Investment analysts at BMO Capital Markets assumed coverage on shares of Federal Realty Investment Trust (NYSE:FRT) in a research report issued to clients and investors on Sunday, StockTargetPrices.com reports. The brokerage set an “outperform” rating and a $145.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ target price suggests a potential upside of 11.54% from the stock’s previous close.

Several other brokerages have also recently weighed in on FRT. Evercore ISI cut shares of Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price target for the company. in a research report on Monday, August 14th. Citigroup Inc. reaffirmed a “buy” rating and issued a $156.00 price target (down previously from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. BidaskClub raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $136.00 price target on shares of Federal Realty Investment Trust in a research report on Tuesday, July 25th. Finally, Bank of America Corporation raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $140.00 to $146.00 in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $140.25.

Federal Realty Investment Trust (NYSE FRT) opened at 130.00 on Friday. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 37.65 and a beta of 0.30. The firm has a 50-day moving average price of $129.73 and a 200-day moving average price of $129.88. Federal Realty Investment Trust has a 1-year low of $120.50 and a 1-year high of $160.15.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. The company had revenue of $208.00 million during the quarter, compared to analysts’ expectations of $208.33 million. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 EPS. On average, analysts expect that Federal Realty Investment Trust will post $3.33 earnings per share for the current fiscal year.

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In related news, EVP Dawn M. Becker sold 2,281 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $133.05, for a total transaction of $303,487.05. Following the completion of the sale, the executive vice president now owns 123,744 shares of the company’s stock, valued at $16,464,139.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Donald C. Wood sold 21,342 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $130.86, for a total transaction of $2,792,814.12. The disclosure for this sale can be found here. Insiders have sold 57,495 shares of company stock valued at $7,538,395 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of FRT. BlackRock Inc. lifted its position in Federal Realty Investment Trust by 2,290.9% during the first quarter. BlackRock Inc. now owns 7,899,071 shares of the real estate investment trust’s stock valued at $1,054,525,000 after acquiring an additional 7,568,695 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Federal Realty Investment Trust by 173.7% during the second quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock valued at $296,548,000 after acquiring an additional 1,489,133 shares during the last quarter. APG Asset Management US Inc. purchased a new stake in Federal Realty Investment Trust during the second quarter valued at approximately $104,847,000. Uniplan Investment Counsel Inc. lifted its position in Federal Realty Investment Trust by 199.9% during the second quarter. Uniplan Investment Counsel Inc. now owns 1,168,479 shares of the real estate investment trust’s stock valued at $49,926,000 after acquiring an additional 778,865 shares during the last quarter. Finally, Brookfield Asset Management Inc. purchased a new stake in Federal Realty Investment Trust during the first quarter valued at approximately $101,874,000. 93.94% 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.

Stock Target Prices

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

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