Mizuho Lowers Federal Realty Investment Trust (NYSE:FRT) Price Target to $117.00

Key Points

• Mizuho cut Federal Realty Investment Trust’s price target from $130 to $117 while maintaining an “outperform” rating, implying approximately 6% upside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average target price of $127.25, despite mixed actions from other firms.
• FRT shares traded at $110.41, while the company’s latest quarterly EPS of $0.97 fell well below the $1.85 consensus estimate; institutional investors own 93.86% of outstanding shares.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) had its target price decreased by analysts at Mizuho from $130.00 to $117.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. Mizuho's price target would indicate a potential upside of 5.97% from the company's previous close.

Other research analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Federal Realty Investment Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, September 1st. UBS Group set a $117.00 target price on shares of Federal Realty Investment Trust in a research note on Thursday. Truist Financial increased their price objective on Federal Realty Investment Trust from $112.00 to $118.00 and gave the stock a "hold" rating in a research report on Friday, June 5th. Piper Sandler lifted their target price on Federal Realty Investment Trust from $127.00 to $149.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. boosted their target price on Federal Realty Investment Trust from $124.00 to $129.00 and gave the company an "overweight" rating in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Federal Realty Investment Trust presently has a consensus rating of "Moderate Buy" and an average target price of $127.25.

Federal Realty Investment Trust Stock Performance

Shares of FRT traded up $1.02 during mid-day trading on Thursday, reaching $110.41. The company had a trading volume of 335,289 shares, compared to its average volume of 867,874. Federal Realty Investment Trust has a 52-week low of $90.03 and a 52-week high of $128.21. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.46. The stock has a 50 day moving average of $118.61 and a two-hundred day moving average of $116.13. The stock has a market capitalization of $9.54 billion, a P/E ratio of 22.31, a PEG ratio of 2.72 and a beta of 0.91.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted 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). The firm had revenue of $335.71 million for the quarter, compared to analyst estimates of $331.92 million. Federal Realty Investment Trust had a return on equity of 13.65% and a net margin of 32.67%.Federal Realty Investment Trust's revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.91 EPS. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. On average, analysts expect 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 large investors have recently made changes to their positions in FRT. Bank of America Corp DE lifted its position in Federal Realty Investment Trust by 90.2% during the 1st quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust's stock worth $54,114,000 after acquiring an additional 241,684 shares in the last quarter. Contravisory Investment Management Inc. grew its holdings in Federal Realty Investment Trust by 1,175.7% during the second quarter. Contravisory Investment Management Inc. now owns 9,708 shares of the real estate investment trust's stock worth $1,198,000 after acquiring an additional 8,947 shares during the period. Renaissance Technologies LLC bought a new stake in Federal Realty Investment Trust in the first quarter worth about $1,519,000. Norges Bank acquired a new stake in Federal Realty Investment Trust in the 4th quarter valued at about $734,290,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Federal Realty Investment Trust during the second quarter valued at $3,350,000. Hedge funds and other 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.

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