Federal Realty Investment Trust (NYSE:FRT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Federal Realty Investment Trust (NYSE:FRT) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $123.62.

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. Evercore ISI upped their price target on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Scotiabank lifted their price objective on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $122.00 to $125.00 in a research note on Friday, December 20th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. NBC Securities Inc. boosted its holdings in Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 107 shares during the period. Brooklyn Investment Group bought a new stake in Federal Realty Investment Trust during the 3rd quarter valued at approximately $36,000. Rothschild Investment LLC acquired a new stake in Federal Realty Investment Trust in the 2nd quarter valued at approximately $42,000. Eastern Bank bought a new position in Federal Realty Investment Trust in the 3rd quarter worth approximately $52,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Federal Realty Investment Trust by 2,475.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 594 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $104.52 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 30.38, a P/E/G ratio of 2.17 and a beta of 1.25. The business’s 50-day moving average is $112.92 and its 200-day moving average is $111.73. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

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.