Federal Realty Investment Trust (NYSE:FRT) Receives $143.29 Average Price Target from Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT) have received an average recommendation of “Buy” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $143.29.

A number of equities analysts recently commented on FRT shares. Mizuho upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $146.00 target price for the company in a report on Friday, September 13th. Deutsche Bank upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $134.00 to $141.00 in a report on Thursday, September 5th. BMO Capital Markets restated a “buy” rating and set a $135.00 target price on shares of Federal Realty Investment Trust in a report on Monday, August 5th. Compass Point started coverage on Federal Realty Investment Trust in a report on Thursday, August 15th. They set a “buy” rating and a $142.00 target price for the company. Finally, ValuEngine downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

A number of hedge funds have recently modified their holdings of the stock. NumerixS Investment Technologies Inc purchased a new stake in shares of Federal Realty Investment Trust in the second quarter worth $39,000. Harvest Fund Management Co. Ltd grew its stake in shares of Federal Realty Investment Trust by 200.0% in the second quarter. Harvest Fund Management Co. Ltd now owns 300 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 200 shares during the last quarter. CSat Investment Advisory L.P. grew its stake in shares of Federal Realty Investment Trust by 54.0% in the second quarter. CSat Investment Advisory L.P. now owns 345 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 121 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in shares of Federal Realty Investment Trust in the third quarter worth $50,000. Finally, Ossiam purchased a new stake in shares of Federal Realty Investment Trust in the second quarter worth $48,000. 89.19% of the stock is currently owned by institutional investors.

Shares of Federal Realty Investment Trust stock traded up $1.68 during midday trading on Monday, reaching $139.72. 334,092 shares of the company’s stock traded hands, compared to its average volume of 414,835. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $10.32 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 4.47 and a beta of 0.45. The stock has a 50 day moving average of $135.20 and a 200-day moving average of $132.60. Federal Realty Investment Trust has a 12 month low of $115.09 and a 12 month high of $139.74.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. The company had revenue of $229.73 million during the quarter, compared to the consensus estimate of $232.00 million. Federal Realty Investment Trust had a return on equity of 11.13% and a net margin of 27.82%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 earnings per share. On average, equities analysts anticipate that Federal Realty Investment Trust will post 6.36 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 23rd were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.01%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. The ex-dividend date was Friday, September 20th. Federal Realty Investment Trust’s dividend payout ratio is presently 67.42%.

Federal Realty Investment Trust Company Profile

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

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