Federal Realty Investment Trust (NYSE:FRT) Now Covered by Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Federal Realty Investment Trust (NYSE:FRT – Get Rating) in a research note issued to investors on Tuesday, The Fly reports. The firm issued an equal weight rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently issued reports on FRT. StockNews.com began coverage on Federal Realty Investment Trust in a report on Thursday, May 18th. They set a hold rating on the stock. Mizuho cut their price target on Federal Realty Investment Trust from $115.00 to $113.00 and set a buy rating on the stock in a report on Wednesday, March 1st. Truist Financial cut their price target on Federal Realty Investment Trust from $117.00 to $110.00 in a report on Monday, May 15th. Piper Sandler cut their price target on Federal Realty Investment Trust from $118.00 to $111.00 and set a neutral rating on the stock in a report on Wednesday, April 5th. Finally, Compass Point upgraded Federal Realty Investment Trust from a neutral rating to a buy rating and set a $125.00 price target on the stock in a report on Monday, January 30th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of Hold and a consensus price target of $115.54.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $89.38 on Tuesday. The business’s 50 day simple moving average is $94.83 and its 200 day simple moving average is $102.54. Federal Realty Investment Trust has a one year low of $86.43 and a one year high of $116.05. The stock has a market capitalization of $7.29 billion, a PE ratio of 19.06, a PEG ratio of 2.14 and a beta of 1.19. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.58 and a quick ratio of 1.58.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Thursday, June 22nd will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Wednesday, June 21st. Federal Realty Investment Trust’s payout ratio is currently 92.11%.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors and hedge funds have recently bought and sold shares of FRT. Vanguard Group Inc. increased its position in shares of Federal Realty Investment Trust by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 12,604,385 shares of the real estate investment trust’s stock valued at $1,135,908,000 after purchasing an additional 368,995 shares during the last quarter. State Street Corp increased its position in shares of Federal Realty Investment Trust by 13.4% during the 3rd quarter. State Street Corp now owns 9,600,162 shares of the real estate investment trust’s stock valued at $875,143,000 after purchasing an additional 1,136,033 shares during the last quarter. BlackRock Inc. increased its position in shares of Federal Realty Investment Trust by 2.8% during the 1st quarter. BlackRock Inc. now owns 7,817,317 shares of the real estate investment trust’s stock valued at $772,585,000 after purchasing an additional 210,347 shares during the last quarter. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust during the 4th quarter valued at $728,764,000. Finally, JPMorgan Chase & Co. increased its position in shares of Federal Realty Investment Trust by 34.9% during the 4th quarter. JPMorgan Chase & Co. now owns 4,514,119 shares of the real estate investment trust’s stock valued at $456,107,000 after purchasing an additional 1,167,535 shares during the last quarter. 86.20% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Company Profile

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Federal Realty Investment Trust is an equity real estate investment trust. It engages in ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.