Federal Realty Investment Trust (NYSE:FRT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Federal Realty posted third-quarter 2016 funds from operations (FFO) per share of $1.41, which missed the Zacks Consensus Estimate by $0.01. However, the bottom line came in higher than the prior-year quarter figure of $1.36. The company’s portfolio of high-quality shopping centers located in densely populated and prosperous communities and diverse tenant base positions it well for growth. Further, its strong balance sheet and continuous efforts to raise dividend are encouraging. However, there is a decline in the availability of tenants to fill anchor spaces. Also, any perceptible fall in the ability of the tenants to pay base rent, will negatively impact its operating results.”

Several other equities analysts have also recently commented on the stock. Boenning Scattergood cut shares of Federal Realty Investment Trust from an “outperform” rating to a “neutral” rating in a research report on Monday, October 3rd. Citigroup Inc. raised their price target on shares of Federal Realty Investment Trust from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, August 11th. Royal Bank Of Canada raised their price target on shares of Federal Realty Investment Trust from $130.00 to $140.00 and gave the company an “underperform” rating in a research report on Monday, August 8th. BTIG Research initiated coverage on shares of Federal Realty Investment Trust in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. Finally, Mizuho raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $162.00 to $176.00 in a research report on Monday, August 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Federal Realty Investment Trust has an average rating of “Hold” and an average target price of $160.80.

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

Shares of Federal Realty Investment Trust (NYSE:FRT) opened at 140.74 on Monday. The stock’s 50 day moving average is $143.05 and its 200-day moving average is $155.24. Federal Realty Investment Trust has a one year low of $134.39 and a one year high of $171.08. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 38.28 and a beta of 0.36.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $1.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by $0.01. Federal Realty Investment Trust had a net margin of 32.89% and a return on equity of 10.87%. The business earned $201.20 million during the quarter, compared to analysts’ expectations of $200.07 million. During the same period in the prior year, the business earned $1.36 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts predict that Federal Realty Investment Trust will post $5.60 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in FRT. Vanguard Group Inc. raised its position in Federal Realty Investment Trust by 2.9% in the second quarter. Vanguard Group Inc. now owns 11,818,648 shares of the real estate investment trust’s stock worth $1,956,578,000 after buying an additional 332,826 shares in the last quarter. State Street Corp raised its position in Federal Realty Investment Trust by 1.5% in the second quarter. State Street Corp now owns 5,216,971 shares of the real estate investment trust’s stock worth $863,668,000 after buying an additional 76,297 shares in the last quarter. BlackRock Fund Advisors raised its position in Federal Realty Investment Trust by 4.2% in the third quarter. BlackRock Fund Advisors now owns 2,832,565 shares of the real estate investment trust’s stock worth $436,017,000 after buying an additional 114,732 shares in the last quarter. BlackRock Group LTD raised its position in Federal Realty Investment Trust by 6.2% in the third quarter. BlackRock Group LTD now owns 1,136,205 shares of the real estate investment trust’s stock worth $174,895,000 after buying an additional 66,776 shares in the last quarter. Finally, Northern Trust Corp raised its position in Federal Realty Investment Trust by 0.8% in the third quarter. Northern Trust Corp now owns 1,104,756 shares of the real estate investment trust’s stock worth $170,055,000 after buying an additional 8,924 shares in the last quarter. Hedge funds and other institutional investors own 91.61% of the company’s stock.

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Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT) engaged in the ownership, management, and redevelopment of retail and mixed-use properties. The Trust owns or holds interests in community and neighborhood shopping centers and mixed-use properties, which are operated as approximately 90 retail real estate projects consisting approximately 21.4 million square feet, located primarily in the Northeast and Mid-Atlantic regions of the United States, as well as in California.

5 Day Chart for NYSE:FRT

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