Zacks Investment Research upgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a sell rating to a hold rating in a research report report published on Tuesday morning.

According to Zacks, “Federal Realty is poised to grow on the back of high-quality shopping centers in premium locations, diverse tenant base with long-term lease, efforts to expand in premium markets and decent balance sheet. Yet, the tenants are now taking more time to close new lease deals as they have become more selective. Also, there is a decline in the number of tenants available to fill anchor spaces. Moreover, mall traffic continues to dwindle amid a rapid shift in customers’ shopping preferences with non-store sales rising significantly. Further, anticipated hike in interest rate in the near term adds to its woes. Amid this, though shares of Federal Realty were down quarter to date, the decline was less than that of the Zacks categorized REIT and Equity Trust – Retail industry. Also, over the past seven days, the full-year 2016 estimates for funds from operations (FFO) per share remained unchanged.”

Several other equities research analysts have also recently commented on FRT. Credit Suisse Group AG cut Federal Realty Investment Trust from an outperform rating to a neutral rating and increased their price target for the company from $168.00 to $170.00 in a report on Friday, August 5th. Jefferies Group reaffirmed a hold rating and issued a $173.00 price target on shares of Federal Realty Investment Trust in a report on Friday, August 5th. Royal Bank Of Canada increased their price target on Federal Realty Investment Trust from $130.00 to $140.00 and gave the company an underperform rating in a report on Monday, August 8th. RBC Capital Markets reaffirmed an underperform rating and issued a $140.00 price target (up previously from $130.00) on shares of Federal Realty Investment Trust in a report on Wednesday, August 10th. Finally, Citigroup Inc. raised their target price on Federal Realty Investment Trust from $157.00 to $160.00 and gave the stock a neutral rating in a research note on Thursday, August 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. Federal Realty Investment Trust currently has a consensus rating of Hold and an average target price of $160.80.

Shares of Federal Realty Investment Trust (NYSE:FRT) opened at 141.80 on Tuesday. The firm has a 50 day moving average price of $142.58 and a 200 day moving average price of $154.85. 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 $10.18 billion, a PE ratio of 38.56 and a beta of 0.36.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $1.41 EPS for the quarter, missing the 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 company earned $201.20 million during the quarter, compared to analyst estimates of $200.07 million. During the same period in the prior year, the business posted $1.36 EPS. Federal Realty Investment Trust’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts predict that Federal Realty Investment Trust will post $5.60 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the company. Oakbrook Investments LLC boosted its stake in Federal Realty Investment Trust by 15.1% in the second quarter. Oakbrook Investments LLC now owns 4,194 shares of the real estate investment trust’s stock worth $694,000 after buying an additional 550 shares during the period. Hartford Investment Management Co. boosted its stake in Federal Realty Investment Trust by 2.3% in the second quarter. Hartford Investment Management Co. now owns 17,456 shares of the real estate investment trust’s stock worth $2,890,000 after buying an additional 386 shares during the period. Standard Life Investments LTD boosted its stake in Federal Realty Investment Trust by 7.4% in the second quarter. Standard Life Investments LTD now owns 85,217 shares of the real estate investment trust’s stock worth $14,108,000 after buying an additional 5,858 shares during the period. Trust Co. of Toledo NA OH boosted its stake in Federal Realty Investment Trust by 0.4% in the second quarter. Trust Co. of Toledo NA OH now owns 10,565 shares of the real estate investment trust’s stock worth $1,749,000 after buying an additional 44 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Federal Realty Investment Trust by 1.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 260,386 shares of the real estate investment trust’s stock worth $43,107,000 after buying an additional 3,770 shares during the period. 89.52% of the stock is owned by institutional investors.

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.

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