Federal Realty Investment Trust (NYSE:FRT) Downgraded by Wall Street Zen to "Sell"

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

A number of other research analysts have also recently commented on FRT. Piper Sandler lowered their target price on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Raymond James Financial lowered their target price on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Wells Fargo & Company lowered their target price on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. UBS Group lowered their target price 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. cut Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 target price for the company. in a research note on Monday, June 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $112.07.

Federal Realty Investment Trust Price Performance

Shares of FRT traded up $0.29 during midday trading on Friday, reaching $94.90. The stock had a trading volume of 404,863 shares, compared to its average volume of 716,262. The company's 50-day moving average is $95.35 and its 200 day moving average is $99.24. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 3.78 and a beta of 1.09.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $307.55 million. During the same period in the prior year, the business earned $1.64 EPS. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Institutional Trading of Federal Realty Investment Trust

Institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC increased its holdings in shares of Federal Realty Investment Trust by 17.5% in the 4th quarter. LPL Financial LLC now owns 83,289 shares of the real estate investment trust's stock worth $9,324,000 after purchasing an additional 12,387 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Federal Realty Investment Trust by 10.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust's stock worth $697,000 after purchasing an additional 674 shares in the last quarter. KBC Group NV grew its holdings in shares of Federal Realty Investment Trust by 5.6% in the first quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust's stock worth $278,000 after acquiring an additional 151 shares during the period. Amalgamated Bank grew its holdings 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 worth $1,495,000 after acquiring an additional 146 shares during the period. Finally, CX Institutional bought a new stake in shares of Federal Realty Investment Trust in the first quarter worth $44,000. Institutional investors 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.