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

Federal Realty Investment Trust (NYSE:FRT) had its price objective reduced by research analysts at Wells Fargo & Company from $125.00 to $113.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 15.65% from the company’s current price.

Several other research analysts also recently issued reports on FRT. Raymond James dropped 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 note on Tuesday, February 18th. Scotiabank lowered 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 research report on Friday, February 28th. Stifel Nicolaus cut their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.85.

Federal Realty Investment Trust Stock Down 0.6 %

Shares of NYSE:FRT opened at $97.71 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The stock has a fifty day simple moving average of $104.37 and a two-hundred day simple moving average of $109.87. Federal Realty Investment Trust has a 12-month low of $94.58 and a 12-month high of $118.34. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results 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. The firm had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. On average, research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several institutional investors have recently modified their holdings of FRT. FIL Ltd raised its holdings in Federal Realty Investment Trust by 0.3% during the 4th quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust’s stock valued at $3,984,000 after buying an additional 95 shares during the period. Oregon Public Employees Retirement Fund increased its position in Federal Realty Investment Trust by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock valued at $734,000 after acquiring an additional 110 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 111 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Federal Realty Investment Trust by 2.7% in the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock worth $533,000 after acquiring an additional 125 shares during the last quarter. Finally, Keybank National Association OH boosted its stake in shares of Federal Realty Investment Trust by 5.1% during the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 128 shares during the period. 93.86% of the stock is owned by institutional investors.

About Federal Realty Investment Trust

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.