Federal Realty Investment Trust (NYSE:FRT) Rating Lowered to Sell at ValuEngine

Federal Realty Investment Trust (NYSE:FRT) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Wednesday, ValuEngine reports.

A number of other analysts have also issued reports on the company. Deutsche Bank upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $134.00 to $141.00 in a research note on Thursday, September 5th. Capital One Financial upgraded Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 17th. Mizuho upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $146.00 price objective on the stock in a research note on Friday, September 13th. BMO Capital Markets reiterated a “buy” rating and set a $135.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, August 5th. Finally, Compass Point began coverage on Federal Realty Investment Trust in a research note on Thursday, August 15th. They set a “buy” rating and a $142.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Federal Realty Investment Trust has an average rating of “Buy” and an average price target of $142.88.

Shares of NYSE:FRT traded up $0.68 during midday trading on Wednesday, reaching $135.93. 278,768 shares of the company traded hands, compared to its average volume of 520,692. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.41. Federal Realty Investment Trust has a 12 month low of $115.09 and a 12 month high of $139.29. The firm has a market capitalization of $10.14 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 4.38 and a beta of 0.45. The firm’s fifty day moving average price is $132.88 and its two-hundred day moving average price is $132.50.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. Federal Realty Investment Trust had a return on equity of 11.13% and a net margin of 27.82%. The company had revenue of $229.73 million for the quarter, compared to analyst estimates of $232.00 million. During the same period in the previous year, the company posted $1.55 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts forecast that Federal Realty Investment Trust will post 6.39 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Federal Realty Investment Trust by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 11,812,062 shares of the real estate investment trust’s stock worth $1,520,921,000 after acquiring an additional 113,923 shares during the last quarter. Invesco Ltd. increased its stake in Federal Realty Investment Trust by 2.2% in the 2nd quarter. Invesco Ltd. now owns 2,426,225 shares of the real estate investment trust’s stock worth $312,401,000 after acquiring an additional 53,274 shares during the last quarter. PGGM Investments increased its stake in Federal Realty Investment Trust by 47.9% in the 2nd quarter. PGGM Investments now owns 1,907,362 shares of the real estate investment trust’s stock worth $245,592,000 after acquiring an additional 617,362 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Federal Realty Investment Trust by 94.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,311,496 shares of the real estate investment trust’s stock worth $168,869,000 after acquiring an additional 638,193 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Federal Realty Investment Trust by 2.1% in the 2nd quarter. Northern Trust Corp now owns 1,292,983 shares of the real estate investment trust’s stock worth $166,484,000 after acquiring an additional 27,118 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

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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