Federal Realty Investment Trust Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:FRT)
Federal Realty Investment Trust (NYSE:FRT) has been given an average rating of “Hold” by the eleven analysts that are currently covering the stock, AR Network reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $116.88.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Federal Realty Investment Trust in a research note on Wednesday. They now have a $119.00 price target on the stock, up previously from $118.00. Separately, 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, August 18th. They now have a $129.00 price target on the stock, up previously from $122.00. Finally, 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.
Federal Realty Investment Trust (NYSE:FRT) opened at 124.61 on Wednesday. Federal Realty Investment Trust has a 1-year low of $95.84 and a 1-year high of $126.40. The stock has a 50-day moving average of $123.3 and a 200-day moving average of $117.6. The company has a market cap of $8.438 billion and a price-to-earnings ratio of 48.72.
Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly 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 2.79%. 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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