Federal Realty Investment Trust (NYSE:FRT) Price Target Lowered to $126.00 at Scotiabank

Federal Realty Investment Trust (NYSE:FRT) had its price target reduced by stock analysts at Scotiabank from $128.00 to $126.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price objective indicates a potential upside of 12.61% from the stock’s current price.

Several other brokerages have also recently issued reports on FRT. Bank of America boosted their price target on Federal Realty Investment Trust from $128.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, June 29th. UBS Group raised their price objective on Federal Realty Investment Trust from $118.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Piper Sandler lifted their price objective on Federal Realty Investment Trust from $127.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Friday, May 29th. Finally, Wells Fargo & Company increased their target price on Federal Realty Investment Trust from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $128.62.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock traded down $0.53 during midday trading on Thursday, hitting $111.89. The company’s stock had a trading volume of 263,077 shares, compared to its average volume of 857,908. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.70 and a quick ratio of 1.70. The company has a market cap of $9.67 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.80 and a beta of 0.91. Federal Realty Investment Trust has a 1-year low of $90.03 and a 1-year high of $128.21. The company has a 50-day moving average price of $119.71 and a two-hundred day moving average price of $116.10.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Friday, July 31st. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.88). Federal Realty Investment Trust had a return on equity of 13.65% and a net margin of 32.67%.The business had revenue of $335.71 million for the quarter, compared to analyst estimates of $331.92 million. During the same quarter in the previous year, the company earned $1.91 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. As a group, sell-side analysts predict that Federal Realty Investment Trust will post 7.54 earnings per share for the current year.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in shares of Federal Realty Investment Trust by 90.2% during the first quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust’s stock worth $54,114,000 after buying an additional 241,684 shares during the last quarter. Contravisory Investment Management Inc. lifted its stake in shares of Federal Realty Investment Trust by 1,175.7% in the 2nd quarter. Contravisory Investment Management Inc. now owns 9,708 shares of the real estate investment trust’s stock valued at $1,198,000 after acquiring an additional 8,947 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Federal Realty Investment Trust in the 1st quarter valued at $1,519,000. Norges Bank acquired a new stake in shares of Federal Realty Investment Trust during the 4th quarter valued at $734,290,000. Finally, Resolution Capital Ltd boosted its holdings in shares of Federal Realty Investment Trust by 10.3% during the 1st quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock valued at $387,090,000 after acquiring an additional 340,524 shares in the last quarter. 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 a self-administered and self-managed real estate investment trust that owns, operates, develops and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and properties that combine retail, dining, residential, office and other uses, with an emphasis on locations in affluent and densely populated communities.

The company’s properties are concentrated in major metropolitan markets along the East Coast, in California and in South Florida.