Federal Realty Investment Trust (NYSE:FRT) Given New $126.00 Price Target at Scotiabank

Key Points

• Scotiabank cut Federal Realty Investment Trust’s price target to $126 from $128 while maintaining a “sector outperform” rating, implying 12.61% upside from the prior close.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $128.62; recent targets range from $127 to $149.
• FRT shares fell 0.5% to $111.89, while the company reported quarterly EPS of $0.97—below the $1.85 consensus estimate—despite revenue rising 7.8% year over year to $335.71 million.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) had its target price cut by Scotiabank from $128.00 to $126.00 in a report issued on Thursday, Benzinga reports. The firm presently has a "sector outperform" rating on the real estate investment trust's stock. Scotiabank's price target would suggest a potential upside of 12.61% from the company's previous close.

A number of other equities research analysts have also recently issued reports on the company. Wells Fargo & Company upped their price objective on Federal Realty Investment Trust from $129.00 to $134.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Piper Sandler boosted their target price on shares of Federal Realty Investment Trust from $127.00 to $149.00 and gave the stock an "overweight" rating in a report on Tuesday, July 21st. UBS Group upped their price target on shares of Federal Realty Investment Trust from $118.00 to $127.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Citigroup increased their price target 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. Finally, Wolfe Research began coverage on shares of Federal Realty Investment Trust in a research report on Wednesday, July 8th. They issued an "outperform" rating and a $143.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.62.

Federal Realty Investment Trust Stock Down 0.5%

Shares of NYSE FRT traded down $0.53 during mid-day trading on Thursday, hitting $111.89. The company had a trading volume of 263,077 shares, compared to its average volume of 857,908. The company has a market capitalization of $9.67 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 2.80 and a beta of 0.91. The firm has a 50-day simple moving average of $119.71 and a two-hundred day simple moving average of $116.10. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.46. Federal Realty Investment Trust has a one year low of $90.03 and a one year high of $128.21.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its earnings results on Friday, July 31st. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $335.71 million for the quarter, compared to the consensus estimate of $331.92 million. During the same quarter in the previous year, the company posted $1.91 EPS. The business's revenue 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. On average, equities analysts expect that Federal Realty Investment Trust will post 7.54 EPS for the current year.

Institutional Investors Weigh In On Federal Realty Investment Trust

Institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Federal Realty Investment Trust during the 4th quarter worth approximately $734,290,000. Resolution Capital Ltd grew its holdings in Federal Realty Investment Trust by 10.3% in 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 buying an additional 340,524 shares in the last quarter. Geode Capital Management LLC increased its position in Federal Realty Investment Trust by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust's stock worth $221,217,000 after buying an additional 23,214 shares during the period. Dimensional Fund Advisors LP increased its position in Federal Realty Investment Trust by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,284,001 shares of the real estate investment trust's stock worth $136,368,000 after buying an additional 53,109 shares during the period. Finally, Legal & General Group Plc increased its position in Federal Realty Investment Trust by 10.9% during the 4th quarter. Legal & General Group Plc now owns 797,561 shares of the real estate investment trust's stock worth $80,394,000 after buying an additional 78,706 shares during the period. Institutional investors own 93.86% of the company's stock.

About Federal Realty Investment Trust

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.