Federal Realty Investment Trust (NYSE:FRT) Given New $117.00 Price Target at Scotiabank

Federal Realty Investment Trust (NYSE:FRT) had its price objective dropped by research analysts at Scotiabank from $126.00 to $117.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target would indicate a potential upside of 10.86% from the company’s current price.

FRT has been the subject of a number of other research reports. Wells Fargo & Company dropped their price target 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. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Mizuho lowered their target price 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. Stifel Nicolaus lowered their target price 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. Finally, JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average price target of $121.85.

Federal Realty Investment Trust Stock Up 1.5 %

Shares of NYSE:FRT traded up $1.53 during midday trading on Friday, reaching $105.54. The company had a trading volume of 974,424 shares, compared to its average volume of 727,260. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The stock’s fifty day moving average price is $107.64 and its 200-day moving average price is $111.67. The stock has a market capitalization of $9.04 billion, a P/E ratio of 30.77, a PEG ratio of 2.20 and a beta of 1.24. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.73. The business had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. Equities research analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Federal Realty Investment Trust in the 4th quarter valued at about $810,544,000. Centersquare Investment Management LLC lifted its holdings in Federal Realty Investment Trust by 935.8% in the 4th quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust’s stock valued at $116,654,000 after acquiring an additional 941,414 shares during the last quarter. Invesco Ltd. lifted its holdings in Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock valued at $341,833,000 after acquiring an additional 893,258 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Federal Realty Investment Trust by 1,463.8% in the 3rd quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock valued at $70,251,000 after acquiring an additional 572,008 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Federal Realty Investment Trust by 73.4% in the 4th quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust’s stock valued at $138,231,000 after acquiring an additional 522,531 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

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.