Analysts Set Federal Realty Investment Trust (NYSE:FRT) PT at $97.50

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Shares of Federal Realty Investment Trust (NYSE:FRT) have earned a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $97.50.

A number of brokerages have issued reports on FRT. BMO Capital Markets began coverage on Federal Realty Investment Trust in a research note on Tuesday, July 21st. They set a “hold” rating and a $89.00 price objective for the company. SunTrust Banks cut Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $90.00 to $78.00 in a research note on Tuesday, July 21st. Deutsche Bank lowered their price objective on Federal Realty Investment Trust from $97.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, July 27th. JPMorgan Chase & Co. cut Federal Realty Investment Trust from a “neutral” rating to an “underweight” rating and set a $84.00 price objective for the company. in a research note on Friday, August 28th. Finally, Stifel Nicolaus lowered their price objective on Federal Realty Investment Trust from $106.00 to $89.00 and set a “buy” rating for the company in a research note on Thursday, August 6th.

Several institutional investors and hedge funds have recently modified their holdings of FRT. Private Advisor Group LLC bought a new stake in shares of Federal Realty Investment Trust in the second quarter worth $40,000. Berman Capital Advisors LLC grew its holdings in shares of Federal Realty Investment Trust by 451.7% in the second quarter. Berman Capital Advisors LLC now owns 491 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 402 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of Federal Realty Investment Trust by 173.7% in the second quarter. Glenmede Trust Co. NA now owns 709 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 450 shares during the period. Ellis Investment Partners LLC bought a new stake in shares of Federal Realty Investment Trust in the second quarter worth $66,000. Finally, CSat Investment Advisory L.P. grew its holdings in shares of Federal Realty Investment Trust by 107.7% in the second quarter. CSat Investment Advisory L.P. now owns 939 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 487 shares during the period. 84.64% of the stock is owned by institutional investors.

Shares of FRT traded up $2.38 on Monday, reaching $78.43. The stock had a trading volume of 576,120 shares, compared to its average volume of 762,093. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 12.21 and a beta of 0.85. The company has a debt-to-equity ratio of 1.91, a quick ratio of 4.82 and a current ratio of 4.82. The company has a 50-day simple moving average of $79.24 and a 200-day simple moving average of $80.55. Federal Realty Investment Trust has a 12-month low of $64.11 and a 12-month high of $141.35.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($1.10). Federal Realty Investment Trust had a net margin of 31.57% and a return on equity of 11.47%. On average, analysts expect that Federal Realty Investment Trust will post 4.78 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 22nd will be paid a $1.06 dividend. The ex-dividend date is Monday, September 21st. This represents a $4.24 annualized dividend and a dividend yield of 5.41%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.05. Federal Realty Investment Trust’s payout ratio is currently 66.98%.

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

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