Federal Realty Investment Trust (FRT) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Federal Realty Investment Trust (NYSE:FRT) in a report published on Thursday morning, MarketBeat reports. The brokerage issued a buy rating and a $144.00 price objective on the real estate investment trust’s stock.

Several other research firms have also recently issued reports on FRT. Boenning Scattergood set a $140.00 target price on Federal Realty Investment Trust and gave the company a buy rating in a research note on Friday, August 4th. Jefferies Group reduced their target price on Federal Realty Investment Trust from $136.00 to $130.00 and set a hold rating on the stock in a research note on Friday, September 15th. BMO Capital Markets assumed coverage on Federal Realty Investment Trust in a research note on Monday, September 11th. They set an outperform rating and a $145.00 target price on the stock. Citigroup boosted their target price on 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. Finally, Evercore ISI cut 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 research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $140.82.

Shares of Federal Realty Investment Trust (NYSE FRT) traded up $0.33 during trading on Thursday, reaching $132.54. The company’s stock had a trading volume of 388,261 shares, compared to its average volume of 384,426. 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 1-year low of $119.37 and a 1-year high of $145.80. The stock has a market cap of $9,615.38, a PE ratio of 22.50, a P/E/G ratio of 3.74 and a beta of 0.34.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $217.95 million for the quarter, compared to analysts’ expectations of $213.63 million. During the same period in the previous year, the firm earned $1.41 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. sell-side analysts forecast that Federal Realty Investment Trust will post 5.91 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $4.00 annualized dividend and a dividend yield of 3.02%. Federal Realty Investment Trust’s dividend payout ratio is presently 97.56%.

In related news, EVP Dawn M. Becker sold 21,814 shares of Federal Realty Investment Trust stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the sale, the executive vice president now directly owns 145,809 shares in the company, valued at $19,087,856.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald C. Wood sold 9,286 shares of Federal Realty Investment Trust stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $131.12, for a total value of $1,217,580.32. The disclosure for this sale can be found here. Insiders have sold 102,342 shares of company stock worth $13,452,421 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FRT. Advisor Group Inc. boosted its position in shares of 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 in the last quarter. Global X Management Co. LLC boosted its position in shares of 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 in the last quarter. Advisor Partners LLC bought a new stake in shares of Federal Realty Investment Trust during the third quarter valued at approximately $203,000. Magnetar Financial LLC bought a new stake in shares of Federal Realty Investment Trust during the third quarter valued at approximately $207,000. Finally, Timber Hill LLC bought a new stake in shares of Federal Realty Investment Trust during the third quarter valued at approximately $215,000. Institutional investors own 94.60% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.com-unik.info/2017/12/03/federal-realty-investment-trust-frt-research-coverage-started-at-stifel-nicolaus.html.

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)

What are top analysts saying about Federal Realty Investment Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Federal Realty Investment Trust and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit