Federal Realty Investment Trust (NYSE:FRT) Upgraded by StockNews.com to Hold Rating

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

Other research analysts have also recently issued research reports about the stock. Scotiabank raised their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.62.

Federal Realty Investment Trust Trading Up 1.3 %

Shares of FRT stock opened at $105.34 on Thursday. The firm has a fifty day moving average of $111.71 and a 200-day moving average of $111.75. The stock has a market cap of $8.74 billion, a price-to-earnings ratio of 30.62, a P/E/G ratio of 1.83 and a beta of 1.25. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week 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.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were issued a $1.10 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.18%. Federal Realty Investment Trust’s dividend payout ratio is 127.91%.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after purchasing an additional 168,885 shares in the last quarter. Geode Capital Management LLC boosted its position in Federal Realty Investment Trust by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,956,097 shares of the real estate investment trust’s stock valued at $224,565,000 after buying an additional 7,160 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Federal Realty Investment Trust by 2.2% in the 2nd quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust’s stock valued at $174,883,000 after buying an additional 36,880 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Federal Realty Investment Trust by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust’s stock valued at $143,473,000 after acquiring an additional 42,209 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Federal Realty Investment Trust by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust’s stock valued at $115,000,000 after acquiring an additional 8,933 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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.