Federal Realty Investment Trust (NYSE:FRT - Get Free Report) had its target price cut by investment analysts at Raymond James from $125.00 to $117.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Raymond James' price target would indicate a potential upside of 12.19% from the company's current price.
FRT has been the subject of several other research reports. Scotiabank increased their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a "sector outperform" rating in a report on Monday, November 25th. StockNews.com upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $122.00 to $125.00 in a research report on Friday, December 20th. Wells Fargo & Company dropped their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus dropped their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.23.
Read Our Latest Stock Analysis on FRT
Federal Realty Investment Trust Stock Down 0.2 %
FRT traded down $0.25 during trading hours on Tuesday, hitting $104.29. 620,490 shares of the company's stock were exchanged, compared to its average volume of 737,484. Federal Realty Investment Trust has a 1-year low of $95.97 and a 1-year high of $118.34. The stock's 50-day moving average is $108.40 and its two-hundred day moving average is $111.91. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 2.21 and a beta of 1.24. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45.
Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its earnings results 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 net margin of 24.38% and a return on equity of 9.89%. The business had revenue of $311.44 million during the quarter, compared to analysts' expectations of $311.85 million. Sell-side analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.
Institutional Trading of Federal Realty Investment Trust
Hedge funds have recently modified their holdings of the stock. NBC Securities Inc. lifted its stake in shares of Federal Realty Investment Trust by 81.7% during the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock worth $27,000 after buying an additional 107 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Federal Realty Investment Trust in the 3rd quarter worth about $36,000. Eastern Bank acquired a new stake in Federal Realty Investment Trust in the 3rd quarter worth about $52,000. Kapitalo Investimentos Ltda acquired a new stake in Federal Realty Investment Trust in the 4th quarter worth about $51,000. Finally, Venturi Wealth Management LLC raised its stake in Federal Realty Investment Trust by 244.9% in the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.
About Federal Realty Investment Trust
(
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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