Federal Realty Investment Trust (NYSE:FRT) Rating Lowered to "In-Line" at Evercore ISI

Key Points

• Evercore ISI has downgraded Federal Realty Investment Trust from an "outperform" rating to "in-line," with a new price target of $107.00, indicating a potential upside of 5.17% from the previous close.
• The stock has received mixed ratings from analysts, with one "Strong Buy," six "Buy," and seven "Hold" ratings, resulting in an average rating of "Moderate Buy" and a price target of $109.31.
• Federal Realty recently reported $1.91 earnings per share for the quarter, exceeding expectations, but its revenue of $302.48 million fell short of analysts' forecasts.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) was downgraded by equities researchers at Evercore ISI from an "outperform" rating to an "in-line" rating in a research note issued on Monday,Finviz reports. They presently have a $107.00 target price on the real estate investment trust's stock. Evercore ISI's price target points to a potential upside of 5.17% from the company's previous close.

Several other research analysts have also recently weighed in on the stock. BMO Capital Markets reaffirmed an "outperform" rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a report on Monday, May 26th. Barclays decreased their price target on shares of Federal Realty Investment Trust from $106.00 to $105.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. Raymond James Financial decreased their price target on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. LADENBURG THALM/SH SH raised shares of Federal Realty Investment Trust to a "strong-buy" rating in a report on Tuesday, September 9th. Finally, Scotiabank upped their price target on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $109.31.

Federal Realty Investment Trust Trading Down 0.1%

Shares of FRT stock opened at $101.74 on Monday. The company's fifty day simple moving average is $96.08 and its two-hundred day simple moving average is $95.63. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 3.88 and a beta of 1.16.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.18. The firm had revenue of $302.48 million for 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 quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.69 earnings per share. As a group, 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

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Federal Realty Investment Trust by 18.8% during the second quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust's stock worth $66,000 after purchasing an additional 109 shares during the period. Versant Capital Management Inc boosted its holdings in shares of 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 purchasing an additional 130 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Federal Realty Investment Trust by 18.2% during the first quarter. Exchange Traded Concepts LLC now owns 845 shares of the real estate investment trust's stock worth $83,000 after purchasing an additional 130 shares during the period. Amalgamated Bank boosted its holdings in shares of Federal Realty Investment Trust by 1.0% during the first quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock worth $1,495,000 after purchasing an additional 146 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in Federal Realty Investment Trust by 5.3% in the second quarter. Quadrant Capital Group LLC now owns 2,877 shares of the real estate investment trust's stock worth $273,000 after buying an additional 146 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

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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