Federal Realty Investment Trust (FRT) Downgraded by Boenning Scattergood
A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded Federal Realty Investment Trust from a sell rating to a hold rating in a report on Wednesday, September 7th. Mizuho upgraded Federal Realty Investment Trust from a neutral rating to a buy rating and boosted their price target for the company from $162.00 to $176.00 in a report on Monday, August 29th. BTIG Research began coverage on Federal Realty Investment Trust in a report on Thursday, August 25th. They set a neutral rating on the stock. Jefferies Group reduced their price target on Federal Realty Investment Trust from $173.00 to $170.00 and set a hold rating on the stock in a report on Tuesday, August 23rd. Finally, Deutsche Bank AG boosted their price target on Federal Realty Investment Trust from $142.00 to $153.00 and gave the company a hold rating in a report on Wednesday, August 17th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. Federal Realty Investment Trust currently has a consensus rating of Hold and an average target price of $160.80.
Federal Realty Investment Trust (NYSE:FRT) opened at 144.74 on Monday. Federal Realty Investment Trust has a 52-week low of $139.23 and a 52-week high of $171.08. The company has a market capitalization of $10.34 billion, a P/E ratio of 40.11 and a beta of 0.38. The firm has a 50-day moving average price of $156.74 and a 200 day moving average price of $158.13.
Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.01. Federal Realty Investment Trust had a return on equity of 11.21% and a net margin of 32.72%. The company had revenue of $196.42 million for the quarter, compared to the consensus estimate of $196.26 million. During the same quarter in the previous year, the business earned $1.33 EPS. Federal Realty Investment Trust’s revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that Federal Realty Investment Trust will post $5.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Thursday, September 22nd will be paid a $0.98 dividend. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $3.92 annualized dividend and a dividend yield of 2.71%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.94. Federal Realty Investment Trust’s dividend payout ratio is presently 108.89%.
Several hedge funds have recently bought and sold shares of the company. Advisor Group Inc. acquired a new position in Federal Realty Investment Trust during the second quarter valued at about $113,000. Global X Management Co. LLC boosted its position in Federal Realty Investment Trust by 83.9% in the second quarter. Global X Management Co. LLC now owns 756 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 345 shares during the period. Invictus RG acquired a new position in Federal Realty Investment Trust during the first quarter valued at about $147,000. Glenmede Trust Co. NA boosted its position in Federal Realty Investment Trust by 4.2% in the second quarter. Glenmede Trust Co. NA now owns 1,068 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 43 shares during the period. Finally, Iowa State Bank acquired a new position in Federal Realty Investment Trust during the second quarter valued at about $199,000. Institutional investors own 91.25% of the company’s stock.
About Federal Realty Investment Trust
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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