Federal Realty Investment Trust Upgraded to Buy at Stifel Nicolaus (FRT)
Federal Realty Investment Trust (NYSE:FRT) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on FRT. Analysts at ISI Group upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, December 17th. They now have a $113.00 price target on the stock, up previously from $112.00. Separately, analysts at MLV Capital initiated coverage on shares of Federal Realty Investment Trust in a research note to investors on Tuesday, November 19th. They set a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Federal Realty Investment Trust to $120.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $110.13.
Shares of Federal Realty Investment Trust (NYSE:FRT) opened at 101.93 on Monday. Federal Realty Investment Trust has a 1-year low of $94.35 and a 1-year high of $118.52. The stock’s 50-day moving average is $103. and its 200-day moving average is $103.0. The company has a market cap of $6.630 billion and a P/E ratio of 38.51.
Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Friday, November 1st. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.15 by $0.01. The company had revenue of $159.03 million for the quarter, compared to the consensus estimate of $158.00 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts expect that Federal Realty Investment Trust will post $4.57 EPS for the current fiscal year.
Federal Realty Investment Trust (NYSE:FRT) is an equity real estate investment trust (REIT) specializing in the ownership, management, and redevelopment of retail and mixed-use properties located in metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California.
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