Federal Realty Investment Trust (FRT) Now Covered by Analysts at BMO Capital Markets

BMO Capital Markets began coverage on shares of Federal Realty Investment Trust (NYSE:FRT) in a research note issued to investors on Monday. The brokerage issued an outperform rating and a $145.00 price target on the real estate investment trust’s stock.

Several other equities analysts have also issued reports on FRT. Citigroup Inc. restated a buy rating and set a $156.00 price target (down from $160.00) on shares of Federal Realty Investment Trust in a research note on Sunday, June 11th. BidaskClub upgraded Federal Realty Investment Trust from a sell rating to a hold rating in a research note on Friday, June 16th. Bank of America Corporation upgraded Federal Realty Investment Trust from a neutral rating to a buy rating and boosted their price target for the company from $140.00 to $146.00 in a research note on Friday, July 21st. Jefferies Group LLC restated a hold rating and set a $136.00 price target on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. Finally, Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the company a buy rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. Federal Realty Investment Trust has an average rating of Buy and a consensus target price of $141.00.

Federal Realty Investment Trust (FRT) traded up 0.45% on Monday, reaching $130.83. The company’s stock had a trading volume of 31,718 shares. The stock’s 50 day moving average is $130.10 and its 200-day moving average is $130.07. Federal Realty Investment Trust has a 52 week low of $120.50 and a 52 week high of $160.15. The firm has a market capitalization of $9.45 billion, a PE ratio of 37.89 and a beta of 0.30.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The firm had revenue of $208 million for the quarter, compared to analyst estimates of $208.33 million. During the same period in the previous year, the company posted $1.42 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts predict that Federal Realty Investment Trust will post $3.33 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be issued a $1.00 dividend. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. This represents a $4.00 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, September 21st. Federal Realty Investment Trust’s payout ratio is presently 113.62%.

In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 2,281 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $133.05, for a total transaction of $303,487.05. Following the completion of the sale, the executive vice president now owns 123,744 shares in the company, valued at approximately $16,464,139.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Donald C. Wood sold 21,342 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $130.86, for a total transaction of $2,792,814.12. The disclosure for this sale can be found here. Insiders sold a total of 57,495 shares of company stock worth $7,538,395 over the last three months. 1.10% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the business. Franklin Parlapiano Turner & Welch LLC bought a new stake in shares of Federal Realty Investment Trust during the 1st quarter valued at $126,000. Global X Management Co. LLC raised its position in shares of Federal Realty Investment Trust by 30.6% during the 1st quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock valued at $166,000 after acquiring an additional 292 shares during the last quarter. Advisor Group Inc. raised its position in shares of Federal Realty Investment Trust by 27.4% during the 2nd quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 297 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Federal Realty Investment Trust by 3.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock valued at $213,000 after acquiring an additional 55 shares during the last quarter. Finally, Northstar Wealth Partners LLC bought a new stake in shares of Federal Realty Investment Trust during the 1st quarter valued at $221,000. Institutional investors own 93.94% of the company’s stock.

Federal Realty Investment Trust Company Profile

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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