Federal Realty Investment Trust (NYSE:FRT) Rating Increased to Strong-Buy at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Federal Realty Investment Trust (NYSE:FRT) to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their price target on Federal Realty Investment Trust from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Evercore set a $122.00 price objective on Federal Realty Investment Trust in a research note on Tuesday, July 7th. Scotiabank upped their target price on 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. Citigroup raised their target price on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, UBS Group lifted their target price on Federal Realty Investment Trust from $118.00 to $127.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.62.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $126.07 on Thursday. The company has a market capitalization of $10.89 billion, a PE ratio of 21.89, a P/E/G ratio of 2.97 and a beta of 0.93. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51. Federal Realty Investment Trust has a twelve month low of $89.99 and a twelve month high of $126.86. The firm has a fifty day simple moving average of $121.97 and a 200 day simple moving average of $112.10.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is 78.47%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp increased its position in Federal Realty Investment Trust by 21.5% in the 1st quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 514 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Federal Realty Investment Trust by 43.1% in the first quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust’s stock worth $59,922,000 after acquiring an additional 184,557 shares in the last quarter. Empowered Funds LLC grew its stake in Federal Realty Investment Trust by 12.5% in the first quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 355 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Federal Realty Investment Trust in the second quarter valued at approximately $2,895,000. Finally, EverSource Wealth Advisors LLC increased its holdings 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 valued at $66,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

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.