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

Federal Realty Investment Trust (NYSE:FRT) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, July 24th.

A number of other research firms have also recently commented on FRT. Bank of America Corporation upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $140.00 to $146.00 in a research report on Friday, July 21st. Seaport Global Securities reissued a “buy” rating on shares of Federal Realty Investment Trust in a report on Thursday, April 27th. Finally, Citigroup Inc. reissued a “buy” rating and set a $156.00 price target (down previously from $160.00) on shares of Federal Realty Investment Trust in a report on Sunday, June 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $144.88.

Shares of Federal Realty Investment Trust (FRT) opened at 126.96 on Monday. The firm’s 50-day moving average price is $129.93 and its 200 day moving average price is $131.62. Federal Realty Investment Trust has a 1-year low of $120.50 and a 1-year high of $162.06. The stock has a market cap of $9.17 billion, a P/E ratio of 36.77 and a beta of 0.29.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 EPS for the quarter, topping the Zacks’ 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 business had revenue of $208 million for the quarter, compared to analysts’ expectations of $208.33 million. During the same quarter in the previous year, the firm earned $1.42 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Federal Realty Investment Trust will post $3.36 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was originally posted by BNB Daily and is owned by of BNB Daily. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.baseball-news-blog.com/2017/08/19/federal-realty-investment-trust-nysefrt-stock-rating-upgraded-by-bidaskclub-updated-updated-updated.html.

In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 2,281 shares of Federal Realty Investment Trust stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $133.05, for a total value of $303,487.05. Following the sale, the executive vice president now owns 123,744 shares of the company’s stock, valued at approximately $16,464,139.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald C. Wood sold 2,772 shares of Federal Realty Investment Trust stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $133.06, for a total value of $368,842.32. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of Federal Realty Investment Trust during the first quarter worth $126,000. Alexandria Capital LLC raised its stake in shares of Federal Realty Investment Trust by 1.4% in the first quarter. Alexandria Capital LLC now owns 1,187 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 16 shares during the period. Global X Management Co. LLC raised its stake in shares of Federal Realty Investment Trust by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 292 shares during the period. Advisor Group Inc. raised its stake in shares of Federal Realty Investment Trust by 27.4% in the second quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 297 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 4 shares during the period. 94.63% of the stock is currently owned by institutional investors.

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)

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

Leave a Reply