Federal Realty Investment Trust (NYSE:FRT) Price Target Raised to $126.00 at Scotiabank

Federal Realty Investment Trust (NYSE:FRT) had its target price increased by Scotiabank from $119.00 to $126.00 in a research note published on Monday,Benzinga reports. The brokerage currently has a sector outperform rating on the real estate investment trust’s stock.

FRT has been the subject of several other research reports. Piper Sandler lifted their target price on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Compass Point upped their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Mizuho increased their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Finally, Evercore ISI lifted their price target on shares of 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. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.38.

Federal Realty Investment Trust Stock Up 1.0 %

Shares of NYSE:FRT opened at $115.98 on Monday. The stock has a 50-day simple moving average of $113.27 and a 200-day simple moving average of $109.05. Federal Realty Investment Trust has a 1 year low of $91.62 and a 1 year high of $118.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $9.62 billion, a P/E ratio of 33.72, a PEG ratio of 2.19 and a beta of 1.24.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a $1.10 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 3.79%. Federal Realty Investment Trust’s dividend payout ratio is 127.91%.

Insider Buying and Selling

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. grew its stake in shares of Federal Realty Investment Trust by 81.7% in the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 107 shares during the last quarter. CWM LLC increased its holdings in shares of Federal Realty Investment Trust by 10.9% during the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 110 shares in the last quarter. PFG Investments LLC raised its holdings in Federal Realty Investment Trust by 2.0% during the second quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock worth $625,000 after buying an additional 124 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 2.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock valued at $535,000 after purchasing an additional 143 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in Federal Realty Investment Trust by 1.5% during the 3rd quarter. M&T Bank Corp now owns 9,771 shares of the real estate investment trust’s stock valued at $1,123,000 after acquiring an additional 149 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

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.