Federal Realty Investment Trust (NYSE:FRT) Given New $117.00 Price Target at Scotiabank

Federal Realty Investment Trust (NYSE:FRT) had its target price lowered by Scotiabank from $126.00 to $117.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target indicates a potential upside of 10.86% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Raymond James lowered their price target on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $122.00 to $125.00 in a report on Friday, December 20th. Stifel Nicolaus lowered 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 report on Friday, February 14th. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Mizuho lowered their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.85.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT traded up $1.53 during midday trading on Friday, hitting $105.54. The company had a trading volume of 974,424 shares, compared to its average volume of 727,260. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The business has a 50-day simple moving average of $107.64 and a two-hundred day simple moving average of $111.67. Federal Realty Investment Trust has a twelve month low of $95.97 and a twelve month high of $118.34. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting 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 firm had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in 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 valued at $561,743,000 after buying an additional 168,885 shares in the last quarter. Principal Financial Group Inc. lifted its position in Federal Realty Investment Trust by 8.7% during the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after buying an additional 7,501 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in Federal Realty Investment Trust during the third quarter valued at approximately $1,322,000. Vert Asset Management LLC lifted its position in Federal Realty Investment Trust by 12.3% during the fourth quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock valued at $3,697,000 after buying an additional 3,617 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Federal Realty Investment Trust by 14.5% during the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 175 shares in the last quarter. 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.