Federal Realty Investment Trust Given “Hold” Rating at Citigroup Inc. (FRT)
Federal Realty Investment Trust (NYSE:FRT)‘s stock had its “hold” rating restated by Citigroup Inc. in a research note issued on Friday, AnalystRatingsNetwork.com reports. They currently have a $119.00 price objective on the stock, up from their previous price objective of $117.00. Citigroup Inc.’s target price points to a potential upside of 0.54% from the company’s current price.
Shares of Federal Realty Investment Trust (NYSE:FRT) traded up 0.02% on Friday, hitting $118.38. 51,968 shares of the company’s stock traded hands. Federal Realty Investment Trust has a one year low of $94.35 and a one year high of $120.62. The stock’s 50-day moving average is $116.0 and its 200-day moving average is $109.1. The company has a market cap of $7.886 billion and a price-to-earnings ratio of 47.27.
Federal Realty Investment Trust (NYSE:FRT) last released its earnings data on Thursday, May 8th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.19 by $0.02. The company had revenue of $170.80 million for the quarter, compared to the consensus estimate of $164.60 million. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts expect that Federal Realty Investment Trust will post $4.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, June 19th.
FRT has been the subject of a number of other recent research reports. Analysts at Imperial Capital raised their price target on shares of Federal Realty Investment Trust from $114.00 to $118.00 in a research note on Monday. They now have an “in-line” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Federal Realty Investment Trust from $120.00 to $125.00 in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Federal Realty Investment Trust in a research note on Friday, April 4th. They now have a $120.00 price target on the stock. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Federal Realty Investment Trust presently has an average rating of “Hold” and a consensus price target of $115.80.
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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