Federal Realty Investment Trust (NYSE:FRT) close to 52-week high, short interest surging

Federal Realty Investment Trust (NYSE:FRT) (TREND ANALYSIS) shares were traded with a significant increase in volume. The stock closed last trading session at $143.49, down by -0.06%, with a volume of 792,280 shares against an average volume for the last 3 months of 427,077.

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Federal Realty Investment Trust (NYSE:FRT) stock is currently trading 5.04% below its 52-week-high, 14.91% above its 52-week-low. The 1-year stock price history is in the range of $124.87 – $151.11. Federal Realty Investment Trust (FRT) has a price to earnings ratio of 57.6 versus Financial sector average of 16.18. FRT stock price has outperformed the S&P 500 by 7%. The Retail REIT company is currently valued at $9.92 billion and its share price closed the last trading session at $143.49. The stock has a 50-day moving average of $138.77 and a 200-day moving average of $135.22.

Federal Realty Investment Trust (FRT) current short interest stands at 2.4 million shares. It has increased by 15% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.5 million shares, the number of days required to cover the short positions stand at 4.8 days.

The company is expected to announce next quarter earnings on November 04, at consensus estimate of $1.34. Federal Realty Investment Trust (FRT) reported last quarter earnings on August 05. The Retail REIT company announced earnings per share of $1.33 against a consensus Street estimate of $1.3, beating the average estimate by $0.03. This corresponds to an increase of $0.07 compared to the same quarter of the previous fiscal year.

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There are currently twenty analysts that cover Federal Realty Investment Trust stock. Of those twenty, six have a Buy rating, thirteen have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $142.88.

A recent analyst activity consisted of Jefferies reiterating their Hold stance on October 23. Jefferies decreased price target from $150 to $145. This corresponds to a 1.05% upside from the last closing price. On the date of report, the stock closed at $143.

Deutsche Bank reiterated their Hold stance on October 1, and increased their price target on FRT stock from $140 to $142. This corresponds to a 1.04% downside from the last closing price. On the date of report, the stock closed at $135.6.

Another research firm was Evercore Partners who reiterated their Buy stance on September 8. Evercore Partners decreased price target from $148 to $146. This translates to a 1.75% upside from the last closing price. On the date of report, the stock closed at $127.26.

Company profile

Federal Realty Investment Trust operates as a real estate investment trust, which engages in the ownership, management, development, and redevelopment of retail and mixed-use properties. As of June 30, 2005, it owned or had a majority interest in 103 community and neighborhood shopping centers, and retail mixed-use properties (excluding joint venture properties) comprising approximately 17.4 million square feet located primarily in strategic metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, it had 30% interest in approximately 0.5 million square feet of retail space through its joint venture with an affiliate of Clarion Lion Properties Fund, and one apartment complex in Maryland. The company has elected to be taxed as a REIT. As a REIT, it is not subject to federal income tax on taxable income that it distributes to its shareholders. The company was founded in 1962 and is headquartered in Rockville, Maryland.

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