Federal Realty Investment Trust (FRT) Given Daily Coverage Optimism Score of 0.25
News stories about Federal Realty Investment Trust (NYSE:FRT) have trended positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Federal Realty Investment Trust earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 47.3464571885135 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Federal Realty Investment Trust : FRT-US: Dividend Analysis : September 22nd, 2017 (record date) : By the numbers : October 10, 2017 (finance.yahoo.com)
- SHAREHOLDER ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Frontier Communications Corporation and Encourages Investors with Losses Over $100,000 to Contact the Firm (finance.yahoo.com)
- Federal Realty Investment Trust: This 5.00% Preferred Stock Started Trading On The NYSE (seekingalpha.com)
- Bethesda’s vacant City Sports storefront finally finds a taker (finance.yahoo.com)
FRT has been the subject of several recent research reports. Citigroup Inc. increased their price objective on Federal Realty Investment Trust from $147.00 to $148.00 and gave the stock a “buy” rating in a report on Monday, August 14th. BidaskClub upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Bank of America Corporation upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $140.00 to $146.00 in a report on Friday, July 21st. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $136.00 price objective on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $140.25.
Federal Realty Investment Trust (NYSE:FRT) opened at 127.82 on Thursday. The firm has a market capitalization of $9.24 billion, a P/E ratio of 37.02 and a beta of 0.30. Federal Realty Investment Trust has a 52-week low of $120.50 and a 52-week high of $149.38. The firm’s 50-day moving average is $126.68 and its 200 day moving average is $128.79.
Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. The firm had revenue of $208.00 million for the quarter, compared to analysts’ expectations of $208.33 million. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 EPS. Equities analysts anticipate that Federal Realty Investment Trust will post $3.31 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.13%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date is Thursday, September 21st. Federal Realty Investment Trust’s dividend payout ratio is presently 115.94%.
In other 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dawn M. Becker sold 21,814 shares of the company’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 completion of the sale, the executive vice president now directly owns 145,809 shares in the company, valued at $19,087,856.19. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,495 shares of company stock worth $7,538,395. 1.10% of the stock is owned by insiders.
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About Federal Realty Investment Trust
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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