Federal Realty Investment Trust (NYSE:FRT) Now Covered by Analysts at Evercore ISI

Key Points

• Evercore ISI has initiated coverage of Federal Realty Investment Trust (NYSE:FRT) with an "in-line" rating and a price target of $105.00, indicating a potential upside of 7.80% from the last close.
• Federal Realty Investment Trust's shares recently traded down 1.4% to $97.40 amidst a trading volume of 57,344 shares, significantly lower than its average volume of 757,107.
• The company reported earnings per share of $1.91 for the last quarter, exceeding consensus estimates, while its revenue of $302.48 million showed a 5.2% year-over-year increase.

Equities researchers at Evercore ISI started coverage on shares of Federal Realty Investment Trust (NYSE:FRT - Get Free Report) in a report issued on Tuesday, Marketbeat Ratings reports. The firm set an "inline" rating and a $105.00 price target on the real estate investment trust's stock. Evercore ISI's price target suggests a potential upside of 7.10% from the stock's current price.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft set a $105.00 price objective on Federal Realty Investment Trust and gave the stock a "hold" rating in a research report on Tuesday. Barclays lifted their price target on shares of Federal Realty Investment Trust from $105.00 to $112.00 and gave the company an "overweight" rating in a research report on Monday. Wells Fargo & Company raised their price objective on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Wall Street Zen raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Mizuho upped their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $109.36.

Federal Realty Investment Trust Price Performance

Shares of FRT stock traded down $0.70 during trading hours on Tuesday, reaching $98.04. The company had a trading volume of 144,496 shares, compared to its average volume of 757,640. 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 has a fifty day moving average of $97.73 and a 200-day moving average of $95.67. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 3.80 and a beta of 1.15. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.09.

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

Institutional Investors Weigh In On Federal Realty Investment Trust

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

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.