Federal Realty Investment Trust (NYSE:FRT) had its price target cut by Jefferies Group LLC from $136.00 to $130.00 in a report issued on Friday. The firm currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Group LLC’s price target would indicate a potential downside of 0.76% from the company’s current price.

A number of other brokerages also recently issued reports on FRT. BidaskClub upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Boenning Scattergood set a $140.00 price target on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a report on Friday, August 4th. Bank of America Corporation upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $140.00 to $146.00 in a report on Friday, July 21st. Citigroup Inc. increased their price target on shares of Federal Realty Investment Trust from $147.00 to $148.00 and gave the company a “buy” rating in a report on Monday, August 14th. Finally, Evercore ISI downgraded shares of Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price target for the company. in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $140.25.

Shares of Federal Realty Investment Trust (NYSE:FRT) traded down 0.66% during mid-day trading on Friday, hitting $130.11. 309,597 shares of the stock traded hands. Federal Realty Investment Trust has a 12-month low of $120.50 and a 12-month high of $160.15. The firm’s 50 day moving average price is $129.87 and its 200 day moving average price is $129.97. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of 37.68 and a beta of 0.30.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results 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. The business had revenue of $208.00 million during 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%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.42 EPS. On average, equities research analysts predict that Federal Realty Investment Trust will post $3.33 EPS for the current fiscal year.

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In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 21,814 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the sale, the executive vice president now directly owns 145,809 shares of the company’s stock, valued at approximately $19,087,856.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald C. Wood sold 2,772 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $133.06, for a total transaction of $368,842.32. The disclosure for this sale can be found here. Insiders have sold a total of 57,495 shares of company stock worth $7,538,395 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of Federal Realty Investment Trust during the 1st quarter worth about $126,000. Global X Management Co. LLC boosted its stake in shares of Federal Realty Investment Trust by 30.6% during the 1st quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 292 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 27.4% during the 2nd quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 297 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Federal Realty Investment Trust by 3.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 55 shares during the last quarter. Finally, Northstar Wealth Partners LLC acquired a new stake in shares of Federal Realty Investment Trust during the 1st quarter worth about $221,000. 93.94% of the stock is currently owned by institutional investors.

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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