Federal Realty Investment Trust (NYSE:FRT) Price Target Cut to $108.00 by Analysts at JPMorgan Chase & Co.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) had its price objective reduced by investment analysts at JPMorgan Chase & Co. from $114.00 to $108.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 16.10% from the company's previous close.

A number of other brokerages also recently commented on FRT. Raymond James lowered their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Truist Financial cut Federal Realty Investment Trust from a "buy" rating to a "hold" rating and reduced their target price for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Mizuho dropped their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $115.64.

Federal Realty Investment Trust Price Performance

Shares of FRT stock traded down $0.84 during mid-day trading on Thursday, reaching $93.02. The stock had a trading volume of 108,718 shares, compared to its average volume of 683,755. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The business has a 50-day simple moving average of $94.35 and a 200 day simple moving average of $103.98. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. The company has a market cap of $7.98 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the firm posted $1.64 earnings per share. The company's quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Institutional Trading of Federal Realty Investment Trust

Several institutional investors have recently modified their holdings of FRT. Park Square Financial Group LLC bought a new position in shares of Federal Realty Investment Trust during the 4th quarter valued at about $30,000. Versant Capital Management Inc boosted its holdings in Federal Realty Investment Trust by 82.3% during the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock worth $28,000 after buying an additional 130 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new position in Federal Realty Investment Trust in the first quarter worth approximately $30,000. Federated Hermes Inc. increased its holdings 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 valued at $33,000 after buying an additional 200 shares in the last quarter. Finally, Dagco Inc. bought a new position in shares of Federal Realty Investment Trust in the first quarter valued at $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.

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