Federal Realty Investment Trust (NYSE:FRT) Price Target Cut to $103.00 by Analysts at UBS Group

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) had its price target decreased by analysts at UBS Group from $118.00 to $103.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price objective points to a potential upside of 7.07% from the stock's previous close.

A number of other research firms also recently issued reports on FRT. Scotiabank restated an "outperform" rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. Wells Fargo & Company decreased their target price on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Truist Financial lowered Federal Realty Investment Trust from a "buy" rating to a "hold" rating and lowered their target price for the company from $114.00 to $105.00 in a report on Thursday, March 13th. JPMorgan Chase & Co. cut their price target on Federal Realty Investment Trust from $114.00 to $108.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Finally, Raymond James lowered their price objective on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Federal Realty Investment Trust has an average rating of "Moderate Buy" and an average price target of $112.54.

Federal Realty Investment Trust Stock Up 1.0%

Federal Realty Investment Trust stock traded up $0.91 during midday trading on Monday, hitting $96.20. 29,205 shares of the company were exchanged, compared to its average volume of 696,589. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The company's fifty day moving average price is $94.38 and its 200-day moving average price is $101.58. The company has a market cap of $8.25 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The business had revenue of $302.29 million during the quarter, compared to the consensus estimate of $307.55 million. During the same period in the prior year, the firm earned $1.64 earnings per share. The business's quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FRT. Norges Bank bought a new position in shares of Federal Realty Investment Trust in the fourth quarter worth about $810,544,000. Centersquare Investment Management LLC lifted its position in shares of Federal Realty Investment Trust by 935.8% in the 4th quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust's stock worth $116,654,000 after acquiring an additional 941,414 shares during the period. Invesco Ltd. lifted its position in shares of Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock worth $341,833,000 after acquiring an additional 893,258 shares during the period. Nuveen LLC acquired a new stake in shares of Federal Realty Investment Trust during the 1st quarter worth approximately $52,017,000. Finally, Northern Trust Corp increased its position in shares of Federal Realty Investment Trust by 73.4% during the fourth quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust's stock valued at $138,231,000 after purchasing an additional 522,531 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

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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