Federal Realty Investment Trust (FRT) Given New $130.00 Price Target at Jefferies Group LLC

Federal Realty Investment Trust (NYSE:FRT) had its price target trimmed by Jefferies Group LLC from $136.00 to $130.00 in a report issued on Friday. The firm currently has a hold rating on the real estate investment trust’s stock. Jefferies Group also issued estimates for Federal Realty Investment Trust’s Q3 2017 earnings at $1.48 EPS and FY2019 earnings at $6.43 EPS.

A number of other equities research analysts have also recently weighed in on FRT. Citigroup Inc. reiterated a buy rating and set a $156.00 price target (down from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. BidaskClub upgraded shares of Federal Realty Investment Trust from a sell rating to a hold rating in a research report on Friday, June 16th. Bank of America Corporation upgraded shares of Federal Realty Investment Trust from a neutral rating to a buy rating and lifted their price target for the company from $140.00 to $146.00 in a research report on Friday, July 21st. Boenning Scattergood set a $140.00 price target on shares of Federal Realty Investment Trust and gave the company a buy rating in a research report on Friday, August 4th. Finally, Evercore ISI cut shares of Federal Realty Investment Trust from an in-line rating to an underperform rating and set a $128.00 price target for the company. in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. Federal Realty Investment Trust has an average rating of Buy and a consensus price target of $140.25.

Federal Realty Investment Trust (FRT) opened at 127.51 on Friday. The company’s 50-day moving average is $129.58 and its 200 day moving average is $129.67. Federal Realty Investment Trust has a one year low of $120.50 and a one year high of $160.15. The company has a market capitalization of $9.21 billion, a P/E ratio of 36.93 and a beta of 0.30.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.03. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The firm had revenue of $208.00 million during the quarter, compared to analysts’ expectations of $208.33 million. During the same period last year, the business earned $1.42 earnings per share. Federal Realty Investment Trust’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Federal Realty Investment Trust will post $3.31 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be issued a $1.00 dividend. The ex-dividend date is Thursday, September 21st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.14%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s payout ratio is 113.62%.

In related news, CEO Donald C. Wood sold 21,342 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 $130.86, for a total value of $2,792,814.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dawn M. Becker sold 21,814 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 $130.91, for a total transaction of $2,855,670.74. Following the completion of the transaction, the executive vice president now owns 145,809 shares of the company’s stock, valued at approximately $19,087,856.19. The disclosure for this sale can be found here. Insiders sold 57,495 shares of company stock valued at $7,538,395 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Franklin Parlapiano Turner & Welch LLC acquired a new position in shares of Federal Realty Investment Trust in the first quarter valued at approximately $126,000. Global X Management Co. LLC grew its holdings in shares of Federal Realty Investment Trust by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock valued at $166,000 after purchasing an additional 292 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Federal Realty Investment Trust by 27.4% in 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. Pacer Advisors Inc. grew its holdings in shares of Federal Realty Investment Trust by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 55 shares in the last quarter. Finally, Northstar Wealth Partners LLC acquired a new position in shares of Federal Realty Investment Trust in the first quarter valued at approximately $221,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

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)

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