Federal Realty Investment Trust (FRT) Upgraded to Buy by UBS

Federal Realty Investment Trust (NYSE:FRT) was upgraded by equities researchers at UBS from a “neutral” rating to a “buy” rating in a report released on Thursday, November 9th, www.benzinga.com reports. The brokerage presently has a $141.00 price target on the real estate investment trust’s stock, up from their previous price target of $131.00. UBS’s price objective indicates a potential upside of 7.54% from the stock’s previous close.

A number of other equities research analysts have also weighed in on FRT. Mizuho reiterated a “buy” rating and set a $142.00 target price on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. Boenning Scattergood reiterated a “buy” rating and set a $140.00 target price on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. BMO Capital Markets began coverage on shares of Federal Realty Investment Trust in a research note on Sunday, September 17th. They set an “outperform” rating and a $145.00 target price for the company. Jefferies Group decreased their target price on shares of Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, September 15th. Finally, Citigroup boosted their target price on shares of Federal Realty Investment Trust from $147.00 to $148.00 and gave the company a “buy” rating in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Federal Realty Investment Trust presently has a consensus rating of “Buy” and an average price target of $140.50.

Shares of Federal Realty Investment Trust (NYSE:FRT) opened at $131.12 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.23 and a quick ratio of 1.23. Federal Realty Investment Trust has a 12-month low of $119.37 and a 12-month high of $145.80. The company has a market capitalization of $9,570.38, a P/E ratio of 22.40, a PEG ratio of 3.72 and a beta of 0.31.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. Federal Realty Investment Trust had a return on equity of 13.28% and a net margin of 35.50%. The firm had revenue of $217.95 million for the quarter, compared to analysts’ expectations of $213.63 million. During the same period in the previous year, the firm posted $1.41 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. research analysts predict that Federal Realty Investment Trust will post 5.91 earnings per share for the current year.

In related news, insider Donald C. Wood sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $131.88, for a total value of $5,275,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dawn M. Becker sold 21,814 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the completion of the transaction, the executive vice president now directly owns 145,809 shares of the company’s stock, valued at approximately $19,087,856.19. The disclosure for this sale can be found here. Insiders sold a total of 102,342 shares of company stock valued at $13,452,421 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank boosted its holdings in shares of Federal Realty Investment Trust by 25.8% during the 2nd quarter. Toronto Dominion Bank now owns 24,471 shares of the real estate investment trust’s stock valued at $3,092,000 after purchasing an additional 5,013 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Federal Realty Investment Trust by 1.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 113,222 shares of the real estate investment trust’s stock valued at $14,310,000 after acquiring an additional 1,229 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Federal Realty Investment Trust by 173.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock valued at $296,548,000 after acquiring an additional 1,489,133 shares during the last quarter. Delta Lloyd Asset Management N.V. bought a new position in shares of Federal Realty Investment Trust in the 2nd quarter valued at about $12,495,000. Finally, PGGM Investments lifted its holdings in shares of Federal Realty Investment Trust by 4.8% in the 3rd quarter. PGGM Investments now owns 1,299,000 shares of the real estate investment trust’s stock valued at $161,349,000 after acquiring an additional 60,000 shares during the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

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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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