Truist Financial Downgrades Federal Realty Investment Trust (NYSE:FRT) to Hold

Federal Realty Investment Trust (NYSE:FRT) was downgraded by investment analysts at Truist Financial from a “buy” rating to a “hold” rating in a research note issued on Thursday,Briefing.com Automated Import reports. They presently have a $105.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $114.00. Truist Financial’s target price would indicate a potential upside of 8.22% from the company’s previous close.

Several other brokerages have also recently issued reports on FRT. Stifel Nicolaus dropped 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 report on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Mizuho dropped their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company dropped their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.77.

Federal Realty Investment Trust Stock Down 1.3 %

Shares of NYSE:FRT opened at $97.03 on Thursday. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week high of $118.34. The stock has a market cap of $8.31 billion, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The business’s 50 day moving average is $105.77 and its 200 day moving average is $110.93. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data 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. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. Sell-side analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FIL Ltd raised its stake in shares of 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 last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Federal Realty Investment Trust by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 110 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 111 shares in the last quarter. Park Avenue Securities LLC increased its stake 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 valued at $533,000 after purchasing an additional 125 shares in the last quarter. Finally, Keybank National Association OH increased its stake in shares of Federal Realty Investment Trust by 5.1% in the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 128 shares in the last quarter. Hedge funds and other 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.