UBS AG upgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a neutral rating to a buy rating in a report released on Thursday morning, www.benzinga.com reports. They currently have $141.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $131.00.

FRT has been the subject of several other reports. BMO Capital Markets started coverage on shares of Federal Realty Investment Trust in a research note on Monday, September 11th. They set an outperform rating and a $145.00 price objective for the company. Jefferies Group LLC reiterated a hold rating and issued a $136.00 target price on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. BidaskClub upgraded shares of Federal Realty Investment Trust from a hold rating to a buy rating in a research note on Monday, July 24th. Boenning Scattergood reiterated a buy rating and issued a $140.00 target price on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. Finally, Mizuho reiterated a buy rating and issued a $142.00 target price on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $140.50.

Shares of Federal Realty Investment Trust (NYSE FRT) traded up $0.57 during midday trading on Thursday, reaching $132.01. 374,600 shares of the company’s stock traded hands, compared to its average volume of 470,910. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.23. Federal Realty Investment Trust has a twelve month low of $119.37 and a twelve month high of $145.80. The firm has a market cap of $9,576.91, a PE ratio of 22.41, a price-to-earnings-growth ratio of 5.04 and a beta of 0.31.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.50 EPS for the quarter, beating the consensus estimate of $1.47 by $0.03. Federal Realty Investment Trust had a net margin of 35.50% and a return on equity of 13.28%. The business had revenue of $217.95 million during the quarter, compared to analysts’ expectations of $213.63 million. During the same period in the previous year, the business posted $1.41 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. sell-side analysts forecast that Federal Realty Investment Trust will post 5.91 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Friday, December 29th. Federal Realty Investment Trust’s dividend payout ratio is currently 97.56%.

In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 21,814 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $130.91, for a total value of $2,855,670.74. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. Also, insider Donald C. Wood sold 9,286 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $131.12, for a total transaction of $1,217,580.32. The disclosure for this sale can be found here. Insiders sold 52,442 shares of company stock valued at $6,866,065 in the last three months. 1.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Federal Realty Investment Trust by 1.0% during the second quarter. Vanguard Group Inc. now owns 12,396,763 shares of the real estate investment trust’s stock worth $1,566,826,000 after purchasing an additional 120,301 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Federal Realty Investment Trust by 43.9% during the third quarter. JPMorgan Chase & Co. now owns 3,376,898 shares of the real estate investment trust’s stock worth $420,257,000 after purchasing an additional 1,030,604 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Federal Realty Investment Trust by 44.4% during the second quarter. Daiwa Securities Group Inc. now owns 2,201,475 shares of the real estate investment trust’s stock worth $278,244,000 after purchasing an additional 677,382 shares in the last quarter. PGGM Investments lifted its position in shares of Federal Realty Investment Trust by 4.8% during the third quarter. PGGM Investments now owns 1,299,000 shares of the real estate investment trust’s stock worth $161,349,000 after purchasing an additional 60,000 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. lifted its position in shares of Federal Realty Investment Trust by 199.9% during the second quarter. Uniplan Investment Counsel Inc. now owns 1,168,479 shares of the real estate investment trust’s stock worth $49,926,000 after purchasing an additional 778,865 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors.

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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