Federal Realty Investment Trust (NYSE:FRT) Stock Price Down 5% on Analyst Downgrade

Federal Realty Investment Trust (NYSE:FRT) shares dropped 5% on Friday after Stifel Nicolaus lowered their price target on the stock from $115.75 to $115.00. Stifel Nicolaus currently has a hold rating on the stock. Federal Realty Investment Trust traded as low as $106.33 and last traded at $106.19. Approximately 621,921 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 684,870 shares. The stock had previously closed at $111.82.

A number of other equities research analysts have also recently commented on the stock. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company cut their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and increased their price target for the company from $122.00 to $125.00 in a report on Friday, December 20th. Finally, Scotiabank increased their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRT. Sanctuary Advisors LLC bought a new position in Federal Realty Investment Trust during the second quarter valued at approximately $228,000. CWM LLC raised its position in Federal Realty Investment Trust by 10.9% in the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 110 shares during the period. Exchange Traded Concepts LLC raised its position in Federal Realty Investment Trust by 44.0% in the third quarter. Exchange Traded Concepts LLC now owns 1,967 shares of the real estate investment trust’s stock worth $226,000 after acquiring an additional 601 shares during the period. Creative Planning raised its position in Federal Realty Investment Trust by 18.8% in the third quarter. Creative Planning now owns 7,784 shares of the real estate investment trust’s stock worth $895,000 after acquiring an additional 1,230 shares during the period. Finally, NBC Securities Inc. raised its position in Federal Realty Investment Trust by 81.7% in the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 107 shares during the period. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Down 6.1 %

The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $8.71 billion, a P/E ratio of 30.53, a P/E/G ratio of 2.34 and a beta of 1.24. The company’s 50-day simple moving average is $109.06 and its two-hundred day simple moving average is $112.13.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.67% and a return on equity of 10.01%. As a group, research analysts expect that Federal Realty Investment Trust will post 6.77 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.19%. Federal Realty Investment Trust’s payout ratio is presently 127.91%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.