Traders bought shares of Federal Realty Investment Trust (NYSE:FRT) on weakness during trading on Monday. $57.12 million flowed into the stock on the tick-up and $12.01 million flowed out of the stock on the tick-down, for a money net flow of $45.11 million into the stock. Of all equities tracked, Federal Realty Investment Trust had the 15th highest net in-flow for the day. Federal Realty Investment Trust traded down ($0.18) for the day and closed at $132.63
A number of equities analysts have recently commented on FRT shares. Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a research note on Thursday, April 27th. Citigroup Inc. restated a “buy” rating and set a $156.00 price objective (down from $160.00) on shares of Federal Realty Investment Trust in a research note on Sunday, June 11th. BidaskClub upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Bank of America Corporation upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $140.00 to $146.00 in a research note on Friday, July 21st. Finally, Jefferies Group LLC restated a “hold” rating and set a $136.00 price objective on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. Federal Realty Investment Trust has an average rating of “Buy” and an average price target of $151.00.
The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 38.24 and a beta of 0.29. The stock’s 50 day moving average is $129.26 and its 200 day moving average is $132.10.
Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data 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. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The company had revenue of $208 million during the quarter, compared to analysts’ expectations of $208.33 million. During the same quarter in the prior year, the company earned $1.42 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. Analysts predict that Federal Realty Investment Trust will post $3.26 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be paid a $1.00 dividend. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date is Thursday, September 21st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.03%. Federal Realty Investment Trust’s dividend payout ratio is 113.62%.
Several large investors have recently made changes to their positions in FRT. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of Federal Realty Investment Trust during the first quarter worth about $126,000. Alexandria Capital LLC boosted its stake in shares of Federal Realty Investment Trust by 1.4% in the first quarter. Alexandria Capital LLC now owns 1,187 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 16 shares during the period. Global X Management Co. LLC boosted its stake in shares of Federal Realty Investment Trust by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 292 shares during the period. IFP Advisors Inc boosted its stake in shares of Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 4 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of Federal Realty Investment Trust by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 55 shares during the period. 94.84% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “Investors Buy Shares of Federal Realty Investment Trust (FRT) on Weakness” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://stocknewstimes.com/2017/08/10/traders-buy-shares-of-federal-realty-investment-trust-frt-on-weakness-updated.html.
About Federal Realty Investment Trust
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.
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.
