Analysts Set Federal Realty Investment Trust (FRT) Target Price at $135.00

Shares of Federal Realty Investment Trust (NYSE:FRT) have been assigned an average recommendation of “Buy” from the eighteen brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $135.00.

Several analysts have recently commented on FRT shares. Mizuho restated a “buy” rating and issued a $124.00 target price on shares of Federal Realty Investment Trust in a research note on Friday, February 23rd. Sandler O’Neill set a $130.00 price target on Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Saturday, February 17th. Boenning Scattergood set a $140.00 price target on Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Thursday, February 15th. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price target (down previously from $144.00) on shares of Federal Realty Investment Trust in a research note on Wednesday, February 14th. Finally, BMO Capital Markets set a $142.00 price target on Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Tuesday, February 13th.

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In related news, insider Donald C. Wood sold 30,000 shares of Federal Realty Investment Trust stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $117.76, for a total value of $3,532,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. grew its stake in Federal Realty Investment Trust by 1.0% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 47,422 shares of the real estate investment trust’s stock valued at $5,889,000 after buying an additional 449 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in Federal Realty Investment Trust by 0.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 69,467 shares of the real estate investment trust’s stock valued at $9,226,000 after buying an additional 458 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Federal Realty Investment Trust by 3.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,480 shares of the real estate investment trust’s stock valued at $1,658,000 after buying an additional 474 shares in the last quarter. Jefferies Group LLC grew its stake in Federal Realty Investment Trust by 2.5% in the 4th quarter. Jefferies Group LLC now owns 20,884 shares of the real estate investment trust’s stock valued at $2,774,000 after buying an additional 512 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in Federal Realty Investment Trust by 8.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 8,679 shares of the real estate investment trust’s stock valued at $1,153,000 after buying an additional 664 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Shares of FRT traded up $0.24 during trading hours on Thursday, hitting $115.20. The stock had a trading volume of 262,925 shares, compared to its average volume of 446,456. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $8,414.24, a PE ratio of 19.49, a P/E/G ratio of 3.11 and a beta of 0.25. Federal Realty Investment Trust has a 1-year low of $106.41 and a 1-year high of $138.12.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.57. The company had revenue of $223.96 million during the quarter, compared to the consensus estimate of $218.68 million. Federal Realty Investment Trust had a return on equity of 12.68% and a net margin of 33.81%. During the same period last year, the business posted $0.80 EPS. analysts expect that Federal Realty Investment Trust will post 6.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 14th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.47%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 67.68%.

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Federal Realty Investment Trust Company Profile

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, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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

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