Federal Realty Investment Trust (NYSE:FRT) Upgraded by Jefferies Financial Group to “Strong-Buy” Rating

Jefferies Financial Group upgraded shares of Federal Realty Investment Trust (NYSE:FRT) to a strong-buy rating in a report released on Friday morning,Zacks.com reports.

Several other research firms have also commented on FRT. Weiss Ratings upgraded shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Friday, May 29th. JPMorgan Chase & Co. upped their target price on Federal Realty Investment Trust from $115.00 to $124.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Scotiabank increased their target price on Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Finally, Wells Fargo & Company raised their price target on Federal Realty Investment Trust from $120.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and an average target price of $123.21.

Federal Realty Investment Trust Stock Performance

NYSE:FRT opened at $125.19 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. The firm has a 50-day moving average price of $117.91 and a two-hundred day moving average price of $108.93. Federal Realty Investment Trust has a twelve month low of $89.99 and a twelve month high of $126.41. The company has a market capitalization of $10.81 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 2.97 and a beta of 0.94.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is currently 78.47%.

Institutional Trading of Federal Realty Investment Trust

Hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in Federal Realty Investment Trust by 21.5% in the 1st quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 514 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Federal Realty Investment Trust by 43.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust’s stock worth $59,922,000 after purchasing an additional 184,557 shares during the period. Empowered Funds LLC lifted its stake in shares of Federal Realty Investment Trust by 12.5% during the 1st quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock worth $310,000 after purchasing an additional 355 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Federal Realty Investment Trust during the second quarter worth $2,895,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Federal Realty Investment Trust by 18.8% during the second quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.