Brokerages Set Federal Realty Investment Trust (NYSE:FRT) PT at $123.21

Federal Realty Investment Trust (NYSE:FRT) has earned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $123.2143.

FRT has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Bank of America boosted their price target on shares of Federal Realty Investment Trust from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Barclays boosted their price target on shares of 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. 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 research report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Friday, May 29th.

Hedge Funds Weigh In On Federal Realty Investment Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Park Square Financial Group LLC purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at about $25,000. Turning Point Benefit Group Inc. increased its position in shares of Federal Realty Investment Trust by 1,853.8% during the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 241 shares during the period. True Wealth Design LLC increased its position in shares of 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 valued at $27,000 after buying an additional 126 shares during the period. Private Trust Co. NA increased its position in shares of 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 valued at $33,000 after buying an additional 300 shares during the period. Finally, Advisory Services Network LLC bought a new stake in Federal Realty Investment Trust during the third quarter worth about $35,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

FRT stock opened at $120.49 on Thursday. The firm’s 50-day moving average price is $115.91 and its two-hundred day moving average price is $107.77. 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 capitalization of $10.41 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.94 and a beta of 0.94. 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 Dividend Announcement

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

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.