41. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 3.00 and a beta of 0.94. The business’s 50-day moving average is $115.31 and its 200 day moving average is $107.44.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is presently 78.47%.

Institutional Trading of Federal Realty Investment Trust

Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust during the 4th quarter valued at approximately $734,290,000. State Street Corp raised its position in shares of Federal Realty Investment Trust by 1.4% during 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 buying an additional 90,127 shares during the period. Resolution Capital Ltd raised its position in shares of Federal Realty Investment Trust by 10.3% during the 1st quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock valued at $387,090,000 after buying an additional 340,524 shares during the period. Invesco Ltd. raised its position in shares of Federal Realty Investment Trust by 2.7% during the 4th quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust’s stock valued at $275,466,000 after buying an additional 72,718 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Federal Realty Investment Trust by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust’s stock valued at $221,217,000 after buying an additional 23,214 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

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.