Raymond James Has Lowered Expectations for Federal Realty Investment Trust (NYSE:FRT) Stock Price

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) had its price objective decreased by stock analysts at Raymond James from $117.00 to $110.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Raymond James' target price suggests a potential upside of 19.08% from the company's previous close.

A number of other equities analysts have also commented on FRT. Wall Street Zen raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Wells Fargo & Company lowered their price target on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Citigroup reaffirmed a "neutral" rating and issued a $106.00 price objective (down from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. Stifel Nicolaus lowered their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Finally, Mizuho cut their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and an average target price of $113.64.

Federal Realty Investment Trust Stock Performance

FRT traded down $1.29 during trading on Friday, hitting $92.38. The stock had a trading volume of 81,524 shares, compared to its average volume of 685,159. The company has a 50 day moving average price of $94.26 and a 200-day moving average price of $103.86. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 26.91, a P/E/G ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.01. The business had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.64 EPS. As a group, research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently modified their holdings of FRT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Federal Realty Investment Trust by 3.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 700,435 shares of the real estate investment trust's stock valued at $68,517,000 after buying an additional 26,200 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Federal Realty Investment Trust by 12.5% during the first quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust's stock worth $310,000 after acquiring an additional 355 shares in the last quarter. MBB Public Markets I LLC bought a new stake in shares of Federal Realty Investment Trust in the 1st quarter worth approximately $318,000. Goldman Sachs Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 43.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust's stock valued at $59,922,000 after purchasing an additional 184,557 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Federal Realty Investment Trust by 21.5% during the 1st quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust's stock valued at $284,000 after purchasing an additional 514 shares during 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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