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

Federal Realty Investment Trust (NYSE:FRT) had its target price decreased by Scotiabank from $126.00 to $117.00 in a report released on Friday,Benzinga reports. The firm currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s target price points to a potential upside of 10.86% from the stock’s current price.

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $122.00 to $125.00 in a research note on Friday, December 20th. Stifel Nicolaus dropped their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Raymond James dropped their price target 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. Finally, Wells Fargo & Company decreased their price objective on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.85.

Federal Realty Investment Trust Stock Up 1.5 %

FRT opened at $105.54 on Friday. The company has a market cap of $9.04 billion, a P/E ratio of 30.77, a P/E/G ratio of 2.20 and a beta of 1.24. The business’s 50-day moving average price is $107.51 and its 200-day moving average price is $111.63. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.73. The company had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. On average, equities analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Institutional Trading of Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Federal Realty Investment Trust by 1.7% in 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 position in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $810,544,000. JPMorgan Chase & Co. increased its position in shares of Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after acquiring an additional 168,885 shares during the period. Resolution Capital Ltd increased its position in shares of Federal Realty Investment Trust by 12.4% during the fourth quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust’s stock worth $394,417,000 after acquiring an additional 389,266 shares during the period. Finally, Invesco Ltd. increased its position in shares of Federal Realty Investment Trust by 41.4% during the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock worth $341,833,000 after acquiring an additional 893,258 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

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.