Federal Realty Investment Trust Given Average Recommendation of “Hold” by Brokerages (NYSE:FRT)
Shares of Federal Realty Investment Trust (NYSE:FRT) have earned a consensus rating of “Hold” from the eleven ratings firms that are covering the stock, American Banking News reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $116.75.
Shares of Federal Realty Investment Trust (NYSE:FRT) opened at 125.12 on Wednesday. Federal Realty Investment Trust has a 52 week low of $95.84 and a 52 week 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 $8.473 billion and a price-to-earnings ratio of 48.55.
Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.23 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.14 earnings per share. Federal Realty Investment Trust’s revenue was up 6.7% compared to the same quarter last year. 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.
Several analysts have recently commented on the stock. 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.
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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