Federal Realty Investment Trust (NYSE:FRT) PT Raised to $135.00

Federal Realty Investment Trust (NYSE:FRT) had its target price hoisted by equities research analysts at Stifel Nicolaus from $130.00 to $135.00 in a report issued on Thursday, August 2nd. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price target suggests a potential upside of 7.97% from the stock’s previous close.

FRT has been the subject of several other research reports. BMO Capital Markets restated a “buy” rating and issued a $142.00 target price on shares of Federal Realty Investment Trust in a report on Wednesday, May 2nd. Boenning Scattergood set a $140.00 target price on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a report on Thursday, May 10th. SunTrust Banks upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Monday, June 25th. TheStreet upgraded shares of Federal Realty Investment Trust from a “c+” rating to a “b-” rating in a report on Thursday, June 21st. Finally, DA Davidson upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating in a report on Monday, June 25th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $136.23.

Shares of Federal Realty Investment Trust traded down $0.93, reaching $125.04, on Thursday, MarketBeat.com reports. The company had a trading volume of 254,986 shares, compared to its average volume of 427,080. Federal Realty Investment Trust has a 52-week low of $106.41 and a 52-week high of $134.52. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 3.40 and a beta of 0.23. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.32 and a current ratio of 1.32.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, August 1st. The real estate investment trust reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.02. Federal Realty Investment Trust had a net margin of 31.64% and a return on equity of 12.76%. The firm had revenue of $224.90 million for the quarter, compared to the consensus estimate of $223.56 million. During the same period in the prior year, the firm earned $1.49 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. equities analysts expect that Federal Realty Investment Trust will post 6.18 earnings per share for the current year.

In other news, insider Donald C. Wood sold 20,000 shares of the firm’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $121.38, for a total value of $2,427,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 56,625 shares of company stock valued at $6,796,976 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its holdings in Federal Realty Investment Trust by 3.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,480 shares of the real estate investment trust’s stock worth $1,658,000 after buying an additional 474 shares during the period. Lincluden Management Ltd. acquired a new position in shares of Federal Realty Investment Trust in the 1st quarter valued at about $7,805,000. Wells Fargo & Company MN increased its holdings in shares of Federal Realty Investment Trust by 8.7% in the 1st quarter. Wells Fargo & Company MN now owns 410,596 shares of the real estate investment trust’s stock valued at $47,675,000 after purchasing an additional 32,980 shares during the period. Rhumbline Advisers increased its holdings in shares of Federal Realty Investment Trust by 0.7% in the 1st quarter. Rhumbline Advisers now owns 160,703 shares of the real estate investment trust’s stock valued at $18,659,000 after purchasing an additional 1,146 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in shares of Federal Realty Investment Trust by 383.6% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 16,734 shares of the real estate investment trust’s stock valued at $1,944,000 after purchasing an additional 13,274 shares during the period. 93.60% of the stock is currently owned by institutional investors.

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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