Federal Realty Investment Trust (FRT) Given Media Impact Rating of 0.17
Media coverage about Federal Realty Investment Trust (NYSE:FRT) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Federal Realty Investment Trust earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.457506505729 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Federal Realty Investment Trust (FRT) EVP Sells $303,487.05 in Stock (americanbankingnews.com)
- Federal Realty Investment Trust (FRT) Insider Sells $368,842.32 in Stock (americanbankingnews.com)
- Comparing Federal Realty Investment Trust (NYSE:FRT) & Armada Hoffler Properties (AHH) (americanbankingnews.com)
- The Newest Dividend King: Federal Realty Investment Trust (seekingalpha.com)
- Contrasting Vornado Realty Trust (VNO) & Federal Realty Investment Trust (NYSE:FRT) (americanbankingnews.com)
Several research firms recently weighed in on FRT. Bank of America Corporation raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $140.00 to $146.00 in a research note on Friday, July 21st. Boenning Scattergood set a $140.00 target price on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Friday, August 4th. BidaskClub upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Seaport Global Securities reiterated a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $136.00 price objective on shares of Federal Realty Investment Trust in a research report on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $152.38.
Federal Realty Investment Trust (NYSE FRT) traded down 2.00% during midday trading on Friday, hitting $129.40. 365,560 shares of the stock traded hands. The stock has a 50-day moving average of $129.66 and a 200 day moving average of $132.02. The firm has a market cap of $9.35 billion, a PE ratio of 37.47 and a beta of 0.29. Federal Realty Investment Trust has a 52-week low of $120.50 and a 52-week high of $162.06.
Federal Realty Investment Trust (NYSE:FRT) last announced 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 Zacks’ consensus estimate of $1.46 by $0.03. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The firm had revenue of $208 million during the quarter, compared to analyst estimates of $208.33 million. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Federal Realty Investment Trust’s quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts forecast that Federal Realty Investment Trust will post $3.28 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.09%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s dividend payout ratio is currently 113.62%.
In related news, insider Donald C. Wood sold 2,772 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $133.06, for a total value of $368,842.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dawn M. Becker sold 2,281 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $133.05, for a total transaction of $303,487.05. Following the completion of the sale, the executive vice president now directly owns 123,744 shares of the company’s stock, valued at approximately $16,464,139.20. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
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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.
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