Piper Sandler Issues Positive Forecast for Federal Realty Investment Trust (NYSE:FRT) Stock Price

Federal Realty Investment Trust (NYSE:FRT) had its price target lifted by equities research analysts at Piper Sandler from $131.00 to $135.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Piper Sandler‘s price objective suggests a potential upside of 22.34% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. Truist Financial assumed coverage on shares of Federal Realty Investment Trust in a research note on Thursday, October 1st. They set a “hold” rating and a $116.00 price objective for the company. Mizuho dropped their price objective on shares of Federal Realty Investment Trust from $130.00 to $117.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. Citigroup raised their target price on shares of Federal Realty Investment Trust from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Wall Street Zen lowered shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday. Finally, JPMorgan Chase & Co. upped their price target on shares of Federal Realty Investment Trust from $124.00 to $129.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Federal Realty Investment Trust Trading Up 0.1%

NYSE:FRT traded up $0.16 on Monday, hitting $110.35. 194,594 shares of the stock were exchanged, compared to its average volume of 886,916. The stock has a fifty day moving average of $110.98 and a 200-day moving average of $112.92. The stock has a market cap of $9.53 billion, a PE ratio of 22.08, a PEG ratio of 2.75 and a beta of 0.94. The company has a current ratio of 1.53, a quick ratio of 1.70 and a debt-to-equity ratio of 1.55. Federal Realty Investment Trust has a fifty-two week low of $90.03 and a fifty-two week high of $128.21.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($1.11). Federal Realty Investment Trust had a net margin of 32.60% and a return on equity of 13.76%. The firm had revenue of $339.02 million during the quarter, compared to analyst estimates of $336.57 million. During the same period in the prior year, the firm earned $1.77 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities analysts expect that Federal Realty Investment Trust will post 7.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Federal Realty Investment Trust news, Director Nicole Lamb-Hale sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $108.89, for a total value of $163,335.00. Following the completion of the transaction, the director owned 4,613 shares in the company, valued at $502,309.57. This represents a 24.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. North Dakota State Investment Board grew its holdings in Federal Realty Investment Trust by 3.7% during the 3rd quarter. North Dakota State Investment Board now owns 2,623 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 93 shares in the last quarter. Pension & Wealth Management Advisors Inc. increased its stake in Federal Realty Investment Trust by 12.4% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 1,045 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 115 shares during the period. V Square Quantitative Management LLC increased its stake in Federal Realty Investment Trust by 4.1% during the 1st quarter. V Square Quantitative Management LLC now owns 2,965 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 117 shares during the period. Versant Capital Management Inc lifted its holdings in Federal Realty Investment Trust by 6.0% in the 3rd quarter. Versant Capital Management Inc now owns 2,347 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 132 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Federal Realty Investment Trust by 64.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 370 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 145 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

About Federal Realty Investment Trust

Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates and redevelops high-quality retail and mixed-use properties. Its portfolio includes shopping centers, street retail, and mixed-use developments that combine retail, residential, office and hospitality uses.

The company focuses on densely populated, affluent communities and prominent locations in major metropolitan markets. Its properties are concentrated in regions including the Northeast, Mid-Atlantic, California and South Florida, and are leased to a broad range of retailers, restaurants, service providers and other commercial tenants.

Founded in 1962, Federal Realty has developed and managed properties designed to serve both local communities and national retailers.