Wells Fargo & Company Raises Federal Realty Investment Trust (NYSE:FRT) Price Target to $115.00

Federal Realty Investment Trust (NYSE:FRT) had its price objective lifted by Wells Fargo & Company from $112.00 to $115.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

Several other research analysts have also recently issued reports on the stock. Mizuho increased their price objective on shares of Federal Realty Investment Trust from $101.00 to $104.00 and gave the company a neutral rating in a report on Thursday, May 23rd. Evercore ISI dropped their price objective on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an outperform rating on the stock in a research note on Friday, May 3rd. Truist Financial dropped their price target on shares of Federal Realty Investment Trust from $117.00 to $115.00 and set a buy rating on the stock in a research note on Monday, May 20th. Scotiabank increased their price target on shares of Federal Realty Investment Trust from $109.00 to $112.00 and gave the stock a sector outperform rating in a research note on Thursday, May 16th. Finally, Bank of America increased their price target on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a buy rating in a research note on Friday, April 5th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust has an average rating of Moderate Buy and a consensus price target of $114.00.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $98.84 on Tuesday. Federal Realty Investment Trust has a fifty-two week low of $85.59 and a fifty-two week high of $107.61. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.59. The company has a market cap of $8.20 billion, a PE ratio of 35.17, a P/E/G ratio of 1.96 and a beta of 1.20. The firm has a 50-day simple moving average of $100.93 and a 200 day simple moving average of $100.51.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 21st will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Friday, June 21st. Federal Realty Investment Trust’s payout ratio is 155.16%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several institutional investors have recently added to or reduced their stakes in FRT. Anchor Investment Management LLC acquired a new stake in Federal Realty Investment Trust in the 4th quarter valued at about $28,000. Parkside Financial Bank & Trust boosted its stake in Federal Realty Investment Trust by 57.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 421 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 154 shares during the last quarter. Tidemark LLC bought a new position in Federal Realty Investment Trust in the fourth quarter valued at approximately $40,000. Quarry LP bought a new position in Federal Realty Investment Trust in the fourth quarter valued at approximately $50,000. Finally, Richardson Financial Services Inc. bought a new position in Federal Realty Investment Trust in the fourth quarter valued at approximately $51,000. 93.86% of the stock is owned by institutional investors.

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.