Mizuho upgraded shares of Federal Realty Investment Trust (NYSE:FRT – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.
Several other analysts have also weighed in on the stock. Piper Sandler reiterated an “overweight” rating on shares of Federal Realty Investment Trust in a research note on Tuesday, May 26th. Wells Fargo & Company boosted their target price on shares of Federal Realty Investment Trust from $120.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Evercore set a $110.00 target price on shares of Federal Realty Investment Trust in a research note on Monday, May 4th. Barclays boosted their target price on shares of Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Finally, Bank of America boosted their target price on shares of Federal Realty Investment Trust from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of $122.79.
Check Out Our Latest Report on Federal Realty Investment Trust
Federal Realty Investment Trust Stock Down 0.7%
Federal Realty Investment Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 yield of 3.8%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 78.47%.
Hedge Funds Weigh In On Federal Realty Investment Trust
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in Federal Realty Investment Trust by 90.2% in the 1st quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust’s stock valued at $54,114,000 after buying an additional 241,684 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Federal Realty Investment Trust by 2.5% in the 1st quarter. Janus Henderson Group PLC now owns 413,167 shares of the real estate investment trust’s stock valued at $43,918,000 after acquiring an additional 10,095 shares during the last quarter. Bull Harbor Capital LLC acquired a new stake in Federal Realty Investment Trust in the 1st quarter valued at about $804,000. Amundi grew its stake in shares of Federal Realty Investment Trust by 6.4% in the 1st quarter. Amundi now owns 168,901 shares of the real estate investment trust’s stock worth $17,939,000 after purchasing an additional 10,102 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Federal Realty Investment Trust by 18.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,756 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 436 shares during the last quarter. Institutional investors 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.
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