Federal Realty Investment Trust (NYSE:FRT) PT Raised to $120.00 at Raymond James

Federal Realty Investment Trust (NYSE:FRT) had its price objective raised by investment analysts at Raymond James from $108.00 to $120.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ target price would suggest a potential upside of 5.90% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on FRT. Evercore ISI reduced their price objective on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Mizuho upped their price objective on Federal Realty Investment Trust from $101.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. increased their price objective on Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Piper Sandler boosted their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $109.00 to $110.00 in a research report on Monday, April 22nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.27.

Federal Realty Investment Trust Trading Up 0.2 %

Shares of Federal Realty Investment Trust stock opened at $113.31 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.69 and a quick ratio of 1.69. The business has a fifty day simple moving average of $105.99 and a two-hundred day simple moving average of $102.64. Federal Realty Investment Trust has a 1 year low of $85.59 and a 1 year high of $115.05. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 2.26 and a beta of 1.23.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.36). The company had revenue of $295.80 million during the quarter, compared to the consensus estimate of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.14%. Federal Realty Investment Trust’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 earnings per share. Research analysts forecast that Federal Realty Investment Trust will post 6.8 EPS for the current year.

Institutional Trading of Federal Realty Investment Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP lifted its stake in Federal Realty Investment Trust by 269.9% during the second quarter. Quarry LP now owns 1,498 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 1,093 shares during the last quarter. Algert Global LLC raised its holdings in shares of Federal Realty Investment Trust by 40.6% during the 2nd quarter. Algert Global LLC now owns 26,048 shares of the real estate investment trust’s stock worth $2,630,000 after buying an additional 7,520 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its holdings in shares of Federal Realty Investment Trust by 7.6% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 6,926 shares of the real estate investment trust’s stock worth $699,000 after buying an additional 489 shares in the last quarter. Millennium Management LLC lifted its position in shares of Federal Realty Investment Trust by 304.0% during the 2nd quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock worth $41,963,000 after buying an additional 312,726 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C acquired a new stake in Federal Realty Investment Trust in the second quarter valued at about $255,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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.