Federal Realty Investment Trust (NYSE:FRT) Price Target Lowered to $113.00 at Wells Fargo & Company

Federal Realty Investment Trust (NYSE:FRT) had its target price cut by investment analysts at Wells Fargo & Company from $125.00 to $113.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target points to a potential upside of 16.66% from the company’s previous close.

Several other analysts have also weighed in on the company. Scotiabank decreased their price objective on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Mizuho decreased their price target on shares of 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. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Raymond James decreased their target price on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. 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 for the company in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.85.

Federal Realty Investment Trust Trading Down 0.7 %

Shares of FRT stock opened at $96.86 on Wednesday. The firm has a market capitalization of $8.30 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a 1 year low of $94.58 and a 1 year high of $118.34. The firm’s fifty day simple moving average is $103.95 and its 200 day simple moving average is $109.57. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (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 company had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. As a group, sell-side analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $365,000. Park Square Financial Group LLC acquired a new stake in Federal Realty Investment Trust in the 4th quarter valued at about $30,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $8,860,000. Employees Retirement System of Texas lifted its holdings in Federal Realty Investment Trust by 20.3% during the 4th quarter. Employees Retirement System of Texas now owns 71,000 shares of the real estate investment trust’s stock worth $7,948,000 after buying an additional 12,000 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Federal Realty Investment Trust in the 4th quarter valued at $8,665,000. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile

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.