Brokerages Set Federal Realty Investment Trust (FRT) PT at $140.43

Shares of Federal Realty Investment Trust (NYSE:FRT) have earned an average recommendation of “Buy” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $140.43.

A number of research analysts have issued reports on FRT shares. Citigroup Inc. restated a “buy” rating and issued a $156.00 target price (down from $160.00) on shares of Federal Realty Investment Trust in a report on Sunday, June 11th. Jefferies Group LLC restated a “hold” rating and issued a $136.00 target price on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. BidaskClub upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Boenning Scattergood set a $140.00 target price on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Evercore ISI lowered shares of Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 target price on the stock. in a report on Monday, August 14th.

COPYRIGHT VIOLATION NOTICE: “Brokerages Set Federal Realty Investment Trust (FRT) PT at $140.43” was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.truebluetribune.com/2017/09/17/brokerages-set-federal-realty-investment-trust-frt-pt-at-140-43.html.

Shares of Federal Realty Investment Trust (NYSE:FRT) traded up 1.00% during trading on Wednesday, reaching $128.20. 342,348 shares of the company’s stock were exchanged. Federal Realty Investment Trust has a 52 week low of $120.50 and a 52 week high of $160.89. The stock has a 50 day moving average price of $130.08 and a 200-day moving average price of $130.65. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 37.13 and a beta of 0.30.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.03. The company had revenue of $208 million for the quarter, compared to analyst estimates of $208.33 million. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. Analysts predict that Federal Realty Investment Trust will post $3.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be issued a dividend of $1.00 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. This represents a $4.00 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Thursday, September 21st. Federal Realty Investment Trust’s dividend payout ratio is presently 113.62%.

In other news, insider Donald C. Wood sold 2,772 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $133.06, for a total transaction of $368,842.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dawn M. Becker sold 2,281 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $133.05, for a total transaction of $303,487.05. Following the transaction, the executive vice president now owns 123,744 shares in the company, valued at $16,464,139.20. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brookfield Asset Management Inc. raised its position in shares of Federal Realty Investment Trust by 18.4% in the second quarter. Brookfield Asset Management Inc. now owns 903,707 shares of the real estate investment trust’s stock valued at $114,220,000 after buying an additional 140,607 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Federal Realty Investment Trust by 25.8% in the second quarter. Toronto Dominion Bank now owns 24,471 shares of the real estate investment trust’s stock valued at $3,092,000 after buying an additional 5,013 shares during the last quarter. Nomura Holdings Inc. raised its position in shares of Federal Realty Investment Trust by 0.6% in the second quarter. Nomura Holdings Inc. now owns 21,286 shares of the real estate investment trust’s stock valued at $2,693,000 after buying an additional 121 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Federal Realty Investment Trust during the second quarter valued at $404,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Federal Realty Investment Trust by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 77,475 shares of the real estate investment trust’s stock valued at $9,792,000 after buying an additional 2,575 shares during the last quarter. Institutional investors and hedge funds own 93.94% of the company’s stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

Analyst Recommendations for Federal Realty Investment Trust (NYSE:FRT)

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply