Investment analysts at Jefferies Group (NYSE: JEF) increased their earnings per share estimates on shares of Federal Realty Inv. Trust (NYSE: FRT) in a note issued to investors on Friday. The firm currently has a “hold” rating and a $103.00 price target on the company’s shares.
Federal Realty Inv. Trust traded down 0.57% on Friday, hitting $100.96. Federal Realty Inv. Trust has a 1-year low of $75.31 and a 1-year high of $101.38. The company has a market cap of $6.453 billion and a price-to-earnings ratio of 41.43.
Federal Realty Inv. Trust last released its earnings data on Monday, May 7th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts predict that Federal Realty Inv. Trust will post $1.07 earnings per share next quarter.
FRT has been the subject of a number of other recent research reports. Analysts at Cowen upgraded shares of Federal Realty Inv. Trust from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, March 23rd. Separately, analysts at RBC Capital (NYSE: RY) raised their price target on shares of Federal Realty Inv. Trust from $84.00 to $90.00 in a research note to investors on Tuesday, February 21st. They now have a “sector perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Federal Realty Inv. Trust in a research note to investors on Friday, February 17th. They now have a $101.00 price target on the stock.
Federal Realty Investment Trust (Trust) is an equity real estate investment trust (REIT) specializing in the ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities in strategically selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California.