Federal Realty Investment Trust (NYSE:FRT) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Federal Realty Investment Trust (NYSE:FRT) to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

Other equities analysts have also issued reports about the company. Citigroup raised their price target on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Jefferies Financial Group upgraded Federal Realty Investment Trust to a “strong-buy” rating in a research note on Friday, June 26th. Piper Sandler increased their price objective on Federal Realty Investment Trust from $127.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays raised their target price on Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Finally, Bank of America lifted their target price on Federal Realty Investment Trust from $128.00 to $131.00 and gave the company a “buy” rating in a report on Monday, June 29th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.62.

Federal Realty Investment Trust Stock Up 1.0%

Federal Realty Investment Trust stock opened at $126.07 on Thursday. The firm has a 50 day simple moving average of $121.97 and a 200 day simple moving average of $112.10. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. Federal Realty Investment Trust has a 1-year low of $89.99 and a 1-year high of $126.86. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 3.00 and a beta of 0.93.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 78.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Park Square Financial Group LLC purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth $25,000. Turning Point Benefit Group Inc. grew its position in Federal Realty Investment Trust by 1,853.8% during the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 241 shares in the last quarter. Private Trust Co. NA grew its position in Federal Realty Investment Trust by 937.5% during the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares in the last quarter. Advisory Services Network LLC bought a new position in Federal Realty Investment Trust in the 3rd quarter worth about $35,000. Finally, SJS Investment Consulting Inc. increased its stake in Federal Realty Investment Trust by 72.4% in the 1st quarter. SJS Investment Consulting Inc. now owns 362 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 152 shares during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.