Federal Realty Investment Trust (NYSE:FRT) was upgraded by research analysts at Bank of America Corporation from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, The Fly reports.

A number of other research firms have also recently weighed in on FRT. Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a report on Thursday, April 27th. BidaskClub upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Finally, Citigroup Inc. restated a “buy” rating and issued a $156.00 price target (down from $160.00) on shares of Federal Realty Investment Trust in a report on Sunday, June 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $159.63.

Federal Realty Investment Trust (NYSE:FRT) opened at 130.00 on Friday. The stock has a 50 day moving average of $126.09 and a 200 day moving average of $132.95. The company has a market cap of $9.39 billion, a P/E ratio of 40.83 and a beta of 0.28. Federal Realty Investment Trust has a 52 week low of $120.50 and a 52 week high of $171.08.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. Federal Realty Investment Trust had a net margin of 28.27% and a return on equity of 10.89%. The business had revenue of $207.39 million for the quarter, compared to analysts’ expectations of $205.96 million. During the same period last year, the business earned $1.38 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. On average, analysts expect that Federal Realty Investment Trust will post $3.19 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its position in Federal Realty Investment Trust by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 4,500 shares of the real estate investment trust’s stock worth $569,000 after buying an additional 100 shares in the last quarter. LS Investment Advisors LLC raised its position in Federal Realty Investment Trust by 5.8% in the second quarter. LS Investment Advisors LLC now owns 29,300 shares of the real estate investment trust’s stock worth $3,703,000 after buying an additional 1,612 shares in the last quarter. CrestPoint Capital Management LLC raised its position in Federal Realty Investment Trust by 14.5% in the second quarter. CrestPoint Capital Management LLC now owns 19,800 shares of the real estate investment trust’s stock worth $2,503,000 after buying an additional 2,500 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Federal Realty Investment Trust by 511.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 11,697 shares of the real estate investment trust’s stock worth $1,478,000 after buying an additional 9,783 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its position in Federal Realty Investment Trust by 2.2% in the second quarter. Gateway Investment Advisers LLC now owns 5,720 shares of the real estate investment trust’s stock worth $723,000 after buying an additional 122 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

The Fly

Analyst Recommendations for Federal Realty Investment Trust (NYSE:FRT)

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