Federal Realty Investment Trust (NYSE:FRT) Price Target Cut to $113.00 by Analysts at Wells Fargo & Company

Federal Realty Investment Trust (NYSE:FRT) had its price target dropped by stock analysts at Wells Fargo & Company from $125.00 to $113.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 15.65% from the stock’s previous close.

Several other research analysts also recently commented on FRT. Raymond James decreased their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Stifel Nicolaus decreased 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 note on Friday, February 14th. Mizuho dropped their price objective on 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. Truist Financial lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Finally, Scotiabank dropped their target price on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.85.

Federal Realty Investment Trust Stock Down 0.6 %

Shares of FRT opened at $97.71 on Wednesday. Federal Realty Investment Trust has a 1 year low of $94.58 and a 1 year high of $118.34. 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 has a 50 day simple moving average of $104.37 and a two-hundred day simple moving average of $109.87. The firm has a market cap of $8.37 billion, a P/E ratio of 28.49, a P/E/G ratio of 2.20 and a beta of 1.27.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FRT. Commerce Bank bought a new stake in shares of Federal Realty Investment Trust during the third quarter valued at approximately $219,000. Cerity Partners LLC lifted its position in Federal Realty Investment Trust by 47.0% during the third quarter. Cerity Partners LLC now owns 4,382 shares of the real estate investment trust’s stock valued at $504,000 after buying an additional 1,401 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Federal Realty Investment Trust by 8.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 32,616 shares of the real estate investment trust’s stock valued at $3,750,000 after buying an additional 2,481 shares in the last quarter. Bank of Montreal Can grew its position in shares of Federal Realty Investment Trust by 0.6% in the 3rd quarter. Bank of Montreal Can now owns 184,297 shares of the real estate investment trust’s stock worth $21,080,000 after buying an additional 1,039 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Federal Realty Investment Trust by 5.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,522 shares of the real estate investment trust’s stock worth $5,579,000 after buying an additional 2,383 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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.