Analysts Set Federal Realty Investment Trust (NYSE:FRT) Price Target at $91.76

Federal Realty Investment Trust (NYSE:FRT) has been given an average rating of “Hold” by the twenty ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $91.76.

Several equities research analysts have recently commented on FRT shares. Stifel Nicolaus cut their price target on Federal Realty Investment Trust from $106.00 to $89.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. SunTrust Banks downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $90.00 to $78.00 in a research report on Tuesday, July 21st. ValuEngine cut shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 1st. BMO Capital Markets started coverage on shares of Federal Realty Investment Trust in a research note on Tuesday, July 21st. They set a “hold” rating and a $89.00 price target on the stock. Finally, BofA Securities downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $87.00 to $77.00 in a research report on Monday, October 19th.

Several hedge funds have recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ lifted its stake in Federal Realty Investment Trust by 20.3% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 20,421 shares of the real estate investment trust’s stock valued at $1,524,000 after buying an additional 3,441 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Federal Realty Investment Trust by 1.4% during the first quarter. Guggenheim Capital LLC now owns 58,631 shares of the real estate investment trust’s stock valued at $4,373,000 after acquiring an additional 835 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Federal Realty Investment Trust by 18.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 86,736 shares of the real estate investment trust’s stock worth $6,471,000 after purchasing an additional 13,246 shares in the last quarter. Optimal Asset Management Inc. raised its stake in Federal Realty Investment Trust by 115.4% in the 1st quarter. Optimal Asset Management Inc. now owns 6,905 shares of the real estate investment trust’s stock valued at $515,000 after purchasing an additional 3,700 shares during the last quarter. Finally, Ellis Investment Partners LLC purchased a new position in Federal Realty Investment Trust in the 2nd quarter valued at about $66,000. Institutional investors and hedge funds own 84.64% of the company’s stock.

Shares of NYSE:FRT traded down $3.35 on Friday, reaching $73.37. The company’s stock had a trading volume of 12,514 shares, compared to its average volume of 737,361. Federal Realty Investment Trust has a 52-week low of $64.11 and a 52-week high of $141.32. The stock has a market capitalization of $5.80 billion, a P/E ratio of 21.49, a PEG ratio of 11.62 and a beta of 0.89. The stock’s 50-day moving average is $77.47 and its two-hundred day moving average is $79.45. The company has a debt-to-equity ratio of 1.91, a current ratio of 4.82 and a quick ratio of 4.82.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($1.10). Federal Realty Investment Trust had a net margin of 31.57% and a return on equity of 11.47%. Equities analysts forecast that Federal Realty Investment Trust will post 4.56 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 22nd were issued a dividend of $1.06 per share. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.05. This represents a $4.24 annualized dividend and a yield of 5.78%. The ex-dividend date was Monday, September 21st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 66.98%.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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

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