Federal Realty Investment Trust (NYSE:FRT) was upgraded by stock analysts at Capital One Financial from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday, The Fly reports.
FRT has been the subject of several other research reports. Mizuho lowered Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 price target for the company. in a research note on Thursday, March 7th. Citigroup lifted their price target on Federal Realty Investment Trust from $146.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, February 25th. Raymond James raised Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research note on Tuesday, May 28th. Deutsche Bank boosted their target price on Federal Realty Investment Trust from $133.00 to $134.00 and gave the company a “hold” rating in a research note on Wednesday, May 15th. Finally, Zacks Investment Research raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Federal Realty Investment Trust presently has a consensus rating of “Buy” and an average target price of $140.00.
Shares of FRT stock opened at $133.14 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 1.35. Federal Realty Investment Trust has a 12-month low of $115.09 and a 12-month high of $139.29. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 4.14 and a beta of 0.48.
Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.01. Federal Realty Investment Trust had a return on equity of 10.53% and a net margin of 26.11%. The firm had revenue of $232.23 million during the quarter, compared to analyst estimates of $235.09 million. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that Federal Realty Investment Trust will post 6.39 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zions Bancorporation N.A. purchased a new stake in Federal Realty Investment Trust during the 1st quarter valued at about $25,000. Quadrant Capital Group LLC boosted its holdings in Federal Realty Investment Trust by 694.1% in the 1st quarter. Quadrant Capital Group LLC now owns 270 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 236 shares during the last quarter. Pearl River Capital LLC acquired a new position in Federal Realty Investment Trust in the 4th quarter valued at about $100,000. Cullen Frost Bankers Inc. acquired a new position in Federal Realty Investment Trust in the 1st quarter valued at about $100,000. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in Federal Realty Investment Trust by 14.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 868 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 112 shares during the last quarter. 89.53% of the stock is owned by institutional investors.
About Federal Realty Investment Trust
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.
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