Federal Realty Investment Trust (NYSE:FRT) dropped 1.8% during trading on Thursday . The company traded as low as $159.29 and last traded at $159.29, with a volume of 132,853 shares changing hands. The stock had previously closed at $162.19.

FRT has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut shares of Federal Realty Investment Trust from a “sector perform” rating to an “underperform” rating and cut their price target for the company from $136.00 to $130.00 in a report on Friday, May 6th. Stifel Nicolaus cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating in a report on Friday, June 24th. Jefferies Group started coverage on shares of Federal Realty Investment Trust in a research report on Thursday, June 30th. They set a “hold” rating and a $160.00 price objective on the stock. Citigroup Inc. increased their price objective on shares of Federal Realty Investment Trust from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Deutsche Bank AG increased their price objective on shares of Federal Realty Investment Trust from $140.00 to $142.00 and gave the company a “hold” rating in a research report on Monday, July 18th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $154.00.

The stock has a 50 day moving average price of $165.45 and a 200 day moving average price of $156.22. The stock has a market capitalization of $11.44 billion and a PE ratio of 44.39.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.01. The firm earned $196.42 million during the quarter, compared to analysts’ expectations of $196.26 million. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 EPS. Equities analysts anticipate that Federal Realty Investment Trust will post $5.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Thursday, September 22nd will be given a $0.98 dividend. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.94. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.45%.

Several hedge funds and institutional investors have recently modified their holdings of the company. Stephens Inc. AR increased its position in shares of Federal Realty Investment Trust by 13.3% in the fourth quarter. Stephens Inc. AR now owns 19,703 shares of the real estate investment trust’s stock worth $2,879,000 after buying an additional 2,312 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter worth about $1,033,000. BNP Paribas Arbitrage SA increased its position in shares of Federal Realty Investment Trust by 377.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 9,465 shares of the real estate investment trust’s stock worth $1,383,000 after buying an additional 7,484 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of Federal Realty Investment Trust by 14.6% in the fourth quarter. BlackRock Advisors LLC now owns 137,910 shares of the real estate investment trust’s stock worth $20,149,000 after buying an additional 17,608 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Federal Realty Investment Trust by 21.0% in the fourth quarter. KBC Group NV now owns 22,877 shares of the real estate investment trust’s stock worth $3,343,000 after buying an additional 3,968 shares during the last quarter.

Federal Realty Investment Trust is an equity real estate investment trust (REIT) engaged in the ownership, management, and redevelopment of retail and mixed-use properties. The Trust owns or holds interests in community and neighborhood shopping centers and mixed-use properties, which are operated as approximately 90 retail real estate projects consisting approximately 21.4 million square feet, located primarily in the Northeast and Mid-Atlantic regions of the United States, as well as in California.

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