Federal Realty (NYSE:FRT) has been downgraded from Outperform to Neutral in a report by Boenning & Scattergood today.
- Updated: October 2, 2016
Displaying a price of $153.93, Federal Realty (NYSE:FRT) traded 0.00% even on the day. With the last stock price close down -2.77% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $157.81 and a 200-day moving average of $158.31. 698,000 shares of Federal Realty traded, up from an avg. volume of 376,839
Boenning & Scattergood has downgraded Federal Realty (NYSE:FRT) from Outperform to Neutral in a statement released on 10/3/2016.
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With a total market value of $0, Federal Realty has 52 week low of $137.92 and a one year high of $171.08 with a PE ratio of 42.65 .
Also covering Federal Realty's target, a total of 17 equity analysts have released a research note on the company. The average stock price target is $156.12 with 3 firms rating the stock a strong buy, 3 equity analysts rating the company a buy, twelve brokerages rating the company a hold, one analyst rating the company a underperform, and lastly 0 brokers rating the stock a sell.
General Company Details For Federal Realty (NYSE:FRT)
Federal Realty Investment Trust 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. The Company owns approximately six retail real estate properties through a joint venture. The Trust's properties are located in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida. The Trust offers various options in specialty leasing and partnership marketing, which include carts and kiosks; temporary in-line store locations; holiday advertising and marketing, and environmental partnerships.
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