JPMorgan Chase & Co. Increases Federal Realty Investment Trust (NYSE:FRT) Price Target to $122.00

Federal Realty Investment Trust (NYSE:FRT - Free Report) had its target price boosted by JPMorgan Chase & Co. from $121.00 to $122.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust's stock.

Several other research analysts also recently commented on FRT. Evercore ISI raised their price objective on 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. Raymond James increased their price objective on shares of 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. Scotiabank dropped their target price on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a "sector outperform" rating for the company in a report on Friday, October 11th. Piper Sandler upped 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. Finally, Truist Financial upped their price target 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. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $122.85.

Federal Realty Investment Trust Stock Performance

Shares of FRT traded down $1.21 on Tuesday, reaching $113.65. The company's stock had a trading volume of 433,929 shares, compared to its average volume of 622,612. The stock's 50 day simple moving average is $113.70 and its two-hundred day simple moving average is $108.38. The stock has a market capitalization of $9.43 billion, a P/E ratio of 33.51, a PEG ratio of 2.16 and a beta of 1.24. Federal Realty Investment Trust has a 12-month low of $90.70 and a 12-month high of $118.34. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust's dividend payout ratio is currently 127.91%.

Insider Buying and Selling

In related news, CEO Donald C. Wood sold 5,937 shares of the company's stock in a transaction that occurred on 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 SEC, which is available at this link. In related news, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the sale, the chief executive officer now directly owns 6,637 shares of the company's stock, valued at approximately $771,020.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FRT. Algert Global LLC lifted its holdings in Federal Realty Investment Trust by 72.1% during the third quarter. Algert Global LLC now owns 44,828 shares of the real estate investment trust's stock valued at $5,154,000 after purchasing an additional 18,780 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Federal Realty Investment Trust by 47.0% during the third quarter. Cerity Partners LLC now owns 4,382 shares of the real estate investment trust's stock valued at $504,000 after acquiring an additional 1,401 shares during the last quarter. Meridian Wealth Management LLC purchased a new position in shares of Federal Realty Investment Trust in the third quarter valued at approximately $1,322,000. Citigroup Inc. boosted its stake in shares of Federal Realty Investment Trust by 65.7% in the third quarter. Citigroup Inc. now owns 240,048 shares of the real estate investment trust's stock worth $27,598,000 after acquiring an additional 95,185 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Federal Realty Investment Trust by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust's stock valued at $143,473,000 after purchasing an additional 42,209 shares during the last quarter. Hedge funds and other 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.