Federal Realty Investment Trust (NYSE:FRT) Lowered to "Sell" Rating by Wall Street Zen

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Several other equities research analysts have also recently weighed in on FRT. Scotiabank reaffirmed an "outperform" rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. Wells Fargo & Company lowered their target price on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Citigroup reissued a "neutral" rating and set a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. BMO Capital Markets reiterated an "outperform" rating and issued a $110.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Finally, Raymond James Financial dropped their price objective on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $112.07.

Federal Realty Investment Trust Price Performance

Shares of FRT stock traded down $1.77 during mid-day trading on Friday, reaching $93.20. The company's stock had a trading volume of 380,956 shares, compared to its average volume of 715,206. The company has a market cap of $8.00 billion, a P/E ratio of 26.71, a PEG ratio of 3.79 and a beta of 1.09. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.72 and a current ratio of 1.72. The firm's 50-day moving average is $95.35 and its two-hundred day moving average is $99.05. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The firm had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The business's revenue was up 6.1% on a year-over-year basis. On average, research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Hedge Funds Weigh In On Federal Realty Investment Trust

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc boosted its holdings in Federal Realty Investment Trust by 82.3% during the 1st quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 130 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth $30,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Federal Realty Investment Trust during the 1st quarter worth $30,000. Federated Hermes Inc. lifted its stake in shares of Federal Realty Investment Trust by 143.9% during the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Finally, Dagco Inc. purchased a new stake in shares of Federal Realty Investment Trust during the 1st quarter worth $34,000. Institutional investors own 93.86% of the company's stock.

About Federal Realty Investment Trust

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.