Federal Realty Investment Trust (NYSE:FRT) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a sell rating to a hold rating in a report released on Tuesday morning.

A number of other brokerages have also recently issued reports on FRT. Compass Point lifted 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 report on Tuesday, September 10th. Evercore ISI raised their price target on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their price target for the company from $122.00 to $125.00 in a research report on Friday, December 20th. Scotiabank raised their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Finally, Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $120.00 to $135.00 in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.62.

Federal Realty Investment Trust Stock Up 0.9 %

Shares of NYSE FRT opened at $111.95 on Tuesday. The stock has a market capitalization of $9.29 billion, a P/E ratio of 32.54, a P/E/G ratio of 2.14 and a beta of 1.24. The company has a 50-day moving average price of $113.42 and a 200-day moving average price of $111.46. Federal Realty Investment Trust has a 1 year low of $95.97 and a 1 year 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 127.91%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several hedge funds have recently bought and sold shares of FRT. JPMorgan Chase & Co. grew its stake 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 worth $561,743,000 after buying an additional 168,885 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock worth $10,727,000 after acquiring an additional 7,501 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Federal Realty Investment Trust in the 3rd quarter worth approximately $1,322,000. Edgestream Partners L.P. bought a new stake in shares of Federal Realty Investment Trust in the 2nd quarter worth approximately $1,981,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Federal Realty Investment Trust by 2,190.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,153 shares of the real estate investment trust’s stock worth $520,000 after acquiring an additional 4,928 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.