Federal Realty Investment Trust (NYSE:FRT)‘s stock had its “buy” rating reiterated by Boenning Scattergood in a research report issued to clients and investors on Friday. They presently have a $140.00 target price on the real estate investment trust’s stock. Boenning Scattergood’s target price suggests a potential upside of 10.62% from the company’s current price. Boenning Scattergood also issued estimates for Federal Realty Investment Trust’s Q4 2017 earnings at $1.46 EPS and FY2018 earnings at $6.23 EPS.

Other equities analysts have also recently issued reports about the stock. Citigroup Inc. raised their target price on shares of Federal Realty Investment Trust from $147.00 to $148.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Evercore ISI cut shares of Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 target price for the company. in a research note on Monday, August 14th. Bank of America Corporation raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $140.00 to $146.00 in a research note on Friday, July 21st. Jefferies Group LLC cut their target price on shares of Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, September 15th. Finally, BMO Capital Markets began coverage on shares of Federal Realty Investment Trust in a research note on Sunday, September 17th. They set an “outperform” rating and a $145.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $140.44.

Shares of Federal Realty Investment Trust (FRT) traded down $1.54 during midday trading on Friday, hitting $126.56. 614,379 shares of the stock were exchanged, compared to its average volume of 416,702. The company has a current ratio of 1.23, a quick ratio of 1.55 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $9,181.55, a PE ratio of 21.49, a PEG ratio of 4.83 and a beta of 0.31. Federal Realty Investment Trust has a 1 year low of $119.37 and a 1 year high of $145.80.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.03. The firm had revenue of $217.95 million during the quarter, compared to analysts’ expectations of $213.63 million. Federal Realty Investment Trust had a net margin of 35.50% and a return on equity of 13.28%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.41 earnings per share. sell-side analysts expect that Federal Realty Investment Trust will post 5.91 earnings per share for the current fiscal year.

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In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 21,814 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the completion of the transaction, the executive vice president now owns 145,809 shares in the company, valued at $19,087,856.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald C. Wood sold 2,772 shares of the stock in a transaction on Wednesday, August 9th. The shares were 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 have sold 57,495 shares of company stock valued at $7,538,395 in the last quarter. 1.10% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in FRT. Advisor Group Inc. lifted its position in Federal Realty Investment Trust by 27.4% during the second quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 297 shares during the last quarter. Global X Management Co. LLC lifted its position in Federal Realty Investment Trust by 16.0% during the second quarter. Global X Management Co. LLC now owns 1,444 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 199 shares during the last quarter. Advisor Partners LLC bought a new position in Federal Realty Investment Trust during the third quarter valued at $203,000. Pacer Advisors Inc. lifted its position in Federal Realty Investment Trust by 9.1% during the second quarter. Pacer Advisors Inc. now owns 1,740 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 145 shares during the last quarter. Finally, Kemper Corp Master Retirement Trust lifted its position in Federal Realty Investment Trust by 1.4% during the second quarter. Kemper Corp Master Retirement Trust now owns 1,750 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 93.47% of the company’s stock.

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.

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

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