Federal Realty Investment Trust (NYSE:FRT) Downgraded to Sell Rating by StockNews.com

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

Several other analysts have also recently issued reports on the stock. Evercore ISI increased their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. Compass Point lifted their price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, Scotiabank upped their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $123.62.

Federal Realty Investment Trust Trading Down 2.8 %

Shares of FRT opened at $101.66 on Wednesday. Federal Realty Investment Trust has a twelve month low of $95.97 and a twelve month high of $118.34. The stock has a market cap of $8.43 billion, a PE ratio of 29.55, a P/E/G ratio of 2.17 and a beta of 1.25. 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 business’s 50-day moving average price is $112.60 and its 200-day moving average price is $111.63.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid 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 4.33%. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. NBC Securities Inc. raised its holdings in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 107 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Federal Realty Investment Trust in the 3rd quarter worth $36,000. Eastern Bank purchased a new position in shares of Federal Realty Investment Trust in the third quarter worth $52,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Federal Realty Investment Trust by 2,475.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 594 shares in the last quarter. Finally, Y.D. More Investments Ltd purchased a new stake in shares of Federal Realty Investment Trust during the second quarter valued at $96,000. Institutional investors 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.