Federal Realty Investment Trust (NYSE:FRT) Price Target Cut to $114.00

Federal Realty Investment Trust (NYSE:FRT) had its price objective lowered by investment analysts at Evercore ISI from $115.00 to $114.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s price objective would suggest a potential upside of 11.75% from the stock’s current price.

FRT has been the subject of several other reports. Barclays lifted their price objective on Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Truist Financial reiterated a “buy” rating and issued a $117.00 price target on shares of Federal Realty Investment Trust in a research note on Monday, March 25th. Bank of America increased their price objective on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Scotiabank decreased their target price on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 28th. Finally, Mizuho lowered their price target on Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.30.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $102.01 on Friday. The stock’s 50-day simple moving average is $100.75 and its two-hundred day simple moving average is $99.14. Federal Realty Investment Trust has a twelve month low of $85.27 and a twelve month high of $107.61. The firm has a market capitalization of $8.46 billion, a P/E ratio of 36.30, a P/E/G ratio of 1.94 and a beta of 1.20. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.60.

Federal Realty Investment Trust (NYSE:FRT) last posted 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 20.55% and a return on equity of 8.34%. The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $292.05 million. During the same quarter in the prior year, the company earned $1.58 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake in 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 grew its stake 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 valued at $2,078,000 after acquiring an additional 100 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Federal Realty Investment Trust by 0.4% in 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 during the last quarter. GAMMA Investing LLC lifted its stake in 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 worth $188,000 after purchasing an additional 130 shares in the last quarter. Finally, Mariner LLC boosted its holdings in shares of Federal Realty Investment Trust by 2.2% during the 3rd quarter. Mariner LLC now owns 6,264 shares of the real estate investment trust’s stock valued at $568,000 after purchasing an additional 134 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.