Federal Realty Investment Trust (NYSE:FRT) Price Target Cut to $117.00 by Analysts at Raymond James

Federal Realty Investment Trust (NYSE:FRT) had its target price dropped by equities research analysts at Raymond James from $125.00 to $117.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price objective points to a potential upside of 11.52% from the stock’s current price.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and upped their target price for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Stifel Nicolaus decreased their price objective 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. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Scotiabank boosted their price target on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Finally, Wells Fargo & Company lowered their price objective on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.23.

Federal Realty Investment Trust Stock Down 0.1 %

Shares of FRT traded down $0.12 during midday trading on Tuesday, reaching $104.92. 927,965 shares of the company were exchanged, compared to its average volume of 728,065. Federal Realty Investment Trust has a 1-year low of $95.97 and a 1-year high of $118.34. The stock has a 50-day moving average price of $108.88 and a 200-day moving average price of $112.07. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 30.50, a P/E/G ratio of 2.34 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting the consensus estimate 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 10.01% and a net margin of 24.67%. Research analysts expect that Federal Realty Investment Trust will post 6.77 earnings per share for the current year.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several large investors have recently added to or reduced their stakes in FRT. Norges Bank acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at $810,544,000. Centersquare Investment Management LLC lifted its position in Federal Realty Investment Trust by 935.8% in the 4th quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust’s stock valued at $116,654,000 after purchasing an additional 941,414 shares during the last quarter. Invesco Ltd. boosted its stake in Federal Realty Investment Trust by 41.4% during 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 purchasing an additional 893,258 shares during the period. Janus Henderson Group PLC grew its position in Federal Realty Investment Trust by 1,463.8% in the 3rd quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock worth $70,251,000 after purchasing an additional 572,008 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Federal Realty Investment Trust by 73.4% in the fourth quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust’s stock valued at $138,231,000 after purchasing an additional 522,531 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.

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.