Federal Realty Investment Trust (FRT) Rating Reiterated by BMO Capital Markets

Federal Realty Investment Trust (NYSE:FRT)‘s stock had its “buy” rating reiterated by equities research analysts at BMO Capital Markets in a note issued to investors on Thursday. They presently have a $135.00 target price on the real estate investment trust’s stock. BMO Capital Markets’ target price would indicate a potential upside of 0.31% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Citigroup set a $146.00 target price on Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Tuesday, November 20th. Zacks Investment Research reaffirmed a “buy” rating and set a $140.00 target price on shares of Federal Realty Investment Trust in a report on Tuesday, November 13th. Finally, Wells Fargo & Co increased their target price on Federal Realty Investment Trust from $144.00 to $148.00 and gave the stock an “outperform” rating in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Federal Realty Investment Trust has a consensus rating of “Buy” and an average target price of $137.38.

NYSE:FRT traded up $0.36 during trading hours on Thursday, reaching $134.58. 63,962 shares of the stock were exchanged, compared to its average volume of 367,948. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.43. Federal Realty Investment Trust has a 52 week low of $110.66 and a 52 week high of $136.91. The company has a market cap of $10.01 billion, a PE ratio of 21.60, a P/E/G ratio of 4.30 and a beta of 0.51.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.86). Federal Realty Investment Trust had a return on equity of 10.81% and a net margin of 26.42%. The firm had revenue of $235.38 million for the quarter, compared to the consensus estimate of $235.70 million. During the same period in the prior year, the business earned $0.67 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Federal Realty Investment Trust will post 6.42 EPS for the current fiscal year.

In related news, insider Donald C. Wood sold 12,210 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $132.43, for a total value of $1,616,970.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.95% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in FRT. Utah Retirement Systems increased its position in Federal Realty Investment Trust by 0.6% in the 4th quarter. Utah Retirement Systems now owns 16,965 shares of the real estate investment trust’s stock valued at $2,003,000 after acquiring an additional 100 shares during the period. Clarus Wealth Advisors increased its position in Federal Realty Investment Trust by 19.4% in the 4th quarter. Clarus Wealth Advisors now owns 651 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 106 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Federal Realty Investment Trust by 14.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 868 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 112 shares during the period. Mackenzie Financial Corp increased its position in Federal Realty Investment Trust by 6.1% in the 4th quarter. Mackenzie Financial Corp now owns 2,345 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 134 shares during the period. Finally, Contravisory Investment Management Inc. increased its position in Federal Realty Investment Trust by 7.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 168 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Capital Gains

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

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