Federal Realty Investment Trust (NYSE:FRT) Raised to Buy at Mizuho

Share on StockTwits

Mizuho upgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a neutral rating to a buy rating in a research report report published on Friday morning, 24/7 WallStreet reports. They currently have $146.00 price target on the real estate investment trust’s stock.

Several other equities research analysts also recently weighed in on FRT. Raymond James raised shares of Federal Realty Investment Trust from a market perform rating to an outperform rating and set a $143.00 target price for the company in a research report on Tuesday, May 28th. DA Davidson downgraded shares of Federal Realty Investment Trust from a buy rating to a neutral rating in a research report on Tuesday, July 23rd. BMO Capital Markets reissued a buy rating and issued a $135.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, August 5th. Compass Point started coverage on shares of Federal Realty Investment Trust in a research report on Thursday, August 15th. They issued a buy rating and a $142.00 target price for the company. Finally, Capital One Financial raised shares of Federal Realty Investment Trust from an equal weight rating to an overweight rating in a research report on Monday, June 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Federal Realty Investment Trust presently has a consensus rating of Buy and an average target price of $142.88.

FRT opened at $135.05 on Friday. The company has a 50-day moving average of $131.14 and a 200-day moving average of $132.28. The company has a market capitalization of $10.18 billion, a P/E ratio of 21.51, a PEG ratio of 4.16 and a beta of 0.46. Federal Realty Investment Trust has a 1-year low of $115.09 and a 1-year high of $139.29. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.55 and a current ratio of 1.55.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.02. The company had revenue of $229.73 million during the quarter, compared to the consensus estimate of $232.00 million. Federal Realty Investment Trust had a net margin of 27.82% and a return on equity of 11.13%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 EPS. As a group, sell-side analysts expect that Federal Realty Investment Trust will post 6.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 23rd will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, September 20th. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. Federal Realty Investment Trust’s dividend payout ratio is currently 65.49%.

Several large investors have recently made changes to their positions in FRT. Nuveen Asset Management LLC grew its position in shares of Federal Realty Investment Trust by 94.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,311,496 shares of the real estate investment trust’s stock valued at $168,869,000 after buying an additional 638,193 shares during the last quarter. PGGM Investments grew its position in shares of Federal Realty Investment Trust by 47.9% during the 2nd quarter. PGGM Investments now owns 1,907,362 shares of the real estate investment trust’s stock valued at $245,592,000 after buying an additional 617,362 shares during the last quarter. Carlson Capital L P grew its position in shares of Federal Realty Investment Trust by 154.5% during the 2nd quarter. Carlson Capital L P now owns 334,984 shares of the real estate investment trust’s stock valued at $43,133,000 after buying an additional 203,357 shares during the last quarter. Inverness Counsel LLC NY bought a new stake in shares of Federal Realty Investment Trust during the 2nd quarter valued at about $21,029,000. Finally, BlackRock Inc. grew its position in shares of Federal Realty Investment Trust by 1.4% during the 1st quarter. BlackRock Inc. now owns 8,205,947 shares of the real estate investment trust’s stock valued at $1,131,190,000 after buying an additional 115,564 shares during the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

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, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

Featured Story: What Are Treasury Bonds?

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

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.



Latest News

SOTHERLY HOTELS/SH SH  Upgraded by Zacks Investment Research to Hold
SOTHERLY HOTELS/SH SH Upgraded by Zacks Investment Research to Hold
Solaredge Technologies  Lowered to Hold at Zacks Investment Research
Solaredge Technologies Lowered to Hold at Zacks Investment Research
Resonant  Upgraded to “Hold” at Zacks Investment Research
Resonant Upgraded to “Hold” at Zacks Investment Research
Portola Pharmaceuticals  PT Lowered to $44.00
Portola Pharmaceuticals PT Lowered to $44.00
UltraNote Coin Reaches Market Cap of $13,486.00
UltraNote Coin Reaches Market Cap of $13,486.00
FS KKR Capital Corp  Receives $7.63 Consensus PT from Analysts
FS KKR Capital Corp Receives $7.63 Consensus PT from Analysts


© 2006-2019 Ticker Report