Federal Realty Investment Trust’s (FRT) “Hold” Rating Reiterated at SunTrust Banks

SunTrust Banks reiterated their hold rating on shares of Federal Realty Investment Trust (NYSE:FRT) in a research note released on Tuesday. SunTrust Banks currently has a $123.00 price objective on the real estate investment trust’s stock. SunTrust Banks also issued estimates for Federal Realty Investment Trust’s Q1 2018 earnings at $1.50 EPS, Q2 2018 earnings at $1.52 EPS, Q3 2018 earnings at $1.54 EPS, Q4 2018 earnings at $1.61 EPS, FY2018 earnings at $6.18 EPS, FY2019 earnings at $6.59 EPS, FY2020 earnings at $6.95 EPS, FY2021 earnings at $7.30 EPS and FY2022 earnings at $7.67 EPS.

A number of other research firms have also weighed in on FRT. Jefferies Group set a $133.00 price target on Federal Realty Investment Trust and gave the company a hold rating in a research report on Tuesday, February 13th. Stifel Nicolaus restated a buy rating and set a $130.00 price objective (down from $144.00) on shares of Federal Realty Investment Trust in a research report on Wednesday, February 14th. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the stock a buy rating in a research report on Thursday, February 15th. BMO Capital Markets set a $142.00 price objective on Federal Realty Investment Trust and gave the stock a buy rating in a research report on Tuesday, February 13th. Finally, Mizuho restated a buy rating and set a $124.00 price objective on shares of Federal Realty Investment Trust in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $135.00.

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Shares of NYSE:FRT traded down $1.44 during midday trading on Tuesday, reaching $116.84. The company had a trading volume of 110,187 shares, compared to its average volume of 534,937. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.25. Federal Realty Investment Trust has a 1-year low of $106.41 and a 1-year high of $138.12. The firm has a market capitalization of $8,679.19, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 3.20 and a beta of 0.25.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 14th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Tuesday, March 13th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 67.68%.

In other news, insider Donald C. Wood sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $117.76, for a total transaction of $3,532,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of FRT. Raymond James Financial Services Advisors Inc. raised its stake in shares of Federal Realty Investment Trust by 22.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,926 shares of the real estate investment trust’s stock worth $488,000 after purchasing an additional 728 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Federal Realty Investment Trust by 1.3% during the 3rd quarter. New York State Common Retirement Fund now owns 160,300 shares of the real estate investment trust’s stock worth $19,911,000 after purchasing an additional 2,000 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Federal Realty Investment Trust by 88.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 49,944 shares of the real estate investment trust’s stock worth $6,212,000 after purchasing an additional 23,379 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Federal Realty Investment Trust by 2.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 90,160 shares of the real estate investment trust’s stock worth $11,208,000 after purchasing an additional 2,036 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Federal Realty Investment Trust by 9.5% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,876 shares of the real estate investment trust’s stock worth $730,000 after purchasing an additional 509 shares in the last quarter. 97.76% of the stock is owned by institutional investors.

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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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