Federal Realty Investment Trust (NYSE:FRT) Lowered to Sell Rating by StockNews.com

StockNews.com lowered shares of Federal Realty Investment Trust (NYSE:FRT) from a hold rating to a sell rating in a report published on Wednesday morning.

FRT has been the topic of a number of other reports. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $120.00 to $135.00 in a research note on Friday, September 13th. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Evercore ISI increased their price objective on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Scotiabank lifted their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Finally, Compass Point raised their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of $123.62.

Federal Realty Investment Trust Stock Down 0.4 %

Shares of Federal Realty Investment Trust stock opened at $104.52 on Wednesday. The company has a market cap of $8.67 billion, a P/E ratio of 30.38, a PEG ratio of 2.17 and a beta of 1.25. The firm has a fifty day moving average of $112.92 and a two-hundred day moving average of $111.73. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. Federal Realty Investment Trust has a one year low of $95.97 and a one year 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 given a $1.10 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 annualized dividend and a yield of 4.21%. Federal Realty Investment Trust’s dividend payout ratio is presently 127.91%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FRT. NBC Securities Inc. boosted its stake in Federal Realty Investment Trust by 81.7% during the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 107 shares in the last quarter. Brooklyn Investment Group bought a new stake in Federal Realty Investment Trust during the third quarter worth approximately $36,000. Eastern Bank acquired a new position in Federal Realty Investment Trust in the third quarter worth approximately $52,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Federal Realty Investment Trust by 2,475.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 594 shares in the last quarter. Finally, Y.D. More Investments Ltd bought a new stake in shares of Federal Realty Investment Trust during the 2nd quarter worth $96,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

About Federal Realty Investment Trust

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.