JPMorgan Chase & Co. Boosts Federal Realty Investment Trust (NYSE:FRT) Price Target to $122.00

Federal Realty Investment Trust (NYSE:FRT) had its price target boosted by JPMorgan Chase & Co. from $121.00 to $122.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Several other analysts also recently issued reports on FRT. Raymond James lifted their price target on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Mizuho boosted their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Truist Financial raised their price target 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. Wells Fargo & Company boosted their price objective on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, Scotiabank dropped their target price on Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a report on Friday, October 11th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $122.85.

Federal Realty Investment Trust Stock Down 1.1 %

FRT stock opened at $113.65 on Tuesday. The stock’s 50 day simple moving average is $113.68 and its 200 day simple moving average is $108.46. The company has a market cap of $9.43 billion, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24. 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 has a fifty-two week low of $90.70 and a fifty-two week high of $118.34.

Federal Realty Investment Trust Announces Dividend

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 paid a $1.10 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 annualized dividend and a yield of 3.87%. Federal Realty Investment Trust’s payout ratio is 127.91%.

Insider Buying and Selling at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the sale, the chief executive officer now directly owns 6,637 shares in the company, valued at approximately $771,020.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Federal Realty Investment Trust

Hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. lifted its holdings in shares of Federal Realty Investment Trust by 8.2% in the third quarter. Daiwa Securities Group Inc. now owns 32,616 shares of the real estate investment trust’s stock worth $3,750,000 after buying an additional 2,481 shares in the last quarter. Algert Global LLC grew its position in shares of Federal Realty Investment Trust by 72.1% during the 3rd quarter. Algert Global LLC now owns 44,828 shares of the real estate investment trust’s stock valued at $5,154,000 after purchasing an additional 18,780 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Federal Realty Investment Trust by 47.0% in the third quarter. Cerity Partners LLC now owns 4,382 shares of the real estate investment trust’s stock worth $504,000 after purchasing an additional 1,401 shares during the period. Meridian Wealth Management LLC purchased a new stake in shares of Federal Realty Investment Trust in the third quarter worth $1,322,000. Finally, Citigroup Inc. boosted its stake in Federal Realty Investment Trust by 65.7% during the third quarter. Citigroup Inc. now owns 240,048 shares of the real estate investment trust’s stock valued at $27,598,000 after buying an additional 95,185 shares during the period. 93.86% of the stock is currently owned by hedge funds and other 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.