Federal Realty Investment Trust (NYSE:FRT) PT Raised to $116.00

Federal Realty Investment Trust (NYSE:FRT) had its target price raised by Mizuho from $104.00 to $116.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective would suggest a potential upside of 1.75% from the company’s current price.

A number of other equities analysts also recently issued reports on FRT. Piper Sandler increased their price target on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI dropped their price objective on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. JPMorgan Chase & Co. raised their price objective on Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Truist Financial dropped their price objective on Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. Finally, Wells Fargo & Company raised their price target on Federal Realty Investment Trust from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.36.

Federal Realty Investment Trust Trading Up 0.6 %

NYSE:FRT traded up $0.70 during midday trading on Monday, hitting $114.01. 71,029 shares of the company traded hands, compared to its average volume of 591,216. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59. The firm’s fifty day moving average is $105.99 and its 200-day moving average is $102.63. Federal Realty Investment Trust has a 12-month low of $85.59 and a 12-month high of $115.05. The firm has a market capitalization of $9.46 billion, a P/E ratio of 40.57, a P/E/G ratio of 2.26 and a beta of 1.23.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a return on equity of 10.14% and a net margin of 24.69%. The business had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $293.61 million. During the same quarter in the previous year, the business earned $1.67 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that Federal Realty Investment Trust will post 6.8 EPS for the current year.

Institutional Trading of Federal Realty Investment Trust

A number of institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Federal Realty Investment Trust during the fourth quarter worth $945,000. Louisiana State Employees Retirement System purchased a new stake in Federal Realty Investment Trust in the fourth quarter valued at $453,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in Federal Realty Investment Trust by 1.9% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 183,256 shares of the real estate investment trust’s stock valued at $18,885,000 after purchasing an additional 3,360 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Federal Realty Investment Trust by 2.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,309 shares of the real estate investment trust’s stock valued at $4,154,000 after purchasing an additional 907 shares during the period. Finally, abrdn plc raised its position in Federal Realty Investment Trust by 35.6% in the fourth quarter. abrdn plc now owns 48,015 shares of the real estate investment trust’s stock valued at $4,948,000 after purchasing an additional 12,600 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.

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.