Federal Realty Investment Trust (NYSE:FRT) has been given an average recommendation of “Buy” by the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $140.82.
FRT has been the subject of several research reports. BMO Capital Markets initiated coverage on shares of Federal Realty Investment Trust in a research report on Monday, September 11th. They issued an “outperform” rating and a $145.00 price target for the company. Jefferies Group dropped their price objective on shares of 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. Boenning Scattergood reissued a “buy” rating and issued a $140.00 price objective on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. Mizuho reissued a “buy” rating and issued a $142.00 price objective on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. Finally, UBS Group raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $131.00 to $141.00 in a research note on Thursday, November 9th.
In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 9,900 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $132.44, for a total value of $1,311,156.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Shares of Federal Realty Investment Trust (FRT) traded down $0.80 during trading on Tuesday, reaching $132.81. 292,300 shares of the company were exchanged, compared to its average volume of 462,609. Federal Realty Investment Trust has a one year low of $119.37 and a one year high of $145.80. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $9,630.00, a P/E ratio of 42.30, a P/E/G ratio of 3.74 and a beta of 0.34.
Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.03. The business had revenue of $217.95 million during the quarter, compared to the consensus estimate of $213.63 million. Federal Realty Investment Trust had a net margin of 35.50% and a return on equity of 13.28%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 EPS. analysts predict that Federal Realty Investment Trust will post 5.91 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $4.00 dividend on an annualized basis and a yield of 3.01%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 127.39%.
TRADEMARK VIOLATION NOTICE: “Federal Realty Investment Trust (FRT) Given Average Recommendation of “Buy” by Brokerages” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2018/01/02/federal-realty-investment-trust-frt-given-average-recommendation-of-buy-by-brokerages.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.
Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.