Shares of Federal Realty Investment Trust (NYSE:FRT – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings 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 price target among brokers that have issued a report on the stock in the last year is $123.62.
Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, December 31st. Compass Point increased their target price on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Scotiabank lifted their target price on 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. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $120.00 to $135.00 in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $122.00 to $125.00 in a report on Friday, December 20th.
Check Out Our Latest Research Report on FRT
Federal Realty Investment Trust Price Performance
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. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.13%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.
Institutional Investors Weigh In On Federal Realty Investment Trust
Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in Federal Realty Investment Trust by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after acquiring an additional 168,885 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Federal Realty Investment Trust by 8.7% during the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after purchasing an additional 7,501 shares during the period. Meridian Wealth Management LLC bought a new stake in shares of Federal Realty Investment Trust during the third quarter valued at about $1,322,000. Edgestream Partners L.P. bought a new stake in shares of Federal Realty Investment Trust during the second quarter valued at about $1,981,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Federal Realty Investment Trust by 2,190.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,153 shares of the real estate investment trust’s stock worth $520,000 after purchasing an additional 4,928 shares during the period. Institutional investors 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.
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