Federal Realty Investment Trust (NYSE:FRT) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a neutral rating to an overweight rating in a research report released on Thursday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has $114.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $107.00.

FRT has been the subject of a number of other reports. Wells Fargo & Company began coverage on Federal Realty Investment Trust in a research note on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price target for the company. Truist Financial raised their price target on Federal Realty Investment Trust from $105.00 to $109.00 and gave the company a “hold” rating in a report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, October 8th. Barclays reaffirmed an “equal weight” rating and set a $106.00 target price (down previously from $113.00) on shares of Federal Realty Investment Trust in a research note on Tuesday, November 18th. Finally, Evercore ISI lowered their price target on Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating for the company in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.30.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $101.75 on Thursday. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $113.13. The stock has a market cap of $8.78 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 3.73 and a beta of 1.01. The firm’s 50-day simple moving average is $97.98 and its two-hundred day simple moving average is $97.08. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.60 and a current ratio of 1.60.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.01. The firm had revenue of $321.97 million during the quarter, compared to analyst estimates of $318.73 million. Federal Realty Investment Trust had a return on equity of 11.12% and a net margin of 27.65%.Federal Realty Investment Trust’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 EPS. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. Analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a dividend of $1.13 per share. The ex-dividend date is Friday, January 2nd. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.4%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 114.72%.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently modified their holdings of the business. Hilltop National Bank purchased a new stake in shares of Federal Realty Investment Trust during the second quarter worth about $28,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Federal Realty Investment Trust during the first quarter valued at about $30,000. Spire Wealth Management raised its holdings in shares of Federal Realty Investment Trust by 365.3% in the 2nd quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 263 shares during the period. Advisory Services Network LLC acquired a new position in shares of Federal Realty Investment Trust in the third quarter worth $35,000. Finally, Quent Capital LLC purchased a new stake in shares of Federal Realty Investment Trust during the third quarter worth approximately $39,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.