Federal Realty Investment Trust (NYSE:FRT) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

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

Federal Realty Investment Trust Trading Down 0.4 %

NYSE:FRT opened at $104.52 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $8.67 billion, a P/E ratio of 30.38, a P/E/G ratio of 2.17 and a beta of 1.25. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The stock’s 50 day moving average price is $112.92 and its 200 day moving average price is $111.73.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 127.91%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after purchasing an additional 168,885 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Federal Realty Investment Trust by 8.7% in the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after buying an additional 7,501 shares during the period. Meridian Wealth Management LLC acquired a new stake in shares of Federal Realty Investment Trust during the third quarter worth $1,322,000. Edgestream Partners L.P. acquired a new stake in shares of Federal Realty Investment Trust during the second quarter worth $1,981,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Federal Realty Investment Trust by 2,190.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,153 shares of the real estate investment trust’s stock worth $520,000 after purchasing an additional 4,928 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile

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.