Federal Realty Investment Trust (FRT) Price Target Cut to $144.00 by Analysts at Wells Fargo & Co

Federal Realty Investment Trust (NYSE:FRT) had its price target dropped by investment analysts at Wells Fargo & Co from $151.00 to $144.00 in a report released on Tuesday, February 6th. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Wells Fargo & Co’s price target indicates a potential upside of 28.81% from the stock’s previous close. The analysts noted that the move was a valuation call.

Several other analysts have also commented on FRT. Boenning Scattergood reaffirmed a “buy” rating and issued a $140.00 price target on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. Mizuho reiterated a “buy” rating and issued a $142.00 price objective on shares of Federal Realty Investment Trust in a research report on Friday, November 3rd. UBS Group upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $131.00 to $141.00 in a research report on Thursday, November 9th. Stifel Nicolaus initiated coverage on Federal Realty Investment Trust in a research report on Thursday, November 30th. They issued a “buy” rating and a $144.00 price objective for the company. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $142.00 price objective on shares of Federal Realty Investment Trust in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $139.92.

Shares of Federal Realty Investment Trust (FRT) traded up $0.97 during mid-day trading on Tuesday, reaching $111.79. The company had a trading volume of 355,617 shares, compared to its average volume of 576,077. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.27. The firm has a market cap of $8,070.23, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.98 and a beta of 0.23. Federal Realty Investment Trust has a twelve month low of $106.41 and a twelve month high of $143.79.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.57. The business had revenue of $223.96 million for the quarter, compared to analyst estimates of $218.68 million. Federal Realty Investment Trust had a return on equity of 12.87% and a net margin of 33.81%. During the same quarter in the previous year, the firm earned $0.80 EPS. research analysts anticipate that Federal Realty Investment Trust will post 6.17 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Inc. raised its position in shares of Federal Realty Investment Trust by 27.4% during the second quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 297 shares during the last quarter. Advisor Partners LLC bought a new stake in shares of Federal Realty Investment Trust during the third quarter worth $203,000. Magnetar Financial LLC bought a new stake in shares of Federal Realty Investment Trust during the third quarter worth $207,000. Lourd Capital LLC bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $211,000. Finally, American Assets Capital Advisers LLC bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $212,000. Hedge funds and other institutional investors own 94.47% of the company’s stock.

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Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

Analyst Recommendations for Federal Realty Investment Trust (NYSE:FRT)

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