Federal Realty Investment Trust (NYSE:FRT) Receives $124.20 Consensus Target Price from Analysts

Federal Realty Investment Trust (NYSE:FRT) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $125.9375.

A number of research analysts recently issued reports on FRT shares. Piper Sandler reiterated an “overweight” rating on shares of Federal Realty Investment Trust in a report on Tuesday, May 26th. Scotiabank upped their price target on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Wolfe Research started coverage on shares of Federal Realty Investment Trust in a research note on Wednesday. They set an “outperform” rating and a $143.00 price target for the company. UBS Group lifted their price objective on shares of Federal Realty Investment Trust from $118.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their target price on shares of Federal Realty Investment Trust from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th.

Institutional Trading of Federal Realty Investment Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Park Square Financial Group LLC bought a new position in Federal Realty Investment Trust in the fourth quarter valued at approximately $25,000. Turning Point Benefit Group Inc. raised its stake in shares of Federal Realty Investment Trust by 1,853.8% during the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 241 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of Federal Realty Investment Trust by 88.7% in the 4th 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 last quarter. Private Trust Co. NA boosted its holdings in shares of Federal Realty Investment Trust by 937.5% in the 4th 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 last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Federal Realty Investment Trust in the third quarter valued at $35,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Up 0.2%

FRT stock traded up $0.19 during trading hours on Monday, reaching $120.92. 400,564 shares of the stock were exchanged, compared to its average volume of 828,311. The firm’s 50-day moving average is $120.00 and its 200-day moving average is $110.49. Federal Realty Investment Trust has a 12 month low of $89.99 and a 12 month high of $126.41. The company has a market cap of $10.45 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.87 and a beta of 0.93. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 78.47%.

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.