Federal Realty Investment Trust (NYSE:FRT) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Federal Realty Investment Trust (NYSE:FRT – Get Free Report) shares crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $111.13 and traded as high as $111.91. Federal Realty Investment Trust shares last traded at $111.6110, with a volume of 1,391,085 shares.

Wall Street Analysts Forecast Growth

FRT has been the topic of a number of recent research reports. Barclays lowered their price objective on shares of Federal Realty Investment Trust from $123.00 to $118.00 and set an “equal weight” rating on the stock in a report on Monday, September 28th. Citigroup increased their target price on shares of Federal Realty Investment Trust from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Scotiabank decreased their target price on shares of Federal Realty Investment Trust from $128.00 to $126.00 and set a “sector outperform” rating for the company in a research report on Thursday, September 17th. Mizuho lowered their price target on shares of Federal Realty Investment Trust from $130.00 to $117.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Finally, Wells Fargo & Company lowered their price target on shares of Federal Realty Investment Trust from $126.00 to $119.00 and set an “overweight” rating on the stock in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $124.62.

Check Out Our Latest Research Report on FRT

Federal Realty Investment Trust Stock Up 3.1%

The firm has a market capitalization of $9.64 billion, a P/E ratio of 22.55, a PEG ratio of 2.70 and a beta of 0.93. The firm’s 50 day moving average is $111.13 and its two-hundred day moving average is $112.88. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.70 and a quick ratio of 1.70.

Federal Realty Investment Trust (NYSE:FRT – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($0.88). The firm had revenue of $335.71 million for the quarter, compared to the consensus estimate of $331.92 million. Federal Realty Investment Trust had a return on equity of 13.65% and a net margin of 32.67%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $1.91 earnings per share. Research analysts predict that Federal Realty Investment Trust will post 7.54 EPS for the current year.

Insider Activity at Federal Realty Investment Trust

In other news, Director Nicole Lamb-Hale sold 1,500 shares of Federal Realty Investment Trust stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $108.89, for a total value of $163,335.00. Following the completion of the transaction, the director owned 4,613 shares of the company’s stock, valued at $502,309.57. This trade represents a 24.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Federal Realty Investment Trust during the third quarter worth approximately $3,867,000. BOKF NA raised its stake in Federal Realty Investment Trust by 1.2% in the third quarter. BOKF NA now owns 17,424 shares of the real estate investment trust’s stock valued at $1,887,000 after buying an additional 204 shares during the period. North Dakota State Investment Board raised its stake in Federal Realty Investment Trust by 3.7% in the third quarter. North Dakota State Investment Board now owns 2,623 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 93 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Federal Realty Investment Trust by 8.8% in the third quarter. Asset Management One Co. Ltd. now owns 134,729 shares of the real estate investment trust’s stock valued at $14,590,000 after buying an additional 10,858 shares during the last quarter. Finally, Pflug Koory LLC lifted its position in shares of Federal Realty Investment Trust by 122.9% in the third quarter. Pflug Koory LLC now owns 1,059 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 584 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

About Federal Realty Investment Trust

(Get Free Report)

Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates and redevelops high-quality retail and mixed-use properties. Its portfolio includes shopping centers, street retail, and mixed-use developments that combine retail, residential, office and hospitality uses.

The company focuses on densely populated, affluent communities and prominent locations in major metropolitan markets. Its properties are concentrated in regions including the Northeast, Mid-Atlantic, California and South Florida, and are leased to a broad range of retailers, restaurants, service providers and other commercial tenants.

Founded in 1962, Federal Realty has developed and managed properties designed to serve both local communities and national retailers.

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