Federal Realty Investment Trust (NYSE:FRT) Given New $112.00 Price Target at Barclays

Key Points

• Barclays has raised its price target for Federal Realty Investment Trust from $105.00 to $112.00, indicating a potential upside of 12.64% from the stock's previous close.
• Despite the positive outlook from Barclays, other analysts like UBS and Evercore ISI have reduced their price targets and adjusted ratings, reflecting a mix of confidence levels in the stock.
• Federal Realty Investment Trust has seen a positive earnings report with $1.91 earnings per share for the last quarter, exceeding estimates and showing a year-over-year revenue increase of 5.2%.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) had its price objective raised by Barclays from $105.00 to $112.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. Barclays's price target would suggest a potential upside of 12.64% from the stock's previous close.

Several other research analysts have also weighed in on the stock. UBS Group reduced their price objective on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Federal Realty Investment Trust in a research note on Saturday, September 27th. Evercore ISI cut Federal Realty Investment Trust from an "outperform" rating to an "in-line" rating and boosted their target price for the company from $106.00 to $107.00 in a research note on Monday, September 15th. Mizuho raised their price target on Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of "Moderate Buy" and a consensus price target of $109.85.

Federal Realty Investment Trust Price Performance

Shares of FRT stock opened at $99.43 on Monday. The stock has a market capitalization of $8.58 billion, a PE ratio of 25.17, a PEG ratio of 3.80 and a beta of 1.15. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The stock's fifty day moving average is $97.62 and its 200-day moving average is $95.64. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.09.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.18. The business had revenue of $302.48 million for the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. Federal Realty Investment Trust's revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.69 earnings per share. Equities research analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Federal Realty Investment Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Hilltop National Bank bought a new position in Federal Realty Investment Trust in the 2nd quarter valued at approximately $28,000. GKV Capital Management Co. Inc. acquired a new position in shares of Federal Realty Investment Trust during the first quarter worth approximately $30,000. Spire Wealth Management grew its holdings in shares of Federal Realty Investment Trust by 365.3% during the second quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 263 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Federal Realty Investment Trust by 143.9% in the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Finally, Dagco Inc. purchased a new position in Federal Realty Investment Trust during the 1st quarter worth $34,000. Institutional investors own 93.86% of the company's stock.

About Federal Realty Investment Trust

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.

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