Brokerages Set Federal Realty Investment Trust (FRT) Target Price at $137.54

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Shares of Federal Realty Investment Trust (NYSE:FRT) have earned an average recommendation of “Buy” from the seventeen research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $137.00.

Several analysts have commented on the stock. BMO Capital Markets set a $135.00 price target on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank increased their price target on shares of Federal Realty Investment Trust from $133.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, August 28th. Scotiabank assumed coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, October 16th. They set an “outperform” rating for the company. Citigroup increased their price target on shares of Federal Realty Investment Trust from $142.00 to $144.00 and gave the company a “buy” rating in a research report on Monday, August 20th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $128.00 price target on shares of Federal Realty Investment Trust in a research report on Wednesday, August 15th.

Several institutional investors have recently made changes to their positions in FRT. Resolution Capital Ltd raised its position in shares of Federal Realty Investment Trust by 30.1% in the 2nd quarter. Resolution Capital Ltd now owns 1,095,092 shares of the real estate investment trust’s stock valued at $138,584,000 after purchasing an additional 253,410 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of Federal Realty Investment Trust by 434.3% in the 2nd quarter. Centersquare Investment Management LLC now owns 265,022 shares of the real estate investment trust’s stock valued at $33,538,000 after purchasing an additional 215,419 shares during the last quarter. Millennium Management LLC raised its position in shares of Federal Realty Investment Trust by 68.1% in the 2nd quarter. Millennium Management LLC now owns 496,117 shares of the real estate investment trust’s stock valued at $62,784,000 after purchasing an additional 200,949 shares during the last quarter. Bank of Montreal Can raised its position in shares of Federal Realty Investment Trust by 176.9% in the 3rd quarter. Bank of Montreal Can now owns 109,058 shares of the real estate investment trust’s stock valued at $13,792,000 after purchasing an additional 69,675 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. purchased a new position in shares of Federal Realty Investment Trust in the 2nd quarter valued at approximately $8,317,000. 92.07% of the stock is owned by hedge funds and other institutional investors.

FRT stock opened at $124.05 on Monday. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 3.42 and a beta of 0.17. Federal Realty Investment Trust has a one year low of $106.41 and a one year high of $134.52. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.49.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.02. The business had revenue of $224.90 million during the quarter, compared to analyst estimates of $223.56 million. Federal Realty Investment Trust had a net margin of 31.64% and a return on equity of 12.76%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 earnings per share. Analysts predict that Federal Realty Investment Trust will post 6.19 earnings per share for the current year.

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.

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

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