Federal Realty Investment Trust (FRT) Now Covered by Stifel Nicolaus

Analysts at Stifel Nicolaus initiated coverage on shares of Federal Realty Investment Trust (NYSE:FRT) in a research note issued on Thursday, The Fly reports. The brokerage set a “buy” rating on the real estate investment trust’s stock.

FRT has been the topic of a number of other reports. Boenning Scattergood set a $140.00 price target on Federal Realty Investment Trust and gave the company a “buy” rating in a report on Friday, August 4th. Evercore ISI downgraded Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price target on the stock. in a report on Monday, August 14th. Citigroup upped their price target on Federal Realty Investment Trust from $147.00 to $148.00 and gave the company a “buy” rating in a report on Monday, August 14th. BMO Capital Markets started coverage on Federal Realty Investment Trust in a report on Monday, September 11th. They set an “outperform” rating and a $145.00 price target on the stock. Finally, Jefferies Group lowered their price target on Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, September 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. Federal Realty Investment Trust presently has a consensus rating of “Buy” and an average price target of $140.50.

Federal Realty Investment Trust (NYSE:FRT) traded up $0.11 during trading on Thursday, reaching $132.21. The company’s stock had a trading volume of 577,992 shares, compared to its average volume of 466,426. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.27. Federal Realty Investment Trust has a twelve month low of $119.37 and a twelve month high of $145.80. The company has a market capitalization of $9,512.35, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 3.70 and a beta of 0.31.

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

In related news, insider Donald C. Wood sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $131.88, for a total transaction of $5,275,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dawn M. Becker sold 21,814 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $130.91, for a total value of $2,855,670.74. Following the sale, the executive vice president now owns 145,809 shares of the company’s stock, valued at approximately $19,087,856.19. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,342 shares of company stock valued at $13,452,421. 1.10% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of FRT. Vanguard Group Inc. increased its position in Federal Realty Investment Trust by 1.0% in the second quarter. Vanguard Group Inc. now owns 12,396,763 shares of the real estate investment trust’s stock worth $1,566,826,000 after buying an additional 120,301 shares in the last quarter. BlackRock Inc. increased its position in Federal Realty Investment Trust by 2,290.9% in the first quarter. BlackRock Inc. now owns 7,899,071 shares of the real estate investment trust’s stock worth $1,054,525,000 after buying an additional 7,568,695 shares in the last quarter. State Street Corp increased its position in Federal Realty Investment Trust by 5.0% in the first quarter. State Street Corp now owns 5,927,826 shares of the real estate investment trust’s stock worth $791,369,000 after buying an additional 281,592 shares in the last quarter. JPMorgan Chase & Co. increased its position in Federal Realty Investment Trust by 43.9% in the third quarter. JPMorgan Chase & Co. now owns 3,376,898 shares of the real estate investment trust’s stock worth $420,257,000 after buying an additional 1,030,604 shares in the last quarter. Finally, Norges Bank purchased a new stake in Federal Realty Investment Trust in the fourth quarter worth about $425,260,000. Institutional investors own 94.60% of the company’s stock.

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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.

The Fly

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

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