Federal Realty Investment Trust (NYSE:FRT) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a sell rating to a hold rating in a research note released on Sunday,Wall Street Zen reports.

FRT has been the subject of a number of other research reports. Evercore set a $123.00 target price on Federal Realty Investment Trust in a research report on Monday, September 21st. Mizuho decreased their price target on Federal Realty Investment Trust from $130.00 to $117.00 and set an “outperform” rating on the stock in a report on Thursday, September 24th. Barclays decreased their price target on Federal Realty Investment Trust from $123.00 to $118.00 and set an “equal weight” rating on the stock in a report on Monday, September 28th. JPMorgan Chase & Co. lifted their price objective on Federal Realty Investment Trust from $124.00 to $129.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Finally, Citigroup boosted their price objective on Federal Realty Investment Trust from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $112.72 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a 50 day simple moving average of $110.52 and a 200 day simple moving average of $113.18. Federal Realty Investment Trust has a fifty-two week low of $95.14 and a fifty-two week high of $128.21. The firm has a market cap of $9.70 billion, a P/E ratio of 22.54, a P/E/G ratio of 2.81 and a beta of 0.94.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($1.11). The firm had revenue of $339.02 million for the quarter, compared to analyst estimates of $336.57 million. Federal Realty Investment Trust had a return on equity of 13.76% and a net margin of 32.60%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.77 EPS. Sell-side analysts predict that Federal Realty Investment Trust will post 7.56 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, January 4th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Monday, January 4th. This represents a $4.64 dividend on an annualized basis and a yield of 4.1%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 92.80%.

Insider Transactions at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, Director Nicole Lamb-Hale sold 1,500 shares of Federal Realty Investment Trust stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $108.89, for a total transaction of $163,335.00. Following the completion of the sale, the director owned 4,613 shares of the company’s stock, valued at approximately $502,309.57. The trade was a 24.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Trading of Federal Realty Investment Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its stake in Federal Realty Investment Trust by 90.2% in the first quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust’s stock valued at $54,114,000 after purchasing an additional 241,684 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Federal Realty Investment Trust in the first quarter worth $1,519,000. Contravisory Investment Management Inc. raised its holdings in Federal Realty Investment Trust by 1,175.7% in the second quarter. Contravisory Investment Management Inc. now owns 9,708 shares of the real estate investment trust’s stock worth $1,198,000 after purchasing an additional 8,947 shares during the period. Engineers Gate Manager LP acquired a new stake in Federal Realty Investment Trust in the second quarter worth $3,350,000. Finally, Resolution Capital Ltd boosted its position in shares of Federal Realty Investment Trust by 10.3% during the first quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock worth $387,090,000 after purchasing an additional 340,524 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty Investment Trust is a real estate investment trust that owns, operates, and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and destination-style properties that combine retail, restaurants, entertainment, and, in some locations, residential and office space.

The company focuses on established, densely populated communities, primarily in the Northeast, Mid-Atlantic, California, and South Florida. Its properties serve shoppers, residents, and businesses through a mix of national and local retailers, dining options, and other services.

Founded in 1962, Federal Realty has developed and operated properties such as Santana Row in San Jose, California, and Pike & Rose in North Bethesda, Maryland.