StockNews.com upgraded shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) from a sell rating to a hold rating in a research note released on Thursday morning.
Several other brokerages have also recently commented on FRT. Scotiabank boosted their price target 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. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $122.00 to $125.00 in a research report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $123.62.
Check Out Our Latest Stock Report on Federal Realty Investment Trust
Federal Realty Investment Trust Price Performance
NYSE FRT opened at $103.88 on Thursday. The firm's 50 day moving average is $111.88 and its 200-day moving average is $111.80. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $8.62 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34.
Federal Realty Investment Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were given a $1.10 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.24%. Federal Realty Investment Trust's payout ratio is 127.91%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in FRT. JPMorgan Chase & Co. boosted its position in Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust's stock worth $561,743,000 after purchasing an additional 168,885 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,956,097 shares of the real estate investment trust's stock worth $224,565,000 after buying an additional 7,160 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Federal Realty Investment Trust by 2.2% during the 2nd quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust's stock worth $174,883,000 after buying an additional 36,880 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 acquiring an additional 42,209 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Federal Realty Investment Trust by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust's stock worth $115,000,000 after acquiring an additional 8,933 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.
About Federal Realty Investment Trust
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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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