Shares of Federal Realty Investment Trust (NYSE:FRT) have been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $140.43.

Several equities analysts have recently commented on the stock. Bank of America Corporation raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $146.00 in a report on Friday, July 21st. Citigroup Inc. boosted their target price on shares of Federal Realty Investment Trust from $147.00 to $148.00 and gave the stock a “buy” rating in a report on Monday, August 14th. Evercore ISI downgraded shares of Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 target price on the stock. in a report on Monday, August 14th. Boenning Scattergood set a $140.00 target price on shares of Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, BidaskClub raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, June 16th.

Shares of Federal Realty Investment Trust (FRT) traded up 0.187% on Wednesday, reaching $125.945. 86,638 shares of the company were exchanged. Federal Realty Investment Trust has a 12-month low of $120.50 and a 12-month high of $162.06. The stock has a market capitalization of $9.10 billion, a PE ratio of 36.474 and a beta of 0.29. The firm has a 50 day moving average price of $129.95 and a 200-day moving average price of $131.19.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The firm had revenue of $208 million for the quarter, compared to the consensus estimate of $208.33 million. During the same quarter in the previous year, the firm earned $1.42 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that Federal Realty Investment Trust will post $3.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, September 21st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s payout ratio is currently 113.62%.

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In related news, EVP Dawn M. Becker sold 2,281 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $133.05, for a total value of $303,487.05. Following the sale, the executive vice president now owns 123,744 shares in the company, valued at $16,464,139.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald C. Wood sold 2,772 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $133.06, for a total transaction of $368,842.32. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

A number of large investors have recently made changes to their positions in the company. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of Federal Realty Investment Trust during the first quarter valued at $126,000. Global X Management Co. LLC boosted its stake in shares of Federal Realty Investment Trust by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 292 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 27.4% in the second quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 297 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 4 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Federal Realty Investment Trust by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 55 shares in the last quarter. Institutional investors own 93.94% of the company’s stock.

About Federal Realty Investment Trust

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.

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

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