Stock of the Day: Federal Realty Investment Trust Just Reaches Yearly Low?

Stock of the Day: Federal Realty Investment Trust Just Reaches Yearly Low?

The stock of Federal Realty Investment Trust (NYSE:FRT) hit a new 52-week low and has $127.45 target or 7.00% below today’s $137.04 share price. The 9 months bearish chart indicates high risk for the $9.69B company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $127.45 price target is reached, the company will be worth $678.30M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 623,581 shares traded hands or 38.44% up from the average. Federal Realty Investment Trust (NYSE:FRT) has declined 10.55% since April 1, 2016 and is downtrending. It has underperformed by 11.76% the S&P500.

Federal Realty Investment Trust (NYSE:FRT) Ratings Coverage

Out of 13 analysts covering Federal Realty Investment Trust (NYSE:FRT), 2 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 15% are positive. Federal Realty Investment Trust has been the topic of 27 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Friday, August 21, the company rating was maintained by Citigroup. The rating was upgraded by RBC Capital Markets on Thursday, August 6 to “Sector Perform”. The firm earned “Neutral” rating on Monday, October 3 by Boenning & Scattergood. As per Friday, May 6, the company rating was downgraded by RBC Capital Markets. The firm has “Hold” rating by Evercore given on Monday, January 25. Jefferies maintained the shares of FRT in a report on Tuesday, August 23 with “Hold” rating. Deutsche Bank maintained it with “Hold” rating and $142 target price in Monday, July 18 report. The rating was upgraded by Mizuho on Monday, August 29 to “Buy”. The firm has “Hold” rating by Stifel Nicolaus given on Friday, June 24. The company was maintained on Friday, August 21 by Canaccord Genuity.

According to Zacks Investment Research, “Federal Realty Investment Trust is an owner, operator & redeveloper of retail properties. The Trust’s strategy is to acquire older, well-located properties in prime, densely populated & affluent areas & to enhance their operating performance through a program of renovation, expansion, reconfiguration & retenanting. The Trust’s traditional focus has been on community & neighborhood shopping centers that are anchored by supermarkets, drug stores or high volume, value oriented retailers that provide consumer necessities.”

Insitutional Activity: The institutional sentiment increased to 1.33 in Q2 2016. Its up 0.08, from 1.25 in 2016Q1. The ratio improved, as 22 funds sold all Federal Realty Investment Trust shares owned while 110 reduced positions. 34 funds bought stakes while 141 increased positions. They now own 64.05 million shares or 3.99% less from 66.71 million shares in 2016Q1.
Price T Rowe Md holds 0.09% or 2.51M shares in its portfolio. Pggm Investments holds 1.63% of its portfolio in Federal Realty Investment Trust (NYSE:FRT) for 1.93 million shares. Iowa Bancorp holds 1,200 shares or 0.09% of its portfolio. Cleararc Capital last reported 1,706 shares in the company. Utah Retirement Systems holds 15,086 shares or 0.07% of its portfolio. Raymond James And Associate last reported 0% of its portfolio in the stock. Blackrock Gp Ltd last reported 0.09% of its portfolio in the stock. Dupont Mgmt has 6,014 shares for 0.02% of their US portfolio. Td Asset Mngmt Incorporated has invested 0.02% of its portfolio in Federal Realty Investment Trust (NYSE:FRT). Metropolitan Life Insurance Ny has invested 0.05% of its portfolio in Federal Realty Investment Trust (NYSE:FRT). Credit Suisse Ag, a Switzerland-based fund reported 397,578 shares. Oregon Employees Retirement Fund owns 7,339 shares or 0.03% of their US portfolio. Amp Capital Investors Limited last reported 0.92% of its portfolio in the stock. Great West Life Assurance Can owns 96,778 shares or 0.05% of their US portfolio. Amica Retiree Tru, a Rhode Island-based fund reported 722 shares.

Insider Transactions: Since May 9, 2016, the stock had 0 insider purchases, and 2 sales for $5.07 million net activity. Shares for $2.96M were sold by WOOD DONALD C. 13,314 shares were sold by BECKER DAWN M, worth $2.11M on Monday, May 9.

More notable recent Federal Realty Investment Trust (NYSE:FRT) news were published by: Nasdaq.com which released: “Federal Realty Investment Trust Becomes Oversold” on November 03, 2016, also Forbes.com with their article: “Federal Realty Investment Trust Enters Oversold Territory” published on August 16, 2016, Prnewswire.com published: “Federal Realty Investment Trust Welcomes Dan Guglielmone As Executive Vice …” on July 13, 2016. More interesting news about Federal Realty Investment Trust (NYSE:FRT) were released by: Reuters.com and their article: “BRIEF-Federal Realty Investment Trust Q3 FFO per share $1.41” published on November 02, 2016 as well as Prnewswire.com‘s news article titled: “Federal Realty Investment Trust Announces James M. Taylor To Step Down From …” with publication date: April 12, 2016.

FRT Company Profile

Federal Realty Investment Trust, incorporated on May 21, 1999, is an equity real estate investment trust (REIT) engaged in the ownership, management, and redevelopment of retail and mixed-use properties. The Trust owns or holds interests in community and neighborhood shopping centers and mixed-use properties, which are operated as approximately 90 retail real estate projects consisting approximately 21.4 million square feet, located primarily in the Northeast and Mid-Atlantic regions of the United States, as well as in California.

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