Federal Realty Investment Trust (FRT) Getting Somewhat Favorable Press Coverage, Report Finds
Media coverage about Federal Realty Investment Trust (NYSE:FRT) has been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Federal Realty Investment Trust earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.8577534781406 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several research firms have issued reports on FRT. Bank of America Corporation upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $140.00 to $146.00 in a research note on Friday, July 21st. Citigroup Inc. increased their target price on shares of Federal Realty Investment Trust from $147.00 to $148.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. Evercore ISI cut shares of Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 target price on the stock. in a research note on Monday, August 14th. Boenning Scattergood set a $140.00 target price on shares of Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, BidaskClub upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $140.43.
Federal Realty Investment Trust (NYSE FRT) opened at 128.20 on Friday. Federal Realty Investment Trust has a one year low of $120.50 and a one year high of $160.89. The company has a market cap of $9.26 billion, a price-to-earnings ratio of 37.13 and a beta of 0.29. The stock has a 50 day moving average of $130.08 and a 200-day moving average of $130.65.
Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.03. Federal Realty Investment Trust had a net margin of 28.42% and a return on equity of 11.58%. The business had revenue of $208 million for the quarter, compared to the consensus estimate of $208.33 million. During the same quarter in the previous year, the firm earned $1.42 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts predict that Federal Realty Investment Trust will post $3.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $4.00 annualized dividend and a yield of 3.12%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s payout ratio is currently 113.62%.
In other news, EVP Dawn M. Becker sold 2,281 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $133.05, for a total value of $303,487.05. Following the transaction, the executive vice president now owns 123,744 shares of the company’s stock, valued at $16,464,139.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donald C. Wood sold 2,772 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $133.06, for a total transaction of $368,842.32. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
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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.
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