Federal Realty Investment Trust (FRT) Stock Rating Lowered by ValuEngine

Federal Realty Investment Trust (NYSE:FRT) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Other research analysts have also issued reports about the company. BMO Capital Markets restated a “buy” rating and issued a $142.00 price target on shares of Federal Realty Investment Trust in a research report on Tuesday, January 9th. Boenning Scattergood set a $140.00 price target on Federal Realty Investment Trust and gave the stock a “buy” rating in a research report on Friday, December 8th. Mizuho restated a “buy” rating and issued a $124.00 price target on shares of Federal Realty Investment Trust in a research report on Friday, February 23rd. Sandler O’Neill set a $130.00 price target on Federal Realty Investment Trust and gave the stock a “buy” rating in a research report on Saturday, February 17th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $130.00 price target (down from $144.00) on shares of Federal Realty Investment Trust in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $135.00.

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Shares of FRT opened at $115.78 on Friday. The firm has a market capitalization of $8,474.29, a price-to-earnings ratio of 19.59, a PEG ratio of 3.13 and a beta of 0.25. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.30 and a current ratio of 1.30. Federal Realty Investment Trust has a 52 week low of $106.41 and a 52 week high of $138.12.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $218.68 million. During the same period last year, the company earned $0.80 EPS. analysts forecast that Federal Realty Investment Trust will post 6.17 EPS for the current year.

In other Federal Realty Investment Trust news, insider Donald C. Wood sold 30,000 shares of Federal Realty Investment Trust 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 document filed with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Elkfork Partners LLC bought a new position in Federal Realty Investment Trust during the fourth quarter worth about $459,000. Xact Kapitalforvaltning AB raised its stake in shares of Federal Realty Investment Trust by 17.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 6,591 shares of the real estate investment trust’s stock valued at $875,000 after purchasing an additional 996 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Federal Realty Investment Trust by 3.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,480 shares of the real estate investment trust’s stock valued at $1,658,000 after purchasing an additional 474 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Federal Realty Investment Trust by 8.6% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 32,466 shares of the real estate investment trust’s stock valued at $4,312,000 after purchasing an additional 2,584 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Federal Realty Investment Trust by 53.9% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,711 shares of the real estate investment trust’s stock valued at $493,000 after purchasing an additional 1,300 shares during the period. Hedge funds and other institutional investors own 97.76% of the company’s stock.

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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.

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Analyst Recommendations for Federal Realty Investment Trust (NYSE:FRT)

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