Federal Realty Investment Trust (NYSE:FRT) Rating Lowered to “Hold” at Truist Financial

Federal Realty Investment Trust (NYSE:FRT) was downgraded by stock analysts at Truist Financial from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a $105.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $114.00. Truist Financial’s price target points to a potential upside of 9.22% from the stock’s previous close.

A number of other equities analysts also recently commented on FRT. Mizuho reduced their price objective 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. Raymond James reduced their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus reduced their price objective on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Wells Fargo & Company reduced 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 research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of $119.77.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $96.13 on Thursday. The company has a 50 day moving average price of $105.48 and a 200-day moving average price of $110.82. 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 $94.58 and a fifty-two week high of $118.34. The company has a market capitalization of $8.24 billion, a PE ratio of 28.03, a P/E/G ratio of 2.20 and a beta of 1.27.

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

Hedge Funds Weigh In On Federal Realty Investment Trust

Hedge funds have recently made changes to their positions in the company. Park Square Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $30,000. Brooklyn Investment Group acquired a new position in shares of Federal Realty Investment Trust in the 3rd quarter valued at $36,000. Kapitalo Investimentos Ltda acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $51,000. Venturi Wealth Management LLC increased its position in shares of Federal Realty Investment Trust by 244.9% in the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 333 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 111 shares during the period. 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.