Federal Realty Investment Trust (NYSE:FRT – Get Rating)’s stock price hit a new 52-week low during mid-day trading on Thursday after Mizuho lowered their price target on the stock from $112.00 to $91.00. The company traded as low as $85.54 and last traded at $85.58, with a volume of 88996 shares trading hands. The stock had previously closed at $87.43.
Several other analysts have also commented on FRT. UBS Group raised their price objective on shares of Federal Realty Investment Trust from $107.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, February 9th. Barclays cut their price objective on shares of Federal Realty Investment Trust from $129.00 to $127.00 and set an “overweight” rating for the company in a research report on Wednesday, February 15th. Wells Fargo & Company started coverage on shares of Federal Realty Investment Trust in a research report on Tuesday. They set an “equal weight” rating and a $93.00 price objective for the company. Compass Point upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a research note on Monday, January 30th. Finally, Truist Financial decreased their price target on shares of Federal Realty Investment Trust from $117.00 to $110.00 in a research note on Monday, May 15th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $112.36.
Hedge Funds Weigh In On Federal Realty Investment Trust
Several hedge funds have recently added to or reduced their stakes in the company. Czech National Bank grew its stake in Federal Realty Investment Trust by 1.1% in the 4th quarter. Czech National Bank now owns 8,558 shares of the real estate investment trust’s stock worth $865,000 after acquiring an additional 97 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Federal Realty Investment Trust by 2.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 4,161 shares of the real estate investment trust’s stock worth $375,000 after buying an additional 101 shares during the last quarter. Creative Planning raised its holdings in shares of Federal Realty Investment Trust by 3.9% in the second quarter. Creative Planning now owns 2,840 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 106 shares during the last quarter. Peapack Gladstone Financial Corp raised its holdings in shares of Federal Realty Investment Trust by 0.6% in the first quarter. Peapack Gladstone Financial Corp now owns 21,697 shares of the real estate investment trust’s stock worth $2,144,000 after buying an additional 128 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of Federal Realty Investment Trust by 3.7% in the fourth quarter. Neuberger Berman Group LLC now owns 3,670 shares of the real estate investment trust’s stock worth $371,000 after acquiring an additional 132 shares during the period. 86.20% of the stock is currently owned by institutional investors.
Federal Realty Investment Trust Price Performance
The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 2.15 and a beta of 1.19. The stock’s 50 day moving average price is $94.45 and its two-hundred day moving average price is $102.32. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.57.
Federal Realty Investment Trust Dividend Announcement
The company 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 dividend of $1.08 per share. The ex-dividend date is Wednesday, June 21st. This represents a $4.32 annualized dividend and a yield of 5.03%. Federal Realty Investment Trust’s dividend payout ratio is presently 92.11%.
About Federal Realty Investment Trust
(Get Rating)
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.
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