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 stock analysts at Evercore ISI from an "outperform" rating to an "in-line" rating in a research report issued to clients and investors on Monday, Marketbeat reports. They currently have a $107.00 price objective on the real estate investment trust's stock, up from their prior price objective of $106.00. Evercore ISI's target price points to a potential upside of 7.42% from the company's previous close.

A number of other equities research analysts have also recently weighed in on FRT. Barclays cut their price objective on shares of Federal Realty Investment Trust from $106.00 to $105.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. Wall Street Zen upgraded shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. boosted their price target on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. Raymond James Financial dropped 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 research report on Friday, May 23rd. Finally, LADENBURG THALM/SH SH upgraded shares of Federal Realty Investment Trust to a "strong-buy" rating in a research report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $109.31.

Federal Realty Investment Trust Price Performance

NYSE FRT traded down $0.61 during trading hours on Monday, reaching $99.61. The company's stock had a trading volume of 316,356 shares, compared to its average volume of 770,924. The stock has a market cap of $8.59 billion, a PE ratio of 25.25, a PEG ratio of 3.79 and a beta of 1.16. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.09. The company's 50-day moving average is $96.53 and its two-hundred day moving average is $95.62. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The business had revenue of $302.48 million for the quarter, compared to analysts' expectations of $309.25 million. During the same period last year, the company earned $1.69 earnings per share. The company's quarterly revenue was up 5.2% on a year-over-year basis. Analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Federal Realty Investment Trust by 18.8% in the second quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust's stock valued at $66,000 after purchasing an additional 109 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Federal Realty Investment Trust by 82.3% in the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 130 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Federal Realty Investment Trust by 18.2% in the first quarter. Exchange Traded Concepts LLC now owns 845 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 130 shares in the last quarter. Amalgamated Bank raised its stake in shares of Federal Realty Investment Trust by 1.0% in the first quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock valued at $1,495,000 after purchasing an additional 146 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of 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 valued at $273,000 after purchasing an additional 146 shares in the last quarter. 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.