Federal Realty Investment Trust (NYSE:FRT) received a $140.00 price target from equities researchers at Boenning Scattergood in a report issued on Friday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Boenning Scattergood’s price target would indicate a potential upside of 4.76% from the company’s previous close.

The analysts wrote, “We reiterate our Outperform rating on FRT shares as they should continue to provide safety and solid earnings growth in the current difficult retail environment.””

Other research analysts also recently issued research reports about the stock. Citigroup Inc. restated a “buy” rating and set a $156.00 price target (down previously from $160.00) on shares of Federal Realty Investment Trust in a report on Sunday, June 11th. Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a report on Thursday, April 27th. BidaskClub upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Bank of America Corporation upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $140.00 to $146.00 in a report on Friday, July 21st. Finally, Jefferies Group LLC restated a “hold” rating and set a $136.00 price target on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $151.00.

Shares of Federal Realty Investment Trust (FRT) traded up 0.50% during mid-day trading on Friday, reaching $133.64. The company had a trading volume of 409,154 shares. The stock has a market capitalization of $9.66 billion, a P/E ratio of 42.56 and a beta of 0.29. Federal Realty Investment Trust has a 52-week low of $120.50 and a 52-week high of $167.12. The company’s 50-day moving average is $128.10 and its 200 day moving average is $132.32.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The business had revenue of $208 million for the quarter, compared to the consensus estimate 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 for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.42 EPS. Analysts anticipate that Federal Realty Investment Trust will post $3.23 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in FRT. State Board of Administration of Florida Retirement System increased its position in shares of Federal Realty Investment Trust by 1.1% in the second 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 buying an additional 1,229 shares during the period. GW Henssler & Associates Ltd. purchased a new position in shares of Federal Realty Investment Trust during the second quarter valued at approximately $226,000. Comerica Bank increased its position in shares of Federal Realty Investment Trust by 2.8% in the second quarter. Comerica Bank now owns 37,381 shares of the real estate investment trust’s stock valued at $4,907,000 after buying an additional 1,015 shares during the period. Bank of New York Mellon Corp increased its position in shares of Federal Realty Investment Trust by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 732,740 shares of the real estate investment trust’s stock valued at $92,611,000 after buying an additional 23,272 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Federal Realty Investment Trust by 139.7% in the second quarter. SG Americas Securities LLC now owns 45,201 shares of the real estate investment trust’s stock valued at $5,713,000 after buying an additional 26,344 shares during the period. Hedge funds and other institutional investors own 93.71% 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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