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

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

Other equities analysts also recently issued reports about the company. Wells Fargo & Company cut their price objective on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Stifel Nicolaus cut their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Raymond James dropped their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their target price for the company from $122.00 to $125.00 in a report on Friday, December 20th. Finally, Scotiabank raised their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of $123.23.

Federal Realty Investment Trust Stock Down 0.2 %

FRT opened at $104.29 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The firm has a market cap of $8.94 billion, a P/E ratio of 30.40, a PEG ratio of 2.20 and a beta of 1.24. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The business’s fifty day simple moving average is $108.20 and its 200 day simple moving average is $111.87.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate of $1.73. The firm had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. As a group, equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.22%. Federal Realty Investment Trust’s payout ratio is 128.28%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Federal Realty Investment Trust by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after acquiring an additional 168,885 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock worth $10,727,000 after purchasing an additional 7,501 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Federal Realty Investment Trust in the 3rd quarter worth approximately $1,322,000. Vert Asset Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 12.3% in the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock worth $3,697,000 after purchasing an additional 3,617 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Federal Realty Investment Trust by 14.5% in the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds 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.