Federal Realty Investment Trust (NYSE:FRT) PT Raised to $123.00

Federal Realty Investment Trust (NYSE:FRT) had its target price increased by equities researchers at Evercore ISI from $120.00 to $123.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s price objective would suggest a potential upside of 6.35% from the company’s current price.

A number of other brokerages have also recently issued reports on FRT. Wells Fargo & Company upped their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Truist Financial raised their price objective on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Compass Point boosted their target price on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Finally, Scotiabank lifted their price objective on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 26th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.85.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $115.66 on Monday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a 50 day moving average price of $112.46 and a 200 day moving average price of $104.96. The stock has a market capitalization of $9.59 billion, a PE ratio of 41.16, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. Federal Realty Investment Trust has a 52 week low of $85.59 and a 52 week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.36). The company had revenue of $295.80 million during the quarter, compared to analyst estimates of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS. Analysts predict that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at $771,020.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of FRT. Family Firm Inc. acquired a new stake in shares of Federal Realty Investment Trust during the second quarter valued at about $33,000. Blue Trust Inc. boosted its position in Federal Realty Investment Trust by 885.7% during the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 310 shares during the period. Tidemark LLC bought a new stake in Federal Realty Investment Trust during the 4th quarter worth approximately $40,000. Rothschild Investment LLC acquired a new position in Federal Realty Investment Trust in the 2nd quarter valued at approximately $42,000. Finally, Quarry LP acquired a new position in Federal Realty Investment Trust in the 4th quarter valued at approximately $50,000. Institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based 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 deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.