Exclusive: Could Federal Realty Investment Trust Crash Even More? The Stock Had Another Big Decline Today

Exclusive: Could Federal Realty Investment Trust Crash Even More? The Stock Had Another Big Decline Today

The stock of Federal Realty Investment Trust (NYSE:FRT) is a huge mover today! The stock decreased 3.89% or $6 on October 3, hitting $148.08. Federal Realty Investment Trust (NYSE:FRT) has declined 2.13% since March 1, 2016 and is downtrending. It has underperformed by 14.35% the S&P500.
The move comes after 5 months negative chart setup for the $10.60B company. It was reported on Oct, 4 by Barchart.com. We have $137.71 PT which if reached, will make NYSE:FRT worth $742.00 million less.

Analysts await Federal Realty Investment Trust (NYSE:FRT) to report earnings on November, 2. They expect $1.43 earnings per share, up 5.15% or $0.07 from last year’s $1.36 per share. FRT’s profit will be $102.36M for 25.89 P/E if the $1.43 EPS becomes a reality. After $1.42 actual earnings per share reported by Federal Realty Investment Trust for the previous quarter, Wall Street now forecasts 0.70% EPS growth.

Federal Realty Investment Trust (NYSE:FRT) Ratings Coverage

Out of 12 analysts covering Federal Realty Investment Trust (NYSE:FRT), 2 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 17% are positive. Federal Realty Investment Trust has been the topic of 26 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Federal Realty Investment Trust (NYSE:FRT) on Wednesday, August 17 with “Hold” rating. On Thursday, October 22 the stock rating was downgraded by Raymond James to “Mkt Perform”. Citigroup maintained the stock with “Neutral” rating in Friday, April 1 report. On Thursday, October 1 the stock rating was maintained by Deutsche Bank with “Hold”. Citigroup maintained the stock with “Neutral” rating in Thursday, August 11 report. RBC Capital Markets downgraded the stock to “Underperform” rating in Friday, May 6 report. On Friday, August 7 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Buy” rating given on Friday, August 21 by Canaccord Genuity. The company was initiated on Friday, April 1 by DA Davidson. The stock of Federal Realty Investment Trust (NYSE:FRT) earned “Sector Perform” rating by RBC Capital Markets on Thursday, August 6.

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 2016 Q2. Its up 0.08, from 1.25 in 2016Q1. The ratio is positive, 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.
Kempen Capital Management Nv accumulated 0.28% or 14,597 shares. Capstone Asset Mngmt holds 0.04% of its portfolio in Federal Realty Investment Trust (NYSE:FRT) for 7,408 shares. Diam Ltd holds 0.49% or 201,142 shares in its portfolio. Envestnet Asset Mngmt Inc has 0.01% invested in the company for 19,935 shares. Td Asset Management Inc reported 53,532 shares or 0.02% of all its holdings. Moreover, Sumitomo Mitsui Trust Hldgs has 0.07% invested in Federal Realty Investment Trust (NYSE:FRT) for 260,386 shares. D E Shaw And holds 0.01% or 20,680 shares in its portfolio. The Texas-based Teacher Retirement Of Texas has invested 0.04% in Federal Realty Investment Trust (NYSE:FRT). Fifth Third Bancorp last reported 18,990 shares in the company. Rafferty Asset Limited Com holds 0.09% or 7,619 shares in its portfolio. Teachers Annuity Association Of America has 0.55% invested in the company for 75,721 shares. Andra Ap has 91,500 shares for 0.39% of their US portfolio. Quantitative Invest Ltd Liability Corporation reported 9,900 shares or 0.08% of all its holdings. Burt Wealth Advsrs last reported 0.22% of its portfolio in the stock. Amalgamated National Bank holds 0.06% or 6,295 shares in its portfolio.

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

More notable recent Federal Realty Investment Trust (NYSE:FRT) news were published by: Forbes.com which released: “Federal Realty Investment Trust Enters Oversold Territory” on August 16, 2016, also Prnewswire.com with their article: “Federal Realty Investment Trust Welcomes Dan Guglielmone As Executive Vice …” published on July 13, 2016, Prnewswire.com published: “Federal Realty Investment Trust Announces Third Quarter 2016 Earnings Release …” on September 12, 2016. More interesting news about Federal Realty Investment Trust (NYSE:FRT) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Federal Realty Investment Trust, LTC Properties and …” published on September 16, 2016 as well as Blogs.Wsj.com‘s news article titled: “CFO Moves: Federal Realty Investment Trust, Brixmor, LHC Group, Limelight” with publication date: April 13, 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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