Worth Watching: Sentiment Change Report: Franklin Floating Rate Trust (NYSE:FRT)

November 29, 2016 - By Louis Casey   ·   0 Comments

Worth Watching: Sentiment Change Report: Franklin Floating Rate Trust (NYSE:FRT)

Sentiment for Franklin Floating Rate Trust (NYSE:FRT)

Franklin Floating Rate Trust (NYSE:FRT) institutional sentiment decreased to 1.17 in Q2 2016. Its down -0.14, from 1.31 in 2016Q1. The ratio has dropped, as 174 investment managers started new or increased equity positions, while 133 decreased and sold positions in Franklin Floating Rate Trust. The investment managers in our partner’s database now have: 64.03 million shares, down from 66.71 million shares in 2016Q1. Also, the number of investment managers holding Franklin Floating Rate Trust in their top 10 equity positions decreased from 7 to 5 for a decrease of 2. Sold All: 23 Reduced: 110 Increased: 139 New Position: 35.

Federal Realty Investment Trust is an equity real estate investment trust engaged in the ownership, management, and redevelopment of retail and mixed-use properties. The company has a market cap of $10.18 billion. 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. It has a 47.8 P/E ratio. The Firm owns approximately six retail real estate properties through a joint venture.

About 165,561 shares traded hands. Federal Realty Investment Trust (NYSE:FRT) has declined 8.01% since April 26, 2016 and is downtrending. It has underperformed by 13.27% the S&P500.

Analysts await Federal Realty Investment Trust (NYSE:FRT) to report earnings on February, 14. They expect $1.44 EPS, up 5.11% or $0.07 from last year’s $1.37 per share. FRT’s profit will be $103.55M for 24.58 P/E if the $1.44 EPS becomes a reality. After $1.41 actual EPS reported by Federal Realty Investment Trust for the previous quarter, Wall Street now forecasts 2.13% EPS growth.

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.”

Green Street Investors Llc holds 5.81% of its portfolio in Federal Realty Investment Trust for 43,000 shares. Grs Advisors Llc owns 100,000 shares or 4.62% of their US portfolio. Moreover, Presima Inc. has 4.01% invested in the company for 153,600 shares. The Australia-based Resolution Capital Ltd has invested 3.93% in the stock. Heitman Real Estate Securities Llc, a Illinois-based fund reported 421,663 shares.#img1#

Federal Realty Investment Trust (NYSE:FRT) Ratings Coverage

Ratings analysis reveals 15% of Federal Realty Investment Trust’s analysts are positive. Out of 13 Wall Street analysts rating Federal Realty Investment Trust, 2 give it “Buy”, 1 “Sell” rating, while 10 recommend “Hold”. The lowest target is $140 while the high is $176. The stock’s average target of $159.57 is 12.71% above today’s ($141.57) share price. FRT was included in 27 notes of analysts from July 21, 2015. The rating was downgraded by Sandler O’Neill on Monday, October 12 to “Hold”. The firm has “Neutral” rating given on Monday, October 3 by Boenning & Scattergood. As per Thursday, August 20, the company rating was upgraded by Credit Suisse. Evercore downgraded Federal Realty Investment Trust (NYSE:FRT) on Monday, January 25 to “Hold” rating. On Thursday, October 1 the stock rating was maintained by Deutsche Bank with “Hold”. On Friday, June 24 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The stock of Federal Realty Investment Trust (NYSE:FRT) earned “Hold” rating by Deutsche Bank on Monday, February 22. Jefferies maintained the shares of FRT in a report on Tuesday, August 23 with “Hold” rating. Mizuho upgraded the shares of FRT in a report on Monday, August 29 to “Buy” rating. Canaccord Genuity initiated it with “Buy” rating and $155 target price in Wednesday, July 22 report.

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.

More notable recent Federal Realty Investment Trust (NYSE:FRT) news were published by: Prnewswire.com which released: “Federal Realty Investment Trust announces appointment of Elizabeth Holland to …” on November 14, 2016, also Forbes.com with their article: “Federal Realty Investment Trust Enters Oversold Territory” published on August 16, 2016, Prnewswire.com published: “Federal Realty Investment Trust Announces Third Quarter 2016 Operating Results” on November 02, 2016. More interesting news about Federal Realty Investment Trust (NYSE:FRT) were released by: Prnewswire.com and their article: “Federal Realty Investment Trust Welcomes Dan Guglielmone As Executive Vice …” published on July 13, 2016 as well as Nasdaq.com‘s news article titled: “Federal Realty Investment Trust Becomes Oversold” with publication date: November 03, 2016.

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By Louis Casey


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