Brokerages Set Federal Realty Investment Trust (NYSE:FRT) Price Target at $114.40

Shares of Federal Realty Investment Trust (NYSE:FRT) have earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $115.40.

FRT has been the subject of several recent research reports. Truist Financial boosted their price target on shares of Federal Realty Investment Trust from $111.00 to $112.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Scotiabank boosted their price target on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday. Barclays boosted their price target on Federal Realty Investment Trust from $107.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Weiss Ratings raised Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus boosted their price target on Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a research report on Friday, February 13th.

Federal Realty Investment Trust Trading Up 2.1%

Shares of NYSE FRT opened at $118.53 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51. The business has a fifty day simple moving average of $109.66 and a two-hundred day simple moving average of $104.49. The firm has a market cap of $10.24 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 4.39 and a beta of 0.92. Federal Realty Investment Trust has a twelve month low of $89.99 and a twelve month high of $118.74.

Federal Realty Investment Trust Announces Dividend

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

Institutional Trading of Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Park Square Financial Group LLC acquired a new stake in Federal Realty Investment Trust in the fourth quarter valued at approximately $25,000. Turning Point Benefit Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 1,853.8% in the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 241 shares during the last quarter. True Wealth Design LLC boosted its position in Federal Realty Investment Trust by 88.7% during the fourth quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 126 shares during the last quarter. Private Trust Co. NA boosted its position in Federal Realty Investment Trust by 937.5% during the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 300 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Federal Realty Investment Trust during the third quarter worth about $35,000. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile

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.