JPMorgan Chase & Co. Issues Positive Forecast for Federal Realty Investment Trust (NYSE:FRT) Stock Price

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

Other equities research analysts also recently issued reports about the stock. Scotiabank cut their price target on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a report on Friday, October 11th. Raymond James raised their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Truist Financial upped their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Wells Fargo & Company raised their price objective on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Finally, Evercore ISI boosted their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.85.

Federal Realty Investment Trust Price Performance

Shares of FRT traded up $0.30 during midday trading on Tuesday, reaching $113.67. The stock had a trading volume of 198,297 shares, compared to its average volume of 620,099. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $9.43 billion, a P/E ratio of 32.95, a P/E/G ratio of 2.15 and a beta of 1.24. The firm’s 50 day moving average price is $113.67 and its 200-day moving average price is $108.50. Federal Realty Investment Trust has a 52 week low of $90.84 and a 52 week high of $118.34.

Federal Realty Investment Trust Dividend Announcement

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

Insiders Place Their Bets

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction dated 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 is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Federal Realty Investment Trust

Large investors have recently made changes to their positions in the company. NBC Securities Inc. grew its position in Federal Realty Investment Trust by 81.7% in the third 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 in the last quarter. Family Firm Inc. bought a new stake in Federal Realty Investment Trust in the second quarter worth $33,000. Blue Trust Inc. increased its position 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 worth $35,000 after buying an additional 310 shares during the last quarter. 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 acquired a new stake in shares of Federal Realty Investment Trust in the second quarter worth about $42,000. 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.