Federal Realty Investment Trust (NYSE:FRT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $122.85.

Several analysts recently issued reports on FRT shares. Compass Point upped their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. upped their price target on Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a “neutral” rating in a research report on Tuesday. Evercore ISI lifted their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Mizuho boosted their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, Raymond James raised their target price on 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.

Federal Realty Investment Trust Trading Down 1.1 %

FRT stock opened at $113.65 on Wednesday. Federal Realty Investment Trust has a 12-month low of $90.70 and a 12-month high of $118.34. The business’s 50-day moving average is $113.68 and its 200 day moving average is $108.46. 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 has a market cap of $9.43 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 2.16 and a beta of 1.24.

Federal Realty Investment Trust Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 3.87%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.

Insiders Place Their Bets

In related news, CEO Donald C. Wood sold 5,937 shares of the firm’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total value of $3,519,021.64. Following the completion of the transaction, the chief executive officer now owns 6,637 shares in the company, valued at $771,020.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. NBC Securities Inc. boosted its stake in shares of Federal Realty Investment Trust by 81.7% in 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 during the period. Family Firm Inc. purchased a new position in Federal Realty Investment Trust in the second quarter worth approximately $33,000. Blue Trust Inc. grew its holdings in Federal Realty Investment Trust by 885.7% during the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 310 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Federal Realty Investment Trust in the 2nd quarter valued at approximately $42,000. Finally, Eastern Bank acquired a new stake in shares of Federal Realty Investment Trust in the 3rd quarter valued at $52,000. 93.86% of the stock is 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.