Today, Federal Realty Investment Trust (FRT) Receives $159.78 Consensus Target Price from Analysts

Today, Federal Realty Investment Trust (FRT) Receives $159.78 Consensus Target Price from Analysts

Federal Realty Investment Trust (NYSE:FRT) has been assigned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $159.78.

A number of equities research analysts have issued reports on FRT shares. Boenning Scattergood downgraded shares of Federal Realty Investment Trust from an “outperform” rating to a “neutral” rating in a research report on Monday, October 3rd. Zacks Investment Research downgraded shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Monday, October 24th. BTIG Research started coverage on shares of Federal Realty Investment Trust in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. Jefferies Group cut their target price on shares of Federal Realty Investment Trust from $173.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, August 23rd. Finally, Royal Bank Of Canada increased their price target on shares of Federal Realty Investment Trust from $130.00 to $140.00 and gave the stock an “underperform” rating in a research note on Monday, August 8th.

Shares of Federal Realty Investment Trust (NYSE:FRT) opened at 140.98 on Wednesday. The company’s 50 day moving average price is $142.70 and its 200-day moving average price is $155.00. Federal Realty Investment Trust has a 52 week low of $134.39 and a 52 week high of $171.08. The company has a market capitalization of $10.12 billion, a price-to-earnings ratio of 38.34 and a beta of 0.36.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, November 2nd. The real estate investment trust reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by $0.01. Federal Realty Investment Trust had a return on equity of 10.87% and a net margin of 32.89%. The company earned $201.20 million during the quarter, compared to analysts’ expectations of $200.07 million. During the same quarter in the previous year, the company earned $1.36 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Federal Realty Investment Trust will post $5.60 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of FRT. D.A. Davidson & CO. raised its position in Federal Realty Investment Trust by 10.8% in the third quarter. D.A. Davidson & CO. now owns 2,673 shares of the real estate investment trust’s stock worth $409,000 after buying an additional 260 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Federal Realty Investment Trust by 149.3% in the third quarter. Ameritas Investment Partners Inc. now owns 3,495 shares of the real estate investment trust’s stock worth $538,000 after buying an additional 2,093 shares during the last quarter. Phocas Financial Corp. raised its position in Federal Realty Investment Trust by 35.8% in the third quarter. Phocas Financial Corp. now owns 2,655 shares of the real estate investment trust’s stock worth $409,000 after buying an additional 700 shares during the last quarter. Verition Fund Management LLC purchased a new position in Federal Realty Investment Trust during the third quarter worth about $1,004,000. Finally, Candriam Luxembourg S.C.A. raised its position in Federal Realty Investment Trust by 139.7% in the third quarter. Candriam Luxembourg S.C.A. now owns 8,652 shares of the real estate investment trust’s stock worth $1,332,000 after buying an additional 5,042 shares during the last quarter. Institutional investors and hedge funds own 91.61% of the company’s stock.

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