Mizuho Securities Upgrades Federal Realty Investment Trust to Buy

Brokerage firm Mizuho Securities Upgrades its rating on Federal Realty Investment Trust(NYSE:FRT). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Mizuho Securities was issued on Aug 29, 2016.

In a different note, BTIG Research said it Initiates Coverage on Federal Realty Investment Trust, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm. On Aug 23, 2016, Jefferies said it Maintains its rating on Federal Realty Investment Trust. In the research note, the firm Lowers the price-target to $173.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 17, 2016, Deutsche Bank said it Maintains its rating on Federal Realty Investment Trust. In the research note, the firm Raises the price-target to $142.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 11, 2016, Citigroup said it Maintains its rating on Federal Realty Investment Trust. In the research note, the firm Raises the price-target to $157.00 per share. The shares have been rated ‘Neutral’ by the firm. Jefferies said it Initiates Coverage on Federal Realty Investment Trust, according to a research note issued on Jun 30, 2016. The shares have been rated ‘Hold’ by the firm. On Jun 24, 2016, Stifel Nicolaus said it Downgrades its rating on Federal Realty Investment Trust. The shares have been rated ‘Hold’ by the firm.

Federal Realty Investment Trust (FRT) shares turned negative on Thursdays trading session with the shares closing down -0.93 points or -0.58% at a volume of 2,59,880. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $159.08. The peak price level was also seen at $159.08 while the days lowest was $157.38. Finally the shares closed at $158.07. The 52-week high of the shares is $171.08 while the 52-week low is $125.09. According to the latest information available, the market cap of the company is $11,290 M.

Federal Realty Investment Trust has also declared a cash dividend of $0.9800 on Aug 4, 2016. The shares will quote ex-dividend on Sep 20, 2016 and the record date has been fixed on Sep 22, 2016. The dividend payable date has been fixed on Oct 17, 2016.

Federal Realty Investment Trust(FRT) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $197.98M. Analysts had an estimated revenue of $197.89M. Earnings per share were $1.42. Analysts had estimated an EPS of $1.41.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, Donald C Wood (Trustee, President and CEO) sold 18,701 shares at $158.15 per share price.Also, On May 11, 2016, Dawn M Becker (EVP-General Counsel & Sec) sold 13,314 shares at $158.44 per share price.

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company is engaged in the ownership management and redevelopment of retail and mixed-use properties. As of December 31 2014 the Company owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as 89 retail real estate projects comprising approximately 20.2 million square feet. These properties are located primarily in the Northeast and Mid-Atlantic regions of the United States as well as in California. As of December 31 2014 the Company owned six retail real estate projects totaling approximately 0.8 million square feet through a joint venture in which it owns a 30% interest. As of December 31 2014 the Company’s real estate projects were 95.6% leased and 94.7% occupied.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *