Stifel Nicolaus Downgrades Federal Realty Investment Trust to Hold

Brokerage firm Stifel Nicolaus Downgrades its rating on Federal Realty Investment Trust(NYSE:FRT). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Stifel Nicolaus was issued on Jun 24, 2016.

In a different note, On May 6, 2016, RBC Capital said it Downgrades its rating on Federal Realty Investment Trust. The shares have been rated ‘Underperform’ by the firm. On Apr 1, 2016, Citigroup said it Maintains its rating on Federal Realty Investment Trust. In the research note, the firm Raises the price-target to $150.00 per share. The shares have been rated ‘Neutral’ by the firm. DA Davidson said it Initiates Coverage on Federal Realty Investment Trust, according to a research note issued on Apr 1, 2016. The shares have been rated ‘Neutral’ by the firm.

Federal Realty Investment Trust (FRT) made into the market gainers list on Wednesdays trading session with the shares advancing 0.95% or 1.55 points. Due to strong positive momentum, the stock ended at $163.98, which is also near the day’s high of $164.48. The stock began the session at $163.16 and the volume stood at 4,02,430 shares. The 52-week high of the shares is $164.48 and the 52 week low is $124.87. The company has a current market capitalization of $11,627 M and it has 7,09,04,085 shares in outstanding.

Federal Realty Investment Trust(FRT) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $198.34M. Analysts had an estimated revenue of $197.14M. Earnings per share were $1.38. Analysts had estimated an EPS of $1.37.

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.

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