Federal Realty Investment Trust (NYSE:FRT) Now Covered by Wells Fargo & Company

Key Points

• Wells Fargo & Company initiated coverage of Federal Realty Investment Trust (NYSE:FRT) with an "overweight" rating and a price target of $113.00, suggesting a potential upside of 13.49% from its current price.
• Federal Realty Investment Trust has recently seen upgrades and adjustments from multiple analysts, with ratings ranging from "strong-buy" to "outperform", reflecting positive market sentiment.
• The company's latest earnings report indicated an EPS of $1.91, exceeding estimates, and a revenue of $302.48 million, which was slightly below expectations, highlighting growing year-over-year performance despite some challenges.

Investment analysts at Wells Fargo & Company began coverage on shares of Federal Realty Investment Trust (NYSE:FRT - Get Free Report) in a research note issued to investors on Tuesday. The firm set an "overweight" rating and a $113.00 price target on the real estate investment trust's stock. Wells Fargo & Company's target price indicates a potential upside of 13.49% from the company's current price.

FRT has been the subject of a number of other research reports. LADENBURG THALM/SH SH upgraded shares of Federal Realty Investment Trust to a "strong-buy" rating in a report on Tuesday, September 9th. Barclays increased their price target on shares of Federal Realty Investment Trust from $112.00 to $113.00 and gave the company an "overweight" rating in a report on Thursday, October 16th. Mizuho increased their price target on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Evercore ISI cut their price target on shares of Federal Realty Investment Trust from $107.00 to $106.00 and set an "in-line" rating for the company in a report on Friday. Finally, Scotiabank raised their target price on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.29.

Federal Realty Investment Trust Stock Up 0.6%

FRT stock opened at $99.57 on Tuesday. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.09. The stock has a market capitalization of $8.59 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 3.91 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 company has a fifty day moving average of $98.78 and a 200-day moving average of $95.77.

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 EPS for the quarter, topping the consensus estimate of $1.73 by $0.18. The company had revenue of $302.48 million during the quarter, compared to analysts' expectations of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The business's revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $1.69 EPS. As a group, analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently modified their holdings of FRT. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust during the second quarter worth about $690,507,000. Nuveen LLC purchased a new stake in shares of Federal Realty Investment Trust during the first quarter worth about $52,017,000. GRS Advisors LLC purchased a new stake in shares of Federal Realty Investment Trust during the second quarter worth about $47,517,000. Hsbc Holdings PLC boosted its position in shares of Federal Realty Investment Trust by 123.9% in the first quarter. Hsbc Holdings PLC now owns 746,159 shares of the real estate investment trust's stock worth $72,634,000 after acquiring an additional 412,843 shares during the last quarter. Finally, Resolution Capital Ltd boosted its position in shares of Federal Realty Investment Trust by 11.8% in the second quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust's stock worth $310,109,000 after acquiring an additional 344,189 shares during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

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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