Federal Realty Investment Trust (NYSE:FRT) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Key Points

• Federal Realty Investment Trust shares rose above their 50-day moving average of $111.13, trading as high as $111.91 and closing near $111.61.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $124.62, despite several firms recently lowering their targets.
• The REIT reported quarterly revenue of $335.71 million, exceeding estimates, but earnings per share of $0.97 fell well short of the $1.85 consensus; institutional investors own 93.86% of its stock.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $111.13 and traded as high as $111.91. Federal Realty Investment Trust shares last traded at $111.6110, with a volume of 1,391,085 shares.

Wall Street Analyst Weigh In

FRT has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Federal Realty Investment Trust from $124.00 to $129.00 and gave the stock an "overweight" rating in a research report on Friday, September 4th. Wells Fargo & Company lowered their price target on shares of Federal Realty Investment Trust from $126.00 to $119.00 and set an "overweight" rating for the company in a report on Friday, October 23rd. Mizuho dropped their price objective on shares of Federal Realty Investment Trust from $130.00 to $117.00 and set an "outperform" rating for the company in a research report on Thursday, September 24th. Scotiabank dropped their price objective on shares of Federal Realty Investment Trust from $128.00 to $126.00 and set a "sector outperform" rating for the company in a research report on Thursday, September 17th. Finally, Wolfe Research assumed coverage on Federal Realty Investment Trust in a report on Wednesday, July 8th. They set an "outperform" rating and a $143.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.62.

Federal Realty Investment Trust Price Performance

The company's 50 day simple moving average is $111.13 and its 200 day simple moving average is $112.88. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market cap of $9.64 billion, a P/E ratio of 22.55, a P/E/G ratio of 2.70 and a beta of 0.93.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $1.85 by ($0.88). Federal Realty Investment Trust had a return on equity of 13.65% and a net margin of 32.67%. The firm had revenue of $335.71 million for the quarter, compared to the consensus estimate of $331.92 million. During the same period in the prior year, the business earned $1.91 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that Federal Realty Investment Trust will post 7.54 earnings per share for the current year.

Insiders Place Their Bets

In other Federal Realty Investment Trust news, Director Nicole Lamb-Hale sold 1,500 shares of Federal Realty Investment Trust stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $108.89, for a total transaction of $163,335.00. Following the transaction, the director directly owned 4,613 shares in the company, valued at approximately $502,309.57. The trade was a 24.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds have recently modified their holdings of the business. Wellington Management Group LLP bought a new stake in shares of Federal Realty Investment Trust in the second quarter valued at about $59,832,000. Resolution Capital Ltd boosted its position in shares of Federal Realty Investment Trust by 10.3% during the first quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust's stock worth $387,090,000 after buying an additional 340,524 shares during the period. First Trust Advisors LP grew its holdings in shares of Federal Realty Investment Trust by 693.9% during the first quarter. First Trust Advisors LP now owns 382,058 shares of the real estate investment trust's stock worth $40,578,000 after buying an additional 333,931 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Federal Realty Investment Trust by 90.2% during the first quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust's stock worth $54,114,000 after buying an additional 241,684 shares in the last quarter. Finally, Adelante Capital Management LLC bought a new position in shares of Federal Realty Investment Trust during the second quarter worth about $27,480,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates and redevelops high-quality retail and mixed-use properties. Its portfolio includes shopping centers, street retail, and mixed-use developments that combine retail, residential, office and hospitality uses.

The company focuses on densely populated, affluent communities and prominent locations in major metropolitan markets. Its properties are concentrated in regions including the Northeast, Mid-Atlantic, California and South Florida, and are leased to a broad range of retailers, restaurants, service providers and other commercial tenants.

Founded in 1962, Federal Realty has developed and managed properties designed to serve both local communities and national retailers.

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