BMO Capital Markets began coverage on shares of Federal Realty Investment Trust (NYSE:FRT) in a research report issued on Monday. The firm set an “outperform” rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the company. Citigroup Inc. reiterated a “buy” rating and set a $156.00 target price (down from $160.00) on shares of Federal Realty Investment Trust in a report on Sunday, June 11th. BidaskClub upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. 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 report on Friday, July 21st. Boenning Scattergood set a $140.00 target price on Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $136.00 target price on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $140.43.

Shares of Federal Realty Investment Trust (NYSE:FRT) traded up 0.67% during midday trading on Monday, hitting $130.25. The stock had a trading volume of 374,720 shares. Federal Realty Investment Trust has a 52 week low of $120.50 and a 52 week high of $160.15. The stock has a 50 day moving average price of $130.10 and a 200-day moving average price of $130.16. The stock has a market capitalization of $9.41 billion, a price-to-earnings ratio of 37.72 and a beta of 0.30.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.03. The firm had revenue of $208 million for the quarter, compared to analyst estimates of $208.33 million. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 earnings per share. Equities research analysts anticipate that Federal Realty Investment Trust will post $3.33 earnings per share for the current year.

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In related news, EVP Dawn M. Becker sold 21,814 shares of Federal Realty Investment Trust stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $130.91, for a total value of $2,855,670.74. Following the sale, the executive vice president now owns 145,809 shares of the company’s stock, valued at $19,087,856.19. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Donald C. Wood sold 2,772 shares of Federal Realty Investment Trust stock in a transaction dated 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. Insiders sold a total of 57,495 shares of company stock worth $7,538,395 in the last three months. Company insiders own 1.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Federal Realty Investment Trust by 1.0% in the second quarter. Vanguard Group Inc. now owns 12,396,763 shares of the real estate investment trust’s stock valued at $1,566,826,000 after acquiring an additional 120,301 shares during the last quarter. BlackRock Inc. increased its position in shares of Federal Realty Investment Trust by 2,290.9% in the first quarter. BlackRock Inc. now owns 7,899,071 shares of the real estate investment trust’s stock valued at $1,054,525,000 after acquiring an additional 7,568,695 shares during the last quarter. State Street Corp increased its position in shares of Federal Realty Investment Trust by 5.0% in the first quarter. State Street Corp now owns 5,927,826 shares of the real estate investment trust’s stock valued at $791,369,000 after acquiring an additional 281,592 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Federal Realty Investment Trust by 173.7% in the second quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock valued at $296,548,000 after acquiring an additional 1,489,133 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Federal Realty Investment Trust by 44.4% in the second quarter. Daiwa Securities Group Inc. now owns 2,201,475 shares of the real estate investment trust’s stock valued at $278,244,000 after acquiring an additional 677,382 shares during the last quarter. 93.94% of the stock is currently owned by institutional investors and hedge funds.

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)

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