Federal Realty Investment Trust (NYSE:FRT – Get Rating) had its target price reduced by equities researchers at Truist Financial from $128.00 to $125.00 in a report issued on Friday, The Fly reports. Truist Financial’s price target would indicate a potential upside of 11.69% from the stock’s previous close.

Several other research firms have also commented on FRT. Mizuho reduced their price target on Federal Realty Investment Trust from $142.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday, February 15th. Raymond James raised shares of Federal Realty Investment Trust from a “market perform” rating to a “strong-buy” rating and set a $140.00 price objective on the stock in a research note on Thursday, May 12th. StockNews.com assumed coverage on shares of Federal Realty Investment Trust in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Federal Realty Investment Trust from $150.00 to $143.00 and set a “buy” rating on the stock in a research report on Thursday, March 31st. Finally, Capital One Financial upgraded shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $130.00 to $145.00 in a research report on Wednesday, February 9th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $134.00.

Shares of FRT stock traded down $1.99 during trading hours on Friday, hitting $111.92. The company’s stock had a trading volume of 328,277 shares, compared to its average volume of 511,158. The stock has a market cap of $8.89 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 3.27 and a beta of 1.09. Federal Realty Investment Trust has a 12-month low of $106.52 and a 12-month high of $140.51. The company has a 50 day moving average of $118.07 and a 200 day moving average of $123.07. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.61.

Federal Realty Investment Trust (NYSE:FRT – Get Rating) last posted its earnings results on Thursday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.81). The business had revenue of $256.80 million for the quarter, compared to analyst estimates of $249.13 million. Federal Realty Investment Trust had a net margin of 26.80% and a return on equity of 10.76%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 earnings per share. As a group, analysts anticipate that Federal Realty Investment Trust will post 5.98 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. purchased a new stake in shares of Federal Realty Investment Trust during the first quarter worth approximately $1,481,079,000. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $983,225,000. Dimensional Fund Advisors LP raised its position in shares of Federal Realty Investment Trust by 3,102.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,122,629 shares of the real estate investment trust’s stock valued at $137,044,000 after buying an additional 1,087,579 shares during the last quarter. Cohen & Steers Inc. acquired a new stake in shares of Federal Realty Investment Trust in the first quarter valued at about $118,617,000. Finally, Invesco Ltd. lifted its stake in shares of Federal Realty Investment Trust by 62.6% in the first quarter. Invesco Ltd. now owns 1,330,651 shares of the real estate investment trust’s stock worth $162,432,000 after buying an additional 512,382 shares in the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Company Profile (Get Rating)

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.

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