Citigroup Reiterates Neutral Rating for Federal Realty Investment Trust (NYSE:FRT)

Federal Realty Investment Trust (NYSE:FRT)‘s stock had its “neutral” rating reiterated by stock analysts at Citigroup in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They currently have a $106.00 price target on the real estate investment trust’s stock, down from their prior price target of $135.00. Citigroup’s price objective suggests a potential upside of 9.44% from the stock’s current price.

FRT has been the subject of several other reports. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. 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 note on Friday, February 14th. Mizuho cut their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company lowered their target price on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Raymond James cut their price target on 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. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.62.

Federal Realty Investment Trust Price Performance

FRT opened at $96.86 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The stock 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. The company’s 50 day simple moving average is $103.95 and its 200-day simple moving average is $109.57. Federal Realty Investment Trust has a one year low of $94.58 and a one year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting analysts’ consensus estimates of $1.73. The firm had revenue of $311.44 million for 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%. Sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Federal Realty Investment Trust

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Federal Realty Investment Trust by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock worth $1,459,947,000 after purchasing an additional 218,671 shares in the last quarter. Norges Bank bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $810,544,000. JPMorgan Chase & Co. raised its holdings in shares of Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after acquiring an additional 168,885 shares during the period. Resolution Capital Ltd lifted its position in Federal Realty Investment Trust by 12.4% in the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust’s stock valued at $394,417,000 after acquiring an additional 389,266 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock valued at $341,833,000 after acquiring an additional 893,258 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

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.