Federal Realty Investment Trust (NYSE: FRT) Price target lowered to $125.00 at Truist Financial

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Federal Realty Investment Trust (NYSE: FRT – Get Rating) saw its target price reduced by equity researchers at Truist Financial from $128.00 to $125.00 in a report on Friday, reports The Fly. Truist Financial’s price target would point to a potential upside of 11.69% from the stock’s previous close.

Several other research companies also commented on the FRT. Mizuho cut its price target on Federal Realty Investment Trust from $142.00 to $129.00 and set a “buy” rating for the company in a Tuesday, February 15 research report. Raymond James upgraded Federal Realty Investment Trust shares from a “market perform” rating to a “strong buy” rating and set a price target of $140.00 on the stock in a memo. research on Thursday, May 12. StockNews.com took over coverage of Federal Realty Investment Trust stocks in a Thursday, March 31 research note. They issued a “holding” rating for the company. Deutsche Bank Aktiengesellschaft lowered its price target on Federal Realty Investment Trust shares from $150.00 to $143.00 and set a “buy” rating on the stock in a Thursday, March 31 research report. Finally, Capital One Financial upgraded shares of Federal Realty Investment Trust from a “weighted” rating to an “overweight” rating and raised its price target for the stock from $130.00 to $145.00 in a Wednesday, February 9 research report. Five analysts gave the stock a hold rating, seven gave the company a buy rating and one gave the company a high buy rating. According to MarketBeat.com, the stock currently has a consensus buy quote and a consensus price target of $134.00.

FRT shares were down $1.99 during Friday trading hours, hitting $111.92. The company’s stock had a trading volume of 328,277 shares, compared to an average volume of 511,158. The stock has a market capitalization of $8.89 billion, a PE ratio of 34.12, a price/ growth earnings of 3.27 and a beta of 1.09. Federal Realty Investment Trust has a 12 month low of $106.52 and a 12 month high of $140.51. The company has a 50-day moving average of $118.07 and a 200-day moving average of $123.07. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt ratio of 1.61.

Federal Realty Investment Trust (NYSE:FRT – Get Rating) last released its results on Thursday, May 5. The real estate investment trust reported earnings per share (EPS) of $0.63 for the quarter, missing analyst consensus estimates of $1.44 per ($0.81). The company posted revenue of $256.80 million for the quarter, versus analyst estimates of $249.13 million. Federal Realty Investment Trust had a net margin of 26.80% and a return on equity of 10.76%. The company’s revenue for the quarter increased 17.7% year over year. In the same quarter a year earlier, the company had earned earnings per share of $1.17. As a group, analysts expect Federal Realty Investment Trust to post earnings per share of 5.98 for the current fiscal year.

Several large investors have recently changed their stake in the company. Vanguard Group Inc. purchased a new stake in shares of Federal Realty Investment Trust during the first quarter for a value of approximately $1,481,079,000. Norges Bank bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter for a value of $983,225,000. Dimensional Fund Advisors LP increased its position in Federal Realty Investment Trust shares by 3,102.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,122,629 shares of the real estate investment trust worth $137,044,000 after purchasing an additional 1,087,579 shares in the last quarter. Cohen & Steers Inc. acquired a new stake in shares of Federal Realty Investment Trust in the first quarter valued at approximately $118,617,000. Finally, Invesco Ltd. increased its stake in shares of Federal Realty Investment Trust by 62.6% in the first quarter. Invesco Ltd. now owns 1,330,651 shares of the real estate investment trust worth $162,432,000 after purchasing an additional 512,382 shares last quarter. 86.07% of the shares are currently held by hedge funds and other institutional investors.

Federal Realty Investment Trust Company Profile (Get a rating)

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high quality commercial properties located primarily in major coastal markets from Washington, DC to Boston, as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty’s mission is to provide long-term sustainable growth by investing in communities where retail demand exceeds supply.

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