Federal Realty Investment Trust Downgraded by Jefferies Group (FRT)
Federal Realty Investment Trust (NYSE:FRT) was downgraded by Jefferies Group to a “hold” rating in a research note issued on Monday. They currently have a $129.00 price target on the stock, up from their previous price target of $122.00. Jefferies Group’s target price indicates a potential upside of 4.28% from the company’s current price.
Shares of Federal Realty Investment Trust (NYSE:FRT) opened at 123.70 on Monday. Federal Realty Investment Trust has a one year low of $95.84 and a one year high of $124.96. The stock’s 50-day moving average is $122.8 and its 200-day moving average is $117.0. The company has a market cap of $8.377 billion and a P/E ratio of 48.04.
Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, August 7th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.92. The company had revenue of $167.90 million for the quarter, compared to the consensus estimate of $277.99 million. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Analysts expect that Federal Realty Investment Trust will post $4.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Monday, September 22nd will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, September 18th. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.78.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Federal Realty Investment Trust from $105.00 to $111.00 in a research note on Monday, August 11th. They now have an “underperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Federal Realty Investment Trust in a research note on Thursday, July 17th. They now have a $118.00 price target on the stock, up previously from $113.00. Finally, analysts at ISI Group downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a research note on Monday, June 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Federal Realty Investment Trust presently has a consensus rating of “Hold” and a consensus price target of $116.75.
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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