Federal Realty Investment Trust (NYSE:FRT - Get Free Report) had its target price reduced by Scotiabank from $126.00 to $117.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "sector outperform" rating on the real estate investment trust's stock. Scotiabank's target price would suggest a potential upside of 13.40% from the stock's previous close.
Several other research firms also recently commented on FRT. Wells Fargo & Company decreased their price objective on Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Stifel Nicolaus decreased their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Raymond James decreased their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Mizuho decreased their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised Federal Realty Investment Trust from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Federal Realty Investment Trust has a consensus rating of "Moderate Buy" and a consensus target price of $121.85.
Check Out Our Latest Stock Report on Federal Realty Investment Trust
Federal Realty Investment Trust Stock Performance
Shares of NYSE FRT traded down $2.31 during trading on Friday, hitting $103.18. The company had a trading volume of 700,252 shares, compared to its average volume of 726,589. The stock has a 50 day simple moving average of $107.37 and a 200 day simple moving average of $111.56. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34. The firm has a market capitalization of $8.84 billion, a P/E ratio of 30.08, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24.
Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting the consensus estimate of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. As a group, analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.
Hedge Funds Weigh In On Federal Realty Investment Trust
A number of institutional investors and hedge funds have recently modified their holdings of the stock. FIL Ltd boosted its holdings in shares of Federal Realty Investment Trust by 0.3% in the 4th quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust's stock worth $3,984,000 after purchasing an additional 95 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Federal Realty Investment Trust by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust's stock worth $734,000 after purchasing an additional 110 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 111 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Federal Realty Investment Trust by 2.7% in the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust's stock worth $533,000 after purchasing an additional 125 shares during the period. Finally, Keybank National Association OH boosted its holdings in shares of Federal Realty Investment Trust by 5.1% in the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust's stock worth $293,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 93.86% of the company's stock.
Federal Realty Investment Trust Company Profile
(
Get Free Report)
Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.
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