Federal Realty Investment Trust (NYSE:FRT) Lowered to “Neutral” at Mizuho

Mizuho lowered shares of Federal Realty Investment Trust (NYSE:FRT) from a buy rating to a neutral rating in a research report released on Monday morning, MarketBeat.com reports. Mizuho currently has $101.00 target price on the real estate investment trust’s stock, down from their previous target price of $105.00.

A number of other analysts have also recently issued reports on FRT. Piper Sandler raised Federal Realty Investment Trust from a neutral rating to an overweight rating and set a $111.00 price objective for the company in a research report on Thursday, June 29th. They noted that the move was a valuation call. Wells Fargo & Company boosted their price target on Federal Realty Investment Trust from $93.00 to $103.00 and gave the stock an equal weight rating in a research report on Friday, August 11th. Bank of America reduced their price target on Federal Realty Investment Trust from $125.00 to $124.00 and set a buy rating for the company in a research report on Tuesday, August 22nd. Raymond James cut Federal Realty Investment Trust from a strong-buy rating to an outperform rating and reduced their price target for the stock from $115.00 to $104.00 in a research report on Tuesday, September 5th. Finally, StockNews.com assumed coverage on Federal Realty Investment Trust in a research report on Thursday, August 17th. They issued a hold rating for the company. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of Hold and a consensus target price of $112.17.

Federal Realty Investment Trust Price Performance

FRT opened at $96.69 on Monday. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 2.28 and a beta of 1.22. Federal Realty Investment Trust has a 1 year low of $85.27 and a 1 year high of $115.08. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.60. The stock has a fifty day moving average price of $99.72 and a 200 day moving average price of $96.58.

Federal Realty Investment Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Thursday, September 21st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.08. This represents a $4.36 dividend on an annualized basis and a yield of 4.51%. Federal Realty Investment Trust’s dividend payout ratio is 92.70%.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of large investors have recently bought and sold shares of FRT. Brown Brothers Harriman & Co. boosted its position in Federal Realty Investment Trust by 237.0% in the 1st quarter. Brown Brothers Harriman & Co. now owns 337 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 237 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in Federal Realty Investment Trust in the 1st quarter valued at $42,000. Penserra Capital Management LLC bought a new position in Federal Realty Investment Trust in the 2nd quarter valued at $45,000. Sentry Investment Management LLC bought a new position in shares of Federal Realty Investment Trust in the 1st quarter worth $48,000. Finally, Parkside Financial Bank & Trust bought a new position in shares of Federal Realty Investment Trust in the 1st quarter worth $60,000. 87.92% of the stock is currently owned by institutional investors.

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.