Federal Realty Investment Trust (NYSE:FRT) Stock Rating Reaffirmed by Truist Financial

Federal Realty Investment Trust (NYSE:FRTGet Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Truist Financial in a report issued on Monday, Benzinga reports. They presently have a $117.00 price objective on the real estate investment trust’s stock. Truist Financial’s target price indicates a potential upside of 18.43% from the company’s current price.

FRT has been the topic of several other reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $109.00 price objective on the stock. Piper Sandler upped their price objective on Federal Realty Investment Trust from $116.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. Wells Fargo & Company raised Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $110.00 to $112.00 in a report on Thursday, February 29th. Scotiabank decreased their price target on Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 28th. Finally, Mizuho dropped their price objective on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average target price of $112.60.

Get Our Latest Report on Federal Realty Investment Trust

Federal Realty Investment Trust Trading Down 0.2 %

Shares of Federal Realty Investment Trust stock opened at $98.79 on Monday. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.60. The company has a fifty day simple moving average of $100.81 and a 200-day simple moving average of $97.44. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.84 and a beta of 1.21. Federal Realty Investment Trust has a 12-month low of $85.27 and a 12-month high of $107.61.

Federal Realty Investment Trust (NYSE:FRTGet Free Report) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $292.05 million. Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. Federal Realty Investment Trust’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $1.58 earnings per share. On average, equities analysts forecast that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Federal Realty Investment Trust

Hedge funds have recently bought and sold shares of the company. Van Lanschot Kempen Investment Management N.V. acquired a new stake in Federal Realty Investment Trust in the third quarter valued at $2,465,000. FMR LLC increased its holdings in Federal Realty Investment Trust by 195.8% during the 3rd quarter. FMR LLC now owns 135,818 shares of the real estate investment trust’s stock valued at $12,309,000 after acquiring an additional 89,898 shares in the last quarter. Royal London Asset Management Ltd. raised its position in Federal Realty Investment Trust by 1.3% during the third quarter. Royal London Asset Management Ltd. now owns 43,925 shares of the real estate investment trust’s stock worth $3,982,000 after acquiring an additional 545 shares during the last quarter. UBS Group AG lifted its holdings in shares of Federal Realty Investment Trust by 4.4% in the third quarter. UBS Group AG now owns 155,823 shares of the real estate investment trust’s stock valued at $14,122,000 after purchasing an additional 6,552 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Federal Realty Investment Trust by 101.4% in the third quarter. Barclays PLC now owns 354,022 shares of the real estate investment trust’s stock valued at $32,084,000 after purchasing an additional 178,285 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust

(Get Free Report)

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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Analyst Recommendations for Federal Realty Investment Trust (NYSE:FRT)

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