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

Federal Realty Investment Trust (NYSE:FRT) had its price objective hoisted by Scotiabank from $119.00 to $126.00 in a research report released on Monday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Piper Sandler upped their price target on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Truist Financial raised their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Evercore ISI increased their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.38.

Federal Realty Investment Trust Stock Up 1.4 %

FRT stock opened at $117.53 on Monday. The stock has a market cap of $9.75 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The firm’s 50-day simple moving average is $113.29 and its 200 day simple moving average is $109.30. Federal Realty Investment Trust has a fifty-two week low of $92.78 and a fifty-two week high of $118.34.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $1.10 per share. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 3.74%. Federal Realty Investment Trust’s payout ratio is 127.91%.

Insider Activity at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the completion of the sale, the chief executive officer now owns 6,637 shares of the company’s stock, valued at $771,020.29. The trade was a 82.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Trading of Federal Realty Investment Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. NBC Securities Inc. lifted its position in shares of Federal Realty Investment Trust by 81.7% during the 3rd 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. Family Firm Inc. bought a new position in Federal Realty Investment Trust during the second quarter valued at about $33,000. Blue Trust Inc. increased its stake in Federal Realty Investment Trust by 885.7% during the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 310 shares during the period. Brooklyn Investment Group bought a new position in Federal Realty Investment Trust during the third quarter valued at about $36,000. Finally, Rothschild Investment LLC bought a new position in Federal Realty Investment Trust during the second quarter valued at about $42,000. Institutional investors and hedge funds 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.