Evercore ISI Has Lowered Expectations for Federal Realty Investment Trust (NYSE:FRT) Stock Price

Key Points

• Evercore ISI has lowered the price target for Federal Realty Investment Trust (NYSE:FRT) from $109.00 to $107.00, maintaining an "outperform" rating which indicates a potential upside of 15.77% from the current stock price.
• Several other firms have also adjusted their price targets, with Raymond James decreasing theirs to $110.00 and UBS reducing it to $103.00, indicating a trend of analysts revising their expectations for the stock.
• Federal Realty Investment Trust reported earnings of $1.91 per share, exceeding the consensus estimate, and achieved revenue growth of 5.2% year-over-year despite falling slightly short of expectations.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) had its price objective lowered by Evercore ISI from $109.00 to $107.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. Evercore ISI's price target points to a potential upside of 15.53% from the stock's current price.

FRT has been the topic of a number of other research reports. JPMorgan Chase & Co. cut shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price target on the stock. in a report on Monday, June 23rd. Barclays started coverage on shares of Federal Realty Investment Trust in a research note on Wednesday, July 2nd. They set an "overweight" rating and a $106.00 target price on the stock. Wall Street Zen upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Mizuho lowered their target price on shares of Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Finally, Raymond James Financial lowered their target price on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of "Moderate Buy" and an average price target of $110.14.

Federal Realty Investment Trust Trading Up 1.3%

FRT stock traded up $1.17 during trading on Friday, reaching $92.62. The company had a trading volume of 330,882 shares, compared to its average volume of 787,894. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. The company has a market cap of $7.99 billion, a P/E ratio of 23.45, a PEG ratio of 3.63 and a beta of 1.14. The business has a 50 day moving average of $94.62 and a 200 day moving average of $97.15. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.18. The firm had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The company's revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.69 EPS. As a group, sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Institutional Trading of Federal Realty Investment Trust

A number of institutional investors and hedge funds have recently bought and sold shares of FRT. Franklin Resources Inc. increased its holdings in Federal Realty Investment Trust by 204.4% in the 4th quarter. Franklin Resources Inc. now owns 38,051 shares of the real estate investment trust's stock valued at $4,260,000 after acquiring an additional 25,551 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Federal Realty Investment Trust by 80.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 119,993 shares of the real estate investment trust's stock worth $13,433,000 after purchasing an additional 53,474 shares during the last quarter. Cerity Partners LLC increased its position in Federal Realty Investment Trust by 54.3% in the fourth quarter. Cerity Partners LLC now owns 6,762 shares of the real estate investment trust's stock worth $766,000 after purchasing an additional 2,380 shares during the last quarter. Bank of Montreal Can increased its position in Federal Realty Investment Trust by 17.0% in the fourth quarter. Bank of Montreal Can now owns 215,569 shares of the real estate investment trust's stock worth $24,133,000 after purchasing an additional 31,272 shares during the last quarter. Finally, FIL Ltd increased its position in Federal Realty Investment Trust by 0.3% in the fourth quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust's stock worth $3,984,000 after purchasing an additional 95 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.