Federal Realty Investment Trust (NYSE:FRT) Upgraded to "Hold" at Wall Street Zen

Key Points

• Federal Realty Investment Trust has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a shift in outlook for the stock.
• Several firms have lowered their price targets on FRT, with Mizuho adjusting theirs from $107.00 to $96.00 and UBS Group from $118.00 to $103.00, all maintaining a "neutral" rating.
• The current consensus rating for Federal Realty Investment Trust is "Moderate Buy" with an average target price of $111.29, reflecting positive sentiment despite recent price adjustments.

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

Several other research firms have also issued reports on FRT. Mizuho decreased their price target on shares of Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Citigroup restated a "neutral" rating and issued a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. UBS Group decreased their price target on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating on the stock in a research report on Monday, June 16th. Barclays assumed coverage on shares of Federal Realty Investment Trust in a research report on Wednesday, July 2nd. They issued an "overweight" rating and a $106.00 price target on the stock. Finally, Piper Sandler decreased their price target on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and an average target price of $111.29.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT opened at $94.24 on Friday. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.78 and a beta of 1.09. The stock's 50 day moving average price is $95.14 and its 200 day moving average price is $98.17. 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 announced its earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 EPS for the quarter, topping 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 analysts' expectations of $307.55 million. During the same quarter in the previous year, the company earned $1.64 earnings per share. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in Federal Realty Investment Trust by 82.3% during the 1st 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. Hilltop National Bank acquired a new position in shares of Federal Realty Investment Trust during the second quarter valued at about $28,000. Park Square Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at about $30,000. GKV Capital Management Co. Inc. acquired a new position in shares of Federal Realty Investment Trust during the first quarter valued at about $30,000. Finally, Federated Hermes Inc. raised its position in shares of 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 valued at $33,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds 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.

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