UBS Group Forecasts Strong Price Appreciation for Federal Realty Investment Trust (NYSE:FRT) Stock

Key Points

• UBS raised its price target on Federal Realty Investment Trust to $121 from $115, but kept a neutral rating; the new target implies about 7% upside from the share price cited in the report.
• Analyst sentiment overall is more positive: MarketBeat reported a “Moderate Buy” consensus and an average price target of $124.69.
• In its latest quarter, Federal Realty’s EPS of $0.74 fell short of the $1.85 consensus estimate, while revenue of $339.02 million topped forecasts and increased 5.2% year over year.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) had its target price hoisted by equities research analysts at UBS Group from $115.00 to $121.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. UBS Group's target price indicates a potential upside of 6.97% from the company's current price.

FRT has been the topic of several other reports. Weiss Ratings lowered shares of Federal Realty Investment Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, September 1st. JPMorgan Chase & Co. lifted their price target on Federal Realty Investment Trust from $124.00 to $129.00 and gave the company an "overweight" rating in a research note on Friday, September 4th. Evercore set a $123.00 price target on Federal Realty Investment Trust in a report on Monday, September 21st. Truist Financial started coverage on Federal Realty Investment Trust in a research report on Thursday, October 1st. They set a "hold" rating and a $116.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target on Federal Realty Investment Trust from $126.00 to $119.00 and set an "overweight" rating on the stock in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $124.69.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT traded down $0.66 during trading on Wednesday, hitting $113.11. 486,263 shares of the stock traded hands, compared to its average volume of 889,143. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.55. The company has a fifty day moving average price of $110.41 and a two-hundred day moving average price of $113.30. Federal Realty Investment Trust has a 52-week low of $95.14 and a 52-week high of $128.21. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 2.84 and a beta of 0.94.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.85 by ($1.11). The firm had revenue of $339.02 million for the quarter, compared to analysts' expectations of $336.57 million. Federal Realty Investment Trust had a return on equity of 13.76% and a net margin of 32.60%. The business's quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $1.77 earnings per share. As a group, equities analysts predict that Federal Realty Investment Trust will post 7.56 EPS for the current year.

Insider Activity

In other news, Director Nicole Lamb-Hale sold 1,500 shares of Federal Realty Investment Trust stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $108.89, for a total value of $163,335.00. Following the sale, the director owned 4,613 shares in the company, valued at $502,309.57. This trade represents a 24.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Resolution Capital Ltd increased its stake in 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 worth $387,090,000 after buying an additional 340,524 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Federal Realty Investment Trust by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,284,001 shares of the real estate investment trust's stock valued at $136,368,000 after acquiring an additional 53,109 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Federal Realty Investment Trust in the second quarter valued at approximately $59,832,000. Bank of America Corp DE boosted its stake in shares of Federal Realty Investment Trust by 90.2% in 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 acquiring an additional 241,684 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Federal Realty Investment Trust by 2.5% in the first quarter. Janus Henderson Group PLC now owns 413,167 shares of the real estate investment trust's stock worth $43,918,000 after acquiring an additional 10,095 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust

Federal Realty Investment Trust is a real estate investment trust that owns, operates, and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and destination-style properties that combine retail, restaurants, entertainment, and, in some locations, residential and office space. The company focuses on established, densely populated communities, primarily in the Northeast, Mid-Atlantic, California, and South Florida. Its properties serve shoppers, residents, and businesses through a mix of national and local retailers, dining options, and other services.

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