Federal Realty Investment Trust (NYSE:FRT) PT Raised to $135.00 at Piper Sandler

Federal Realty Investment Trust (NYSE:FRT) had its target price upped by equities research analysts at Piper Sandler from $122.00 to $135.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Piper Sandler’s price objective would suggest a potential upside of 20.02% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Mizuho upped their price objective on shares of Federal Realty Investment Trust from $101.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, May 23rd. Scotiabank upped their price objective on shares of Federal Realty Investment Trust from $109.00 to $112.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $109.00 to $110.00 in a research report on Monday, April 22nd. Evercore ISI lowered their price objective on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Finally, Bank of America upped their price objective on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $115.30.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock opened at $112.48 on Friday. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $115.05. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.59. The company has a 50-day simple moving average of $103.57 and a two-hundred day simple moving average of $101.90. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 40.03, a price-to-earnings-growth ratio of 2.26 and a beta of 1.23.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.36). Federal Realty Investment Trust had a return on equity of 10.14% and a net margin of 24.69%. The business had revenue of $295.80 million during the quarter, compared to analyst estimates of $293.61 million. During the same quarter last year, the firm earned $1.67 EPS. Federal Realty Investment Trust’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts forecast that Federal Realty Investment Trust will post 6.8 EPS for the current year.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock valued at $1,300,101,000 after purchasing an additional 193,740 shares during the last quarter. Norges Bank bought a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at $743,378,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Federal Realty Investment Trust by 53.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,355,907 shares of the real estate investment trust’s stock valued at $139,726,000 after purchasing an additional 469,425 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Federal Realty Investment Trust by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,155,825 shares of the real estate investment trust’s stock valued at $119,108,000 after purchasing an additional 40,984 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Federal Realty Investment Trust by 29.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 407,585 shares of the real estate investment trust’s stock worth $42,002,000 after acquiring an additional 93,048 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Company Profile

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.