Federal Realty Investment Trust (NYSE:FRT) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a hold rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

FRT has been the topic of a number of other reports. Weiss Ratings cut Federal Realty Investment Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. Evercore set a $123.00 price objective on Federal Realty Investment Trust in a research note on Monday, September 21st. Wolfe Research assumed coverage on Federal Realty Investment Trust in a research note on Wednesday, July 8th. They set an “outperform” rating and a $143.00 price objective for the company. Mizuho decreased their price objective on shares of Federal Realty Investment Trust from $130.00 to $117.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Federal Realty Investment Trust from $124.00 to $129.00 and gave the company an “overweight” rating in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $124.88.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $111.38 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.70 and a quick ratio of 1.70. Federal Realty Investment Trust has a 1 year low of $90.03 and a 1 year high of $128.21. The company’s 50 day simple moving average is $110.88 and its 200 day simple moving average is $112.97. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 2.70 and a beta of 0.93.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($1.11). Federal Realty Investment Trust had a net margin of 32.67% and a return on equity of 13.65%. The firm had revenue of $339.02 million during the quarter, compared to analyst estimates of $336.57 million. During the same quarter in the previous year, the firm earned $1.77 EPS. Federal Realty Investment Trust’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, research analysts predict that Federal Realty Investment Trust will post 7.54 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be given a $1.16 dividend. The ex-dividend date of this dividend is Monday, January 4th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 4.2%. Federal Realty Investment Trust’s payout ratio is presently 93.74%.

Insider Transactions at Federal Realty Investment Trust

In other news, Director Nicole Lamb-Hale sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $108.89, for a total value of $163,335.00. Following the completion of the transaction, the director directly owned 4,613 shares in the company, valued at $502,309.57. This trade represents a 24.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Federal Realty Investment Trust

Institutional investors have recently bought and sold shares of the company. North Dakota State Investment Board raised its holdings in Federal Realty Investment Trust by 3.7% during the third quarter. North Dakota State Investment Board now owns 2,623 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 93 shares during the last quarter. Pension & Wealth Management Advisors Inc. raised its holdings in shares of Federal Realty Investment Trust by 12.4% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 1,045 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 115 shares during the period. V Square Quantitative Management LLC boosted its position in Federal Realty Investment Trust by 4.1% in the 1st quarter. V Square Quantitative Management LLC now owns 2,965 shares of the real estate investment trust’s stock valued at $315,000 after buying an additional 117 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of Federal Realty Investment Trust by 0.9% in the first quarter. IFM Investors Pty Ltd now owns 13,990 shares of the real estate investment trust’s stock worth $1,486,000 after buying an additional 127 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Federal Realty Investment Trust by 6.0% during the third quarter. Versant Capital Management Inc now owns 2,347 shares of the real estate investment trust’s stock worth $254,000 after purchasing an additional 132 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates and redevelops high-quality retail and mixed-use properties. Its portfolio includes shopping centers, street retail, and mixed-use developments that combine retail, residential, office and hospitality uses.

The company focuses on densely populated, affluent communities and prominent locations in major metropolitan markets. Its properties are concentrated in regions including the Northeast, Mid-Atlantic, California and South Florida, and are leased to a broad range of retailers, restaurants, service providers and other commercial tenants.

Founded in 1962, Federal Realty has developed and managed properties designed to serve both local communities and national retailers.