Scotiabank Has Lowered Expectations for Federal Realty Investment Trust (NYSE:FRT) Stock Price

Federal Realty Investment Trust (NYSE:FRT) had its price objective cut by stock analysts at Scotiabank from $114.00 to $113.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s target price indicates a potential upside of 11.00% from the stock’s current price.

FRT has been the topic of several other reports. Wall Street Zen raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. UBS Group set a $113.00 price objective on Federal Realty Investment Trust in a research report on Wednesday. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and increased their target price for the company from $107.00 to $114.00 in a report on Thursday, December 18th. Barclays restated a “positive” rating and set a $107.00 price target on shares of Federal Realty Investment Trust in a research note on Tuesday. Finally, Jefferies Financial Group raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $101.00 to $115.00 in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $110.30.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $101.80 on Wednesday. The firm’s 50-day moving average price is $99.42 and its 200-day moving average price is $97.89. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $111.82. The company has a market cap of $8.78 billion, a PE ratio of 25.84, a PEG ratio of 3.66 and a beta of 1.01. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.52.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.01. The firm had revenue of $321.97 million during the quarter, compared to analysts’ expectations of $318.73 million. Federal Realty Investment Trust had a net margin of 27.65% and a return on equity of 11.12%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.71 earnings per share. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. As a group, analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Federal Realty Investment Trust by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 13,273,108 shares of the real estate investment trust’s stock worth $1,260,813,000 after acquiring an additional 244,854 shares during the period. Norges Bank bought a new position in shares of Federal Realty Investment Trust in the second quarter worth approximately $690,507,000. State Street Corp increased its stake in shares of Federal Realty Investment Trust by 1.4% in the third quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock worth $675,610,000 after purchasing an additional 90,127 shares in the last quarter. Resolution Capital Ltd increased its stake in shares of Federal Realty Investment Trust by 11.8% in the second quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock worth $310,109,000 after purchasing an additional 344,189 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Federal Realty Investment Trust by 3.1% during the 2nd quarter. Invesco Ltd. now owns 2,712,912 shares of the real estate investment trust’s stock valued at $257,700,000 after purchasing an additional 82,312 shares during the period. 93.86% of the stock is currently owned by institutional investors.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.