Raymond James Has Lowered Expectations for Federal Realty Investment Trust (NYSE:FRT) Stock Price

Federal Realty Investment Trust (NYSE:FRT) had its price objective dropped by equities research analysts at Raymond James from $125.00 to $117.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price target indicates a potential upside of 11.52% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Scotiabank upped their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Stifel Nicolaus dropped their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research report on Friday. Wells Fargo & Company reduced their target price on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $122.00 to $125.00 in a report on Friday, December 20th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of $123.23.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT traded down $0.12 during midday trading on Tuesday, hitting $104.92. The company had a trading volume of 927,965 shares, compared to its average volume of 728,065. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 2.34 and a beta of 1.24. Federal Realty Investment Trust has a twelve month low of $95.97 and a twelve month high of $118.34. The business has a 50-day simple moving average of $108.88 and a two-hundred day simple moving average of $112.07. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48.

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 (EPS) for the quarter, meeting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.67% and a return on equity of 10.01%. The company had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Equities research analysts anticipate that Federal Realty Investment Trust will post 6.77 earnings per share for the current year.

Institutional Trading of Federal Realty Investment Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Vise Technologies Inc. purchased a new stake in Federal Realty Investment Trust during the fourth quarter valued at about $237,000. Kinloch Capital LLC grew its holdings in shares of Federal Realty Investment Trust by 4.7% during the 4th quarter. Kinloch Capital LLC now owns 34,559 shares of the real estate investment trust’s stock worth $3,869,000 after purchasing an additional 1,567 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Federal Realty Investment Trust by 11.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 674,235 shares of the real estate investment trust’s stock worth $75,481,000 after purchasing an additional 69,345 shares in the last quarter. Sophron Capital Management L.P. acquired a new stake in Federal Realty Investment Trust during the 4th quarter worth approximately $7,031,000. Finally, Toronto Dominion Bank raised its holdings in Federal Realty Investment Trust by 10.6% in the fourth quarter. Toronto Dominion Bank now owns 30,603 shares of the real estate investment trust’s stock valued at $3,426,000 after buying an additional 2,938 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

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.