Scotiabank Forecasts Strong Price Appreciation for Federal Realty Investment Trust (NYSE:FRT) Stock

Federal Realty Investment Trust (NYSE:FRT) had its price objective lifted by analysts at Scotiabank from $111.00 to $113.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 20.80% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Wall Street Zen upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Citigroup reiterated a “neutral” rating and set a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Raymond James cut their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company cut their target price on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Finally, Mizuho decreased their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $115.64.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $93.55 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The firm has a market capitalization of $8.02 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. The stock’s 50-day simple moving average is $94.26 and its 200-day simple moving average is $103.86.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. During the same quarter last year, the company earned $1.64 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Federal Realty Investment Trust by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust’s stock worth $1,459,947,000 after purchasing an additional 218,671 shares during the period. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $810,544,000. JPMorgan Chase & Co. boosted its stake in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after buying an additional 168,885 shares in the last quarter. Resolution Capital Ltd boosted its stake in shares of Federal Realty Investment Trust by 12.4% in the fourth quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust’s stock valued at $394,417,000 after buying an additional 389,266 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Federal Realty Investment Trust by 41.4% in the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock valued at $341,833,000 after buying an additional 893,258 shares in the last quarter. Institutional investors and hedge funds 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.