JPMorgan Chase & Co. Raises Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

JPMorgan Chase & Co. boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 3.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,885,992 shares of the real estate investment trust's stock after purchasing an additional 168,885 shares during the quarter. JPMorgan Chase & Co. owned approximately 5.89% of Federal Realty Investment Trust worth $561,743,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FRT. NBC Securities Inc. lifted its position in shares of Federal Realty Investment Trust by 81.7% during the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 107 shares in the last quarter. Brooklyn Investment Group acquired a new position in Federal Realty Investment Trust during the third quarter worth $36,000. Rothschild Investment LLC purchased a new position in Federal Realty Investment Trust during the second quarter valued at $42,000. Eastern Bank acquired a new stake in shares of Federal Realty Investment Trust in the third quarter valued at about $52,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Federal Realty Investment Trust by 2,475.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust's stock valued at $71,000 after purchasing an additional 594 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Trading Down 1.2 %

Federal Realty Investment Trust stock traded down $1.36 during midday trading on Friday, hitting $111.43. 383,297 shares of the stock were exchanged, compared to its average volume of 625,466. 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 stock's 50-day simple moving average is $113.51 and its 200 day simple moving average is $111.25. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 2.14 and a beta of 1.24.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $1.10 per share. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.95%. Federal Realty Investment Trust's dividend payout ratio is currently 127.91%.

Analysts Set New Price Targets

Several research analysts recently weighed in on FRT shares. StockNews.com downgraded shares of Federal Realty Investment Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Compass Point raised their target price on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. Scotiabank lifted their price target on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a "sector outperform" rating in a research note on Monday, November 25th. Citigroup raised Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and increased their price objective for the company from $120.00 to $135.00 in a research note 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 target price for the stock from $122.00 to $125.00 in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Federal Realty Investment Trust has an average rating of "Moderate Buy" and an average target price of $123.62.

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.