Federal Realty Investment Trust (NYSE:FRT) Receives $123.38 Average Price Target from Analysts

Shares of Federal Realty Investment Trust (NYSE:FRT) have earned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $123.38.

Several equities analysts have recently weighed in on the company. Compass Point raised their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. raised their target price on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Truist Financial raised their target price on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Evercore ISI raised their target price 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. Finally, Raymond James raised their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 16th.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $113.48 on Friday. The stock has a market capitalization of $9.41 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 2.17 and a beta of 1.24. The business has a 50-day moving average of $113.40 and a 200-day moving average of $110.24. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 annualized dividend and a yield of 3.88%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several hedge funds have recently bought and sold shares of FRT. Janus Henderson Group PLC lifted its position in Federal Realty Investment Trust by 1,463.8% during the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock worth $70,251,000 after acquiring an additional 572,008 shares during the last quarter. Westwood Holdings Group Inc. lifted its position in Federal Realty Investment Trust by 571.1% during the second quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock worth $64,868,000 after acquiring an additional 546,711 shares during the last quarter. FMR LLC raised its position in shares of Federal Realty Investment Trust by 667.2% in the third quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock valued at $65,856,000 after buying an additional 498,146 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Federal Realty Investment Trust by 456.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock valued at $69,544,000 after buying an additional 496,129 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Federal Realty Investment Trust by 304.0% in the second quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock valued at $41,963,000 after buying an additional 312,726 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

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.