Federal Realty Investment Trust (NYSE:FRT) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, July 24th.
Several other equities research analysts also recently commented on FRT. Citigroup Inc. restated a “buy” rating and issued a $156.00 price target (down previously from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. Bank of America Corporation upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $140.00 to $146.00 in a research report on Friday, July 21st. Finally, Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Federal Realty Investment Trust currently has an average rating of “Buy” and a consensus target price of $144.88.
Federal Realty Investment Trust (FRT) opened at 126.96 on Monday. Federal Realty Investment Trust has a 12 month low of $120.50 and a 12 month high of $162.06. The company’s 50 day moving average price is $129.93 and its 200 day moving average price is $131.62. The firm has a market capitalization of $9.17 billion, a P/E ratio of 36.77 and a beta of 0.29.
Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.03. The firm had revenue of $208 million during the quarter, compared to analysts’ expectations of $208.33 million. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.42 earnings per share. Analysts anticipate that Federal Realty Investment Trust will post $3.36 EPS for the current year.
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In other Federal Realty Investment Trust news, insider Donald C. Wood sold 2,772 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $133.06, for a total value of $368,842.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dawn M. Becker sold 2,281 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $133.05, for a total transaction of $303,487.05. Following the completion of the sale, the executive vice president now owns 123,744 shares of the company’s stock, valued at approximately $16,464,139.20. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Franklin Parlapiano Turner & Welch LLC acquired a new position in Federal Realty Investment Trust during the first quarter worth $126,000. Alexandria Capital LLC increased its position in 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 in the last quarter. Global X Management Co. LLC increased its position in 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 in the last quarter. Advisor Group Inc. increased its position in Federal Realty Investment Trust by 27.4% in the second quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 297 shares in the last quarter. Finally, IFP Advisors Inc increased its position in 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 in the last quarter. Institutional investors own 94.63% of the company’s stock.
Federal Realty Investment Trust Company Profile
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.
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