Mizuho Has Lowered Expectations for Federal Realty Investment Trust (NYSE:FRT) Stock Price

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) had its price target decreased by equities research analysts at Mizuho from $107.00 to $96.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. Mizuho's target price would suggest a potential upside of 1.46% from the stock's current price.

Other equities research analysts also recently issued reports about the company. Raymond James Financial lowered their price target on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. downgraded shares of Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price objective on the stock. in a report on Monday, June 23rd. Wall Street Zen lowered shares of Federal Realty Investment Trust from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Piper Sandler lowered their price target on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Finally, Citigroup reiterated a "neutral" rating and issued a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust has an average rating of "Hold" and a consensus target price of $111.29.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock traded down $0.51 during trading hours on Thursday, reaching $94.62. The company's stock had a trading volume of 609,008 shares, compared to its average volume of 720,361. The stock has a market cap of $8.12 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 3.78 and a beta of 1.09. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The company's 50 day simple moving average is $95.33 and its 200 day simple moving average is $98.47. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.72 and a current ratio of 1.72.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The firm had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $1.64 earnings per share. As a group, analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Institutional Trading of Federal Realty Investment Trust

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth approximately $810,544,000. Centersquare Investment Management LLC grew its position in 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 purchasing an additional 941,414 shares in the last quarter. Invesco Ltd. increased its stake in 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 valued at $341,833,000 after buying an additional 893,258 shares during the last quarter. Nuveen LLC bought a new position in shares of Federal Realty Investment Trust during the 1st quarter worth approximately $52,017,000. Finally, Northern Trust Corp grew its holdings in shares of Federal Realty Investment Trust by 73.4% in 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 acquiring an additional 522,531 shares in the last quarter. 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.