Truist Financial Cuts Federal Realty Investment Trust (NYSE:FRT) Price Target to $115.00

Federal Realty Investment Trust (NYSE:FRT) had its price objective trimmed by Truist Financial from $117.00 to $115.00 in a research note released on Monday morning, Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

A number of other analysts have also weighed in on FRT. Bank of America increased their target price on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a buy rating in a report on Friday, April 5th. Evercore ISI decreased their price target on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an outperform rating for the company in a research note on Friday, May 3rd. Mizuho decreased their price target on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a neutral rating for the company in a research note on Friday, February 23rd. Scotiabank increased their price target on shares of Federal Realty Investment Trust from $109.00 to $112.00 and gave the stock a sector outperform rating in a research note on Thursday, May 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a hold rating to a buy rating and increased their price target for the stock from $109.00 to $110.00 in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Federal Realty Investment Trust presently has a consensus rating of Moderate Buy and an average target price of $113.70.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $98.63 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59. The firm has a 50-day moving average of $101.09 and a 200-day moving average of $100.32. The firm has a market cap of $8.18 billion, a P/E ratio of 35.10, a P/E/G ratio of 2.02 and a beta of 1.20. Federal Realty Investment Trust has a 1-year low of $85.27 and a 1-year high of $107.61.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Friday, June 21st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 155.16%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in Federal Realty Investment Trust by 6.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,087 shares of the real estate investment trust’s stock worth $1,186,000 after purchasing an additional 819 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in Federal Realty Investment Trust by 8.5% in the third quarter. New Mexico Educational Retirement Board now owns 3,850 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 300 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Federal Realty Investment Trust by 9.0% in the third quarter. Daiwa Securities Group Inc. now owns 27,366 shares of the real estate investment trust’s stock worth $2,480,000 after purchasing an additional 2,269 shares during the last quarter. M&T Bank Corp boosted its holdings in Federal Realty Investment Trust by 2.6% in the third quarter. M&T Bank Corp now owns 11,121 shares of the real estate investment trust’s stock worth $1,008,000 after purchasing an additional 277 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Federal Realty Investment Trust by 2.9% in the third quarter. Nisa Investment Advisors LLC now owns 48,860 shares of the real estate investment trust’s stock worth $4,428,000 after purchasing an additional 1,387 shares during the last quarter. 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.