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

Federal Realty Investment Trust (NYSE:FRT) had its target price raised by JPMorgan Chase & Co. from $121.00 to $122.00 in a research note issued to investors on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the real estate investment trust’s stock.

FRT has been the topic of a number of other research reports. Scotiabank reduced their price objective on Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a research note on Friday, October 11th. 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 note on Friday, August 16th. Piper Sandler boosted their price objective on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Truist Financial boosted their price objective on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Finally, Mizuho boosted their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.85.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock opened at $113.54 on Tuesday. Federal Realty Investment Trust has a twelve month low of $90.84 and a twelve month high of $118.34. The stock has a market capitalization of $9.42 billion, a P/E ratio of 33.01, a PEG ratio of 2.15 and a beta of 1.24. 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 business’s fifty day moving average price is $113.58 and its 200 day moving average price is $108.61.

Federal Realty Investment Trust Announces Dividend

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 $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Insider Activity at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NBC Securities Inc. grew its holdings in shares of 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 purchasing an additional 107 shares during the last quarter. CWM LLC grew its holdings in shares of Federal Realty Investment Trust by 10.9% during the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 110 shares during the last quarter. PFG Investments LLC grew its holdings in shares of Federal Realty Investment Trust by 2.0% during the second quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock valued at $625,000 after purchasing an additional 124 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Federal Realty Investment Trust by 2.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock valued at $535,000 after purchasing an additional 143 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Federal Realty Investment Trust by 1.5% during the third quarter. M&T Bank Corp now owns 9,771 shares of the real estate investment trust’s stock valued at $1,123,000 after purchasing an additional 149 shares during the last quarter. 93.86% of the stock is owned by institutional investors.

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.