Federal Realty (FRT) Receives a Hold from Jefferies


Jefferies analyst George Hoglund reiterated a Hold rating on Federal Realty (NYSE: FRT) today and set a price target of $128. The company’s shares opened today at $125.63.

According to TipRanks.com, Hoglund is a 2-star analyst with an average return of 1.7% and a 43.2% success rate. Hoglund covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Retail Properties of America Inc, and Extra Space Storage.

Federal Realty has an analyst consensus of Strong Buy, with a price target consensus of $135.67.

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Based on Federal Realty’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $59.37 million. In comparison, last year the company had a net profit of $57.23 million.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Donald C. Wood, the Trustee, President and CEO of FRT sold 20,000 shares for a total of $2,427,648.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the ownership, management, acquisition and redevelopment of high quality retail focus properties. The company was founded by Samuel J. Gorlitz in 1962 and is headquartered in Rockville, MD.

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