Federal Realty Investment Trust (NYSE:FRT) Lowered to “Neutral” Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Federal Realty Investment Trust (NYSE:FRT) from an overweight rating to a neutral rating in a research report sent to investors on Monday, Marketbeat.com reports. They currently have $108.00 price target on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the company. Piper Sandler cut their target price on Federal Realty Investment Trust from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. Mizuho cut their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. BMO Capital Markets reiterated an “outperform” rating and set a $110.00 price target on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Finally, Wells Fargo & Company dropped their price target on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.54.

Federal Realty Investment Trust Stock Down 2.6%

Shares of NYSE:FRT opened at $93.77 on Monday. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 4.18 and a beta of 1.11. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.46. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. The business’s 50 day moving average is $95.25 and its 200 day moving average is $100.72.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.01. The company had revenue of $302.29 million for the quarter, compared to analysts’ expectations of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.97% and a net margin of 24.77%. Federal Realty Investment Trust’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.64 earnings per share. On average, sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.69%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 126.07%.

Institutional Trading of Federal Realty Investment Trust

Several hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC raised its stake in shares of Federal Realty Investment Trust by 1.1% in the first quarter. Voya Investment Management LLC now owns 22,959 shares of the real estate investment trust’s stock valued at $2,246,000 after buying an additional 254 shares during the period. Strs Ohio bought a new stake in shares of Federal Realty Investment Trust in the first quarter valued at $32,181,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Federal Realty Investment Trust by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 700,435 shares of the real estate investment trust’s stock valued at $68,517,000 after buying an additional 26,200 shares during the period. Empowered Funds LLC raised its stake in shares of Federal Realty Investment Trust by 12.5% in the first quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 355 shares during the period. Finally, MBB Public Markets I LLC bought a new stake in shares of Federal Realty Investment Trust in the first quarter valued at $318,000. 93.86% of the stock is currently owned by institutional investors.

About Federal Realty Investment Trust

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