Federal Realty Investment Trust (FRT) Coverage Initiated by Analysts at BMO Capital Markets

BMO Capital Markets initiated coverage on shares of Federal Realty Investment Trust (NYSE:FRT) in a report issued on Monday. The brokerage issued an outperform rating and a $145.00 price target on the real estate investment trust’s stock.

Several other brokerages have also issued reports on FRT. BidaskClub upgraded shares of Federal Realty Investment Trust from a sell rating to a hold rating in a report on Friday, June 16th. Boenning Scattergood set a $140.00 price objective on shares of Federal Realty Investment Trust and gave the company a buy rating in a report on Friday, August 4th. Bank of America Corporation upgraded shares of Federal Realty Investment Trust from a neutral rating to a buy rating and boosted their price objective for the company from $140.00 to $146.00 in a report on Friday, July 21st. Citigroup Inc. boosted their price objective on shares of Federal Realty Investment Trust from $147.00 to $148.00 and gave the company a buy rating in a report on Monday, August 14th. Finally, Jefferies Group LLC reiterated a hold rating and set a $136.00 price target on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $141.00.

Federal Realty Investment Trust (FRT) opened at 131.00 on Monday. Federal Realty Investment Trust has a 1-year low of $120.50 and a 1-year high of $160.15. The company has a 50-day moving average of $129.87 and a 200 day moving average of $129.97. The stock has a market cap of $9.47 billion, a P/E ratio of 37.94 and a beta of 0.30.

Federal Realty Investment Trust (NYSE:FRT) last issued 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 consensus estimate of $1.46 by $0.03. The firm had revenue of $208.00 million for the quarter, compared to analyst estimates of $208.33 million. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. Federal Realty Investment Trust’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.42 EPS. Analysts predict that Federal Realty Investment Trust will post $3.33 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, September 21st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. This represents a $4.00 dividend on an annualized basis and a yield of 3.05%. Federal Realty Investment Trust’s dividend payout ratio is 113.62%.

In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 21,814 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the sale, the executive vice president now directly owns 145,809 shares in the company, valued at $19,087,856.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dawn M. Becker sold 2,281 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $133.05, for a total transaction of $303,487.05. Following the sale, the executive vice president now owns 123,744 shares in the company, valued at $16,464,139.20. The disclosure for this sale can be found here. Insiders have sold 57,495 shares of company stock worth $7,538,395 over the last quarter. Insiders own 1.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FRT. Janney Montgomery Scott LLC purchased a new stake in shares of Federal Realty Investment Trust during the first quarter worth approximately $551,000. Oregon Public Employees Retirement Fund increased its stake in shares of Federal Realty Investment Trust by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 7,531 shares of the real estate investment trust’s stock worth $1,005,000 after buying an additional 135 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Federal Realty Investment Trust during the first quarter worth approximately $416,000. American Century Companies Inc. purchased a new stake in shares of Federal Realty Investment Trust during the first quarter worth approximately $19,105,000. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Federal Realty Investment Trust by 124.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 5,220 shares of the real estate investment trust’s stock worth $724,000 after buying an additional 2,898 shares during the period. Hedge funds and other institutional investors own 93.94% 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.

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

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