Federal Realty Investment Trust (NYSE:FRT - Get Free Report) had its price target raised by Barclays from $112.00 to $113.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the real estate investment trust's stock. Barclays's price target indicates a potential upside of 14.98% from the company's previous close.
Several other equities analysts also recently issued reports on the stock. Evercore ISI initiated coverage on shares of Federal Realty Investment Trust in a research note on Tuesday, October 7th. They set an "in-line" rating and a $105.00 price target for the company. Mizuho raised their price target on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Scotiabank raised their price target on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Wall Street Zen raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, LADENBURG THALM/SH SH raised shares of Federal Realty Investment Trust to a "strong-buy" rating in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $109.43.
Check Out Our Latest Stock Analysis on Federal Realty Investment Trust
Federal Realty Investment Trust Stock Performance
NYSE FRT opened at $98.27 on Thursday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 3.93 and a beta of 1.15. The firm's 50 day simple moving average is $98.35 and its 200 day simple moving average is $95.68. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.09.
Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $302.48 million for the quarter, compared to analyst estimates of $309.25 million. During the same quarter last year, the business posted $1.69 earnings per share. The company's quarterly revenue was up 5.2% on a year-over-year basis. As a group, research analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Federal Realty Investment Trust
A number of hedge funds have recently bought and sold shares of the company. Hilltop National Bank bought a new stake in Federal Realty Investment Trust in the second quarter valued at $28,000. GKV Capital Management Co. Inc. bought a new stake in Federal Realty Investment Trust in the first quarter valued at $30,000. Spire Wealth Management increased its stake in Federal Realty Investment Trust by 365.3% in the second quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 263 shares in the last quarter. Federated Hermes Inc. increased its stake in 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 purchasing an additional 200 shares in the last quarter. Finally, Dagco Inc. bought a new stake in Federal Realty Investment Trust in the first quarter valued at $34,000. Institutional investors own 93.86% of the company's stock.
Federal Realty Investment Trust Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Federal Realty Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Federal Realty Investment Trust wasn't on the list.
While Federal Realty Investment Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
