Federal Realty Investment Trust (FRT) Rating Lowered to Sell at ValuEngine

ValuEngine cut shares of Federal Realty Investment Trust (NYSE:FRT) from a hold rating to a sell rating in a research note published on Monday.

Several other research analysts have also weighed in on FRT. JPMorgan Chase & Co. lowered their target price on shares of Federal Realty Investment Trust from $142.00 to $136.00 and set an overweight rating for the company in a research note on Monday, March 19th. Deutsche Bank lowered their target price on shares of Federal Realty Investment Trust from $146.00 to $135.00 and set a hold rating for the company in a research note on Monday, March 19th. SunTrust Banks reaffirmed a hold rating and set a $123.00 target price on shares of Federal Realty Investment Trust in a research note on Tuesday, April 3rd. BMO Capital Markets reaffirmed a buy rating and set a $142.00 target price on shares of Federal Realty Investment Trust in a research note on Wednesday, May 2nd. Finally, Boenning Scattergood set a $140.00 target price on shares of Federal Realty Investment Trust and gave the stock a buy rating in a research note on Friday, May 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $136.57.

Shares of Federal Realty Investment Trust opened at $126.28 on Monday, Marketbeat.com reports. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.51. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 3.37 and a beta of 0.25. Federal Realty Investment Trust has a 1-year low of $106.41 and a 1-year high of $135.59.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, May 2nd. The real estate investment trust reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.02. The company had revenue of $225.40 million during the quarter, compared to analyst estimates of $222.80 million. Federal Realty Investment Trust had a net margin of 33.70% and a return on equity of 12.70%. Federal Realty Investment Trust’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 earnings per share. equities research analysts anticipate that Federal Realty Investment Trust will post 6.18 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 22nd will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, June 21st. Federal Realty Investment Trust’s payout ratio is 67.68%.

In other news, insider Donald C. Wood sold 14,047 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $119.65, for a total value of $1,680,723.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 56,625 shares of company stock valued at $6,796,976. Insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Signition LP acquired a new stake in Federal Realty Investment Trust in the first quarter valued at approximately $207,000. Great Lakes Advisors LLC acquired a new stake in Federal Realty Investment Trust in the first quarter valued at approximately $234,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Federal Realty Investment Trust in the first quarter valued at approximately $269,000. Oppenheimer & Co. Inc. raised its holdings in Federal Realty Investment Trust by 53.0% in the first quarter. Oppenheimer & Co. Inc. now owns 2,531 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 877 shares in the last quarter. Finally, ING Groep NV acquired a new stake in Federal Realty Investment Trust in the first quarter valued at approximately $299,000. 93.33% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile

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.

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

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