Federal Realty Investment Trust Reaches New 1-Year High at $125.04 (FRT)
Federal Realty Investment Trust (NYSE:FRT) shares hit a new 52-week high during mid-day trading on Tuesday , Stock Ratings News reports. The company traded as high as $125.04 and last traded at $125.00, with a volume of 208,631 shares changing hands. The stock had previously closed at $124.33.
FRT has been the subject of a number of recent research reports. Analysts at Jefferies Group downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $129.00 price target on the stock, up previously from $122.00. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $116.75.
The stock has a 50-day moving average of $122.9 and a 200-day moving average of $117.2. The company has a market cap of $8.473 billion and a P/E ratio of 48.25.
Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, August 7th. The company reported $1.23 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue 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 announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Thursday, September 18th. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.78.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.