Federal Realty Investment Trust (NYSE:FRT) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Federal Realty Investment Trust (NYSE:FRTGet Free Report) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued on Monday, MarketBeat Ratings reports. The brokerage presently has a $110.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $109.00. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 10.25% from the company’s current price.

FRT has been the topic of a number of other research reports. Truist Financial restated a “buy” rating and issued a $117.00 price target on shares of Federal Realty Investment Trust in a report on Monday, March 25th. Wells Fargo & Company upgraded Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $110.00 to $112.00 in a report on Thursday, February 29th. Bank of America upped their price target on Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Mizuho lowered their price target on Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Finally, Scotiabank lowered their price target on Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.70.

Get Our Latest Analysis on FRT

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $99.77 on Monday. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.60. The business’s 50 day moving average is $100.16 and its two-hundred day moving average is $98.22. Federal Realty Investment Trust has a 12-month low of $85.27 and a 12-month high of $107.61. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 2.83 and a beta of 1.21.

Federal Realty Investment Trust (NYSE:FRTGet Free Report) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $292.05 million. During the same quarter in the previous year, the firm posted $1.58 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts expect that Federal Realty Investment Trust will post 6.8 EPS for the current year.

Institutional Trading of Federal Realty Investment Trust

Several large investors have recently added to or reduced their stakes in FRT. Vanguard Group Inc. acquired a new stake in shares of Federal Realty Investment Trust during the first quarter valued at about $1,481,079,000. BlackRock Inc. grew its stake in shares of Federal Realty Investment Trust by 2.8% during the first quarter. BlackRock Inc. now owns 7,817,317 shares of the real estate investment trust’s stock valued at $772,585,000 after acquiring an additional 210,347 shares in the last quarter. State Street Corp grew its stake in shares of Federal Realty Investment Trust by 4.7% during the first quarter. State Street Corp now owns 7,816,925 shares of the real estate investment trust’s stock valued at $962,292,000 after acquiring an additional 351,320 shares in the last quarter. Norges Bank acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at about $743,378,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Federal Realty Investment Trust by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 4,717,403 shares of the real estate investment trust’s stock valued at $427,538,000 after acquiring an additional 509,909 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

About Federal Realty Investment Trust

(Get Free Report)

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.

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