Federal Realty Investment Trust (FRT) Receives $135.00 Consensus Target Price from Analysts

Shares of Federal Realty Investment Trust (NYSE:FRT) have been given an average recommendation of “Buy” by the eighteen analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $135.00.

Several equities analysts recently commented on FRT shares. Deutsche Bank reduced their price target on Federal Realty Investment Trust from $146.00 to $135.00 and set a “hold” rating on the stock in a research report on Monday, March 19th. Sandler O’Neill set a $130.00 price target on Federal Realty Investment Trust and gave the stock a “buy” rating in a research report on Saturday, February 17th. Mizuho reissued a “buy” rating and set a $124.00 price target on shares of Federal Realty Investment Trust in a research report on Friday, February 23rd. Boenning Scattergood set a $140.00 price target on Federal Realty Investment Trust and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, Wells Fargo reduced their price target on Federal Realty Investment Trust from $151.00 to $144.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. They noted that the move was a valuation call.

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In other Federal Realty Investment Trust news, insider Donald C. Wood sold 30,000 shares of Federal Realty Investment Trust stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $117.76, for a total transaction of $3,532,800.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.



A number of hedge funds have recently bought and sold shares of the business. Elkfork Partners LLC purchased a new stake in Federal Realty Investment Trust during the 4th quarter worth approximately $459,000. Xact Kapitalforvaltning AB increased its holdings in Federal Realty Investment Trust by 17.8% during the 4th quarter. Xact Kapitalforvaltning AB now owns 6,591 shares of the real estate investment trust’s stock worth $875,000 after purchasing an additional 996 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Federal Realty Investment Trust by 3.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,480 shares of the real estate investment trust’s stock worth $1,658,000 after purchasing an additional 474 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Federal Realty Investment Trust by 8.6% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 32,466 shares of the real estate investment trust’s stock worth $4,312,000 after purchasing an additional 2,584 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of Federal Realty Investment Trust by 53.9% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,711 shares of the real estate investment trust’s stock valued at $493,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors own 97.75% of the company’s stock.

Shares of NYSE FRT traded down $2.50 during midday trading on Thursday, hitting $113.64. The stock had a trading volume of 330,020 shares, compared to its average volume of 508,916. The firm has a market capitalization of $8,528.42, a P/E ratio of 19.23, a P/E/G ratio of 3.15 and a beta of 0.25. Federal Realty Investment Trust has a 1-year low of $106.41 and a 1-year high of $137.66. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.30 and a quick ratio of 1.30.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.57. The business had revenue of $223.96 million for the quarter, compared to analyst estimates of $218.68 million. Federal Realty Investment Trust had a return on equity of 12.68% and a net margin of 33.81%. During the same period in the previous year, the company posted $0.80 EPS. equities research analysts expect that Federal Realty Investment Trust will post 6.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Wednesday, March 14th were issued a dividend of $1.00 per share. The ex-dividend date was Tuesday, March 13th. This represents a $4.00 annualized dividend and a yield of 3.52%. Federal Realty Investment Trust’s dividend payout ratio is presently 67.68%.

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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, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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

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