Federal Realty Investment Trust (NYSE:FRT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Federal Realty Investment Trust (NYSE:FRT) had its price objective lifted by JPMorgan Chase & Co. from $121.00 to $122.00 in a report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

FRT has been the subject of several other reports. Raymond James boosted their price objective on Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Compass Point upped their target price on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Truist Financial upped their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Mizuho upped their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, Scotiabank cut their target price on Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.85.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $113.54 on Tuesday. 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 stock has a 50 day simple moving average of $113.58 and a 200-day simple moving average of $108.61. The company has a market cap of $9.42 billion, a PE ratio of 33.01, a P/E/G ratio of 2.15 and a beta of 1.24. Federal Realty Investment Trust has a 12-month low of $90.84 and a 12-month high of $118.34.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.88%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.

Insider Activity

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Trading of Federal Realty Investment Trust

Large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in Federal Realty Investment Trust by 6.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 309,103 shares of the real estate investment trust’s stock valued at $31,567,000 after purchasing an additional 19,453 shares during the period. Vident Advisory LLC raised its stake in Federal Realty Investment Trust by 107.9% during the 1st quarter. Vident Advisory LLC now owns 46,501 shares of the real estate investment trust’s stock valued at $4,749,000 after purchasing an additional 24,134 shares during the period. Entropy Technologies LP acquired a new stake in Federal Realty Investment Trust during the 1st quarter valued at $602,000. Gateway Investment Advisers LLC acquired a new stake in Federal Realty Investment Trust during the 2nd quarter valued at $5,865,000. Finally, Cetera Investment Advisers raised its stake in Federal Realty Investment Trust by 274.5% during the 1st quarter. Cetera Investment Advisers now owns 21,711 shares of the real estate investment trust’s stock valued at $2,217,000 after purchasing an additional 15,914 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.

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.