Barclays Reaffirms Equal Weight Rating for Federal Realty Investment Trust (NYSE:FRT)

Federal Realty Investment Trust (NYSE:FRT)‘s stock had its “equal weight” rating restated by stock analysts at Barclays in a research note issued to investors on Tuesday, MarketBeat reports. They presently have a $106.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $113.00. Barclays‘s price objective would indicate a potential upside of 10.18% from the company’s previous close.

A number of other research firms have also recently issued reports on FRT. LADENBURG THALM/SH SH upgraded Federal Realty Investment Trust to a “strong-buy” rating in a research report on Tuesday, September 9th. Mizuho boosted their price target on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Stifel Nicolaus set a $104.50 price objective on shares of Federal Realty Investment Trust in a research note on Friday, October 31st. Wells Fargo & Company began coverage on shares of Federal Realty Investment Trust in a report on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price objective for the company. Finally, Wall Street Zen cut shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $107.96.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $96.21 on Tuesday. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.09. The business has a 50-day moving average of $98.48 and a two-hundred day moving average of $96.64. The stock has a market capitalization of $8.30 billion, a P/E ratio of 24.36, a P/E/G ratio of 3.78 and a beta of 1.14. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. The business had revenue of $321.97 million for the quarter, compared to analyst estimates of $318.73 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. Federal Realty Investment Trust’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $1.71 EPS. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. On average, equities research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hilltop National Bank acquired a new position in shares of Federal Realty Investment Trust in the 2nd quarter valued at $28,000. GKV Capital Management Co. Inc. bought a new position in Federal Realty Investment Trust during the first quarter worth about $30,000. Spire Wealth Management grew its position in shares of Federal Realty Investment Trust by 365.3% during the 2nd quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 263 shares during the period. Federated Hermes Inc. increased its stake in shares of Federal Realty Investment Trust by 143.9% in the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 200 shares during the last quarter. Finally, Dagco Inc. bought a new stake in shares of Federal Realty Investment Trust in the 1st quarter valued at about $34,000. 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.