Federal Realty Investment Trust (NYSE:FRT) Price Target Cut to $96.00 by Analysts at Mizuho

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

Several other research firms also recently issued reports on FRT. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a research note on Monday, May 26th. Citigroup restated a "neutral" rating and issued a $106.00 price objective (down previously from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Scotiabank reiterated an "outperform" rating on shares of Federal Realty Investment Trust in a report on Wednesday, May 21st. UBS Group decreased their price target on Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. Finally, JPMorgan Chase & Co. lowered Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price target on the stock. in a research report on Monday, June 23rd. 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $111.29.

Federal Realty Investment Trust Stock Down 0.5%

Shares of FRT traded down $0.51 during midday trading on Thursday, hitting $94.62. The stock had a trading volume of 609,008 shares, compared to its average volume of 718,682. The company has a 50 day simple moving average of $95.31 and a two-hundred day simple moving average of $98.76. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 3.77 and a beta of 1.09. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.72 and a quick ratio of 1.72.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a return on equity of 9.97% and a net margin of 24.77%. The firm had revenue of $302.29 million for the quarter, compared to the consensus estimate of $307.55 million. During the same quarter last year, the business posted $1.64 EPS. The company's revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Hedge Funds Weigh In On Federal Realty Investment Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Park Square Financial Group LLC acquired a new stake in Federal Realty Investment Trust during the fourth quarter worth approximately $30,000. Versant Capital Management Inc lifted its position 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 acquiring an additional 130 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new stake in Federal Realty Investment Trust during the first quarter worth approximately $30,000. Federated Hermes Inc. lifted its position in 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 acquiring an additional 200 shares during the last quarter. Finally, Dagco Inc. acquired a new stake in Federal Realty Investment Trust during the first quarter worth approximately $34,000. Institutional investors own 93.86% of the company's stock.

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.