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

Federal Realty Investment Trust (NYSE:FRT) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $115.7857.

FRT has been the subject of several research analyst reports. Stifel Nicolaus upped their price objective on shares of Federal Realty Investment Trust from $109.50 to $111.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Weiss Ratings upgraded shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Truist Financial upped their price objective on shares of Federal Realty Investment Trust from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Citigroup upped their price objective on shares of Federal Realty Investment Trust from $106.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Barclays upped their price objective on shares of Federal Realty Investment Trust from $107.00 to $116.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several large investors have recently bought and sold shares of the stock. Danske Bank A S boosted its stake in Federal Realty Investment Trust by 16.7% in the fourth quarter. Danske Bank A S now owns 700 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 100 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in Federal Realty Investment Trust by 2.8% in the fourth quarter. New Mexico Educational Retirement Board now owns 3,650 shares of the real estate investment trust’s stock valued at $368,000 after acquiring an additional 100 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in Federal Realty Investment Trust by 2.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 3,849 shares of the real estate investment trust’s stock valued at $388,000 after acquiring an additional 103 shares in the last quarter. Equitable Holdings Inc. boosted its stake in Federal Realty Investment Trust by 3.5% in the third quarter. Equitable Holdings Inc. now owns 3,114 shares of the real estate investment trust’s stock valued at $315,000 after acquiring an additional 105 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Federal Realty Investment Trust by 18.8% during the second quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $119.83 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. The firm has a fifty day moving average price of $109.92 and a 200 day moving average price of $104.59. The company has a market cap of $10.35 billion, a P/E ratio of 20.80, a PEG ratio of 4.53 and a beta of 0.92. Federal Realty Investment Trust has a 12 month low of $89.99 and a 12 month high of $120.20.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s dividend 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.