Federal Realty Investment Trust (NYSE:FRT) Upgraded to Buy by Mizuho

Mizuho upgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a neutral rating to a buy rating in a report released on Friday morning, 24/7 WallStreet reports. They currently have $146.00 target price on the real estate investment trust’s stock.

A number of other analysts have also recently commented on the stock. Capital One Financial upgraded shares of Federal Realty Investment Trust from an equal weight rating to an overweight rating in a research note on Monday, June 17th. BMO Capital Markets reiterated a buy rating and issued a $135.00 target price on shares of Federal Realty Investment Trust in a research note on Monday, August 5th. Compass Point began coverage on shares of Federal Realty Investment Trust in a research note on Thursday, August 15th. They issued a buy rating and a $142.00 target price for the company. Raymond James upgraded shares of Federal Realty Investment Trust from a market perform rating to an outperform rating and set a $143.00 target price for the company in a research note on Tuesday, May 28th. Finally, Deutsche Bank upgraded shares of Federal Realty Investment Trust from a hold rating to a buy rating and lifted their target price for the stock from $134.00 to $141.00 in a research note on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Federal Realty Investment Trust has an average rating of Buy and an average target price of $142.88.

Shares of Federal Realty Investment Trust stock opened at $134.62 on Friday. The firm’s 50 day moving average price is $131.42 and its 200-day moving average price is $132.29. 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 52-week low of $115.09 and a 52-week high of $139.29. The company has a market cap of $10.18 billion, a P/E ratio of 21.61, a PEG ratio of 4.16 and a beta of 0.46.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 23rd will be paid a $1.05 dividend. The ex-dividend date of this dividend is Friday, September 20th. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. This represents a $4.20 dividend on an annualized basis and a yield of 3.12%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 65.49%.

A number of hedge funds have recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Federal Realty Investment Trust by 4.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,438 shares of the real estate investment trust’s stock worth $2,760,000 after purchasing an additional 975 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Federal Realty Investment Trust by 2.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 37,887 shares of the real estate investment trust’s stock worth $4,878,000 after purchasing an additional 814 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its stake in Federal Realty Investment Trust by 200.0% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 300 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 200 shares during the period. Magnetar Financial LLC lifted its stake in Federal Realty Investment Trust by 394.2% during the 2nd quarter. Magnetar Financial LLC now owns 9,524 shares of the real estate investment trust’s stock valued at $1,226,000 after acquiring an additional 7,597 shares during the period. Finally, UBS Group AG lifted its stake in Federal Realty Investment Trust by 22.9% during the 2nd quarter. UBS Group AG now owns 132,771 shares of the real estate investment trust’s stock valued at $17,096,000 after acquiring an additional 24,704 shares during the period. Institutional investors own 88.45% of the company’s stock.

About Federal Realty Investment Trust

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.

See Also: What does a neutral rating on stocks mean?

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

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.