Deutsche Bank Reaffirms “Hold” Rating for Federal Realty Investment Trust (FRT)
Federal Realty Investment Trust (NYSE:FRT)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Wednesday. They currently have a $119.00 price target on the stock, up from their previous price target of $118.00. Deutsche Bank’s target price would indicate a potential downside of 4.89% from the company’s current price.
A number of other firms have also recently commented on FRT. 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 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 equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Federal Realty Investment Trust has a consensus rating of “Hold” and a consensus price target of $116.88.
Shares of Federal Realty Investment Trust (NYSE:FRT) traded up 0.46% on Wednesday, hitting $125.70. 114,769 shares of the company’s stock traded hands. Federal Realty Investment Trust has a one year low of $95.84 and a one year high of $125.17. The stock’s 50-day moving average is $122.9 and its 200-day moving average is $117.3. The company has a market cap of $8.512 billion and a price-to-earnings ratio of 48.55.
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. On average, analysts predict that Federal Realty Investment Trust will post $4.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders 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 2.78%. The ex-dividend date is Thursday, September 18th. This is a boost 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.
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