Federal Realty Investment Trust (NYSE:FRT – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at Truist Financial in a report issued on Monday, Benzinga reports. They presently have a $117.00 target price on the real estate investment trust’s stock. Truist Financial’s target price would indicate a potential upside of 18.15% from the company’s current price.
Several other equities research analysts have also commented on FRT. Barclays boosted their price objective on Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. Piper Sandler boosted their target price on Federal Realty Investment Trust from $116.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, December 20th. Evercore ISI upgraded Federal Realty Investment Trust from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $104.00 to $108.00 in a report on Monday, November 27th. Scotiabank decreased their price objective on Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Federal Realty Investment Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $109.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.60.
Get Our Latest Analysis on Federal Realty Investment Trust
Federal Realty Investment Trust Stock Performance
Shares of NYSE FRT traded down $0.50 during trading on Monday, reaching $99.03. 478,205 shares of the company traded hands, compared to its average volume of 686,415. The firm’s fifty day simple moving average is $100.87 and its 200 day simple moving average is $97.43. The stock has a market cap of $8.22 billion, a P/E ratio of 35.37, a PEG ratio of 2.84 and a beta of 1.21. Federal Realty Investment Trust has a 12-month low of $85.27 and a 12-month high of $107.61. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.60.
Federal Realty Investment Trust (NYSE:FRT – Get Free Report) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The company had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $292.05 million. During the same quarter in the previous year, the business posted $1.58 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, research analysts anticipate that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.
Institutional Trading of Federal Realty Investment Trust
Large investors have recently modified their holdings of the stock. RB Capital Management LLC purchased a new position in Federal Realty Investment Trust in the first quarter valued at $272,000. American Century Companies Inc. increased its holdings in Federal Realty Investment Trust by 119.6% in the first quarter. American Century Companies Inc. now owns 19,465 shares of the real estate investment trust’s stock valued at $2,376,000 after buying an additional 10,601 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Federal Realty Investment Trust by 25.4% in the first quarter. MetLife Investment Management LLC now owns 19,396 shares of the real estate investment trust’s stock valued at $2,368,000 after buying an additional 3,929 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in Federal Realty Investment Trust by 3.9% in the first quarter. Panagora Asset Management Inc. now owns 5,123 shares of the real estate investment trust’s stock valued at $625,000 after buying an additional 193 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Federal Realty Investment Trust by 7.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,467 shares of the real estate investment trust’s stock valued at $1,156,000 after buying an additional 679 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.
About Federal Realty Investment Trust
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty’s mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.
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