The stock of Federal Realty Investment Trust (NYSE:FRT) gapped down by $0.49 today and has $134.75 target or 9.00% below today’s $148.08 share price. The 5 months technical chart setup indicates high risk for the $10.60 billion company. The gap down was reported on Oct, 4 by Barchart.com. If the $134.75 price target is reached, the company will be worth $954.00 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 3.80% or $5.85 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.
Analysts await Federal Realty Investment Trust (NYSE:FRT) to report earnings on November, 2. They expect $1.43 EPS, 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 EPS 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. The rating was downgraded by Evercore on Monday, January 25 to “Hold”. The stock of Federal Realty Investment Trust (NYSE:FRT) earned “Hold” rating by Sandler O’Neill on Monday, October 12. The firm has “Neutral” rating by DA Davidson given on Friday, April 1. Stifel Nicolaus downgraded Federal Realty Investment Trust (NYSE:FRT) on Friday, June 24 to “Hold” rating. The firm earned “Buy” rating on Monday, August 29 by Mizuho. The stock of Federal Realty Investment Trust (NYSE:FRT) earned “Sector Perform” rating by RBC Capital Markets on Thursday, August 6. The rating was maintained by Deutsche Bank with “Hold” on Monday, February 22. Canaccord Genuity maintained Federal Realty Investment Trust (NYSE:FRT) on Friday, August 7 with “Buy” rating. Citigroup maintained it with “Neutral” rating and $160 target price in Thursday, August 11 report. The company was upgraded on Thursday, September 3 by Raymond James.
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 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.
National Pension Service reported 54,505 shares or 0.08% of all its holdings. Mizuho Asset Mgmt Coltd holds 0.02% or 810 shares in its portfolio. Exxonmobil Tx, a Texas-based fund reported 18,354 shares. Franklin Res Incorporated accumulated 141,015 shares or 0.01% of the stock. Co Bank & Trust holds 0.01% or 2,502 shares in its portfolio. Point72 Asia (Hong Kong) Limited has 200 shares for 0.04% of their US portfolio. Parkwood Limited Liability Company owns 3,149 shares or 0.09% of their US portfolio. Prudential Fincl Incorporated has invested 0.21% of its portfolio in Federal Realty Investment Trust (NYSE:FRT). Voya Investment Limited Liability has 48,598 shares for 0.02% of their US portfolio. Moreover, Cubist Systematic Strategies Limited Com has 0.01% invested in Federal Realty Investment Trust (NYSE:FRT) for 1,379 shares. Shinko Asset Mngmt Com Ltd accumulated 2.09% or 1.80 million shares. Hsbc Holding Public Limited Company last reported 177,710 shares in the company. Sentry Investments accumulated 0.22% or 141,205 shares. Silvercrest Asset Management Group Limited Liability Corporation holds 2,000 shares or 0% of its portfolio. Comml Bank Of Nova Scotia last reported 1,390 shares in the company.
Insider Transactions: Since May 9, 2016, the stock had 0 buys, and 2 selling transactions for $5.07 million net activity. $2.96M worth of Federal Realty Investment Trust (NYSE:FRT) was sold by WOOD DONALD C. The insider BECKER DAWN M sold $2.11M.
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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