Deutsche Bank Aktiengesellschaft Upgrades Federal Realty Investment Trust (NYSE:FRT) to Buy

Federal Realty Investment Trust (NYSE:FRT) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a note issued to investors on Monday, Marketbeat Ratings reports. The firm presently has a $110.00 target price on the real estate investment trust’s stock, up from their previous target price of $109.00. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 6.96% from the company’s previous close.

Several other research firms have also commented on FRT. Barclays lifted their price objective on shares of 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. Bank of America increased their price objective on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Truist Financial restated a “buy” rating and set a $117.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Wells Fargo & Company raised Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $110.00 to $112.00 in a research note on Thursday, February 29th. Finally, Mizuho decreased their price target on Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus target price of $112.70.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $102.84 on Monday. The firm has a fifty day simple moving average of $100.17 and a two-hundred day simple moving average of $98.32. Federal Realty Investment Trust has a 52 week low of $85.27 and a 52 week high of $107.61. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $8.53 billion, a P/E ratio of 36.82, a PEG ratio of 2.83 and a beta of 1.21.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 EPS 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 business had revenue of $291.50 million during the quarter, compared to the consensus estimate of $292.05 million. During the same period in the previous year, the business posted $1.58 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. On average, analysts expect that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several hedge funds have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Federal Realty Investment Trust by 20.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 97 shares during the period. State of Michigan Retirement System lifted its holdings in Federal Realty Investment Trust by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 20,162 shares of the real estate investment trust’s stock worth $2,078,000 after buying an additional 100 shares during the period. Treasurer of the State of North Carolina boosted its position in Federal Realty Investment Trust by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 36,527 shares of the real estate investment trust’s stock valued at $3,310,000 after acquiring an additional 130 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Federal Realty Investment Trust by 7.6% in the 1st quarter. GAMMA Investing LLC now owns 1,837 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 130 shares during the period. Finally, Mariner LLC increased its holdings in shares of Federal Realty Investment Trust by 2.2% in the 3rd quarter. Mariner LLC now owns 6,264 shares of the real estate investment trust’s stock valued at $568,000 after acquiring an additional 134 shares during the period. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

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.