Federal Realty Investment Trust (NYSE:FRT) Cut to Sell at StockNews.com

StockNews.com lowered shares of Federal Realty Investment Trust (NYSE:FRT) from a hold rating to a sell rating in a research report released on Wednesday.

Several other equities analysts have also issued reports on the company. Compass Point boosted their price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Scotiabank increased their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Finally, Evercore ISI boosted their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.62.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $101.66 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. The firm’s fifty day simple moving average is $112.60 and its two-hundred day simple moving average is $111.63. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34. The stock has a market capitalization of $8.43 billion, a P/E ratio of 29.55, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.

Institutional Trading of Federal Realty Investment Trust

Several institutional investors have recently made changes to their positions in FRT. NBC Securities Inc. boosted its holdings in shares of Federal Realty Investment Trust by 81.7% in the 3rd 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 during the last quarter. Brooklyn Investment Group bought a new position in shares of Federal Realty Investment Trust during the 3rd quarter valued at approximately $36,000. Eastern Bank bought a new position in shares of Federal Realty Investment Trust during the 3rd quarter valued at approximately $52,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Federal Realty Investment Trust by 2,475.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 594 shares during the period. Finally, Y.D. More Investments Ltd bought a new stake in shares of Federal Realty Investment Trust in the 2nd quarter worth approximately $96,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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.