Federal Realty Investment Trust (NYSE:FRT) Price Target Lowered to $140.00 at Raymond James

Federal Realty Investment Trust (NYSE:FRT) had its price objective reduced by research analysts at Raymond James from $143.00 to $140.00 in a report issued on Friday, BenzingaRatingsTable reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price objective suggests a potential upside of 12.13% from the company’s previous close.

FRT has been the topic of a number of other research reports. Citigroup lifted their price target on shares of Federal Realty Investment Trust from $144.00 to $146.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. BMO Capital Markets lowered shares of Federal Realty Investment Trust from an “outperform” rating to a “market perform” rating and cut their price target for the company from $135.00 to $133.00 in a research note on Tuesday, January 7th. Jefferies Financial Group raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $131.00 to $144.00 in a research note on Wednesday, January 15th. Stifel Nicolaus cut their price target on shares of Federal Realty Investment Trust from $147.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, December 24th. Finally, Sandler O’Neill lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $150.00 to $145.00 in a research note on Friday, November 1st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $142.50.

Shares of NYSE FRT opened at $124.85 on Friday. The stock has a market cap of $9.66 billion, a P/E ratio of 27.20, a P/E/G ratio of 3.75 and a beta of 0.46. The firm has a 50 day moving average price of $127.39 and a 200 day moving average price of $131.37. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.52 and a current ratio of 1.52. Federal Realty Investment Trust has a 52-week low of $122.50 and a 52-week high of $141.35.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.32. The firm had revenue of $239.10 million during the quarter, compared to analysts’ expectations of $238.32 million. Federal Realty Investment Trust had a net margin of 37.81% and a return on equity of 14.94%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 earnings per share. Analysts predict that Federal Realty Investment Trust will post 6.5 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp lifted its position in shares of Federal Realty Investment Trust by 1.6% in the third quarter. State Street Corp now owns 7,220,855 shares of the real estate investment trust’s stock worth $990,662,000 after purchasing an additional 117,175 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Federal Realty Investment Trust by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,125,711 shares of the real estate investment trust’s stock worth $144,913,000 after purchasing an additional 37,102 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Federal Realty Investment Trust by 7.3% in the fourth quarter. ProShare Advisors LLC now owns 815,411 shares of the real estate investment trust’s stock worth $104,968,000 after purchasing an additional 55,608 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Federal Realty Investment Trust by 2.8% in the fourth quarter. California Public Employees Retirement System now owns 602,923 shares of the real estate investment trust’s stock worth $77,614,000 after purchasing an additional 16,371 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC lifted its position in shares of Federal Realty Investment Trust by 817.0% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 492,563 shares of the real estate investment trust’s stock worth $63,408,000 after purchasing an additional 438,850 shares in the last quarter. 85.87% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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