Federal Realty Investment Trust (NYSE:FRT) Raised to Buy at Deutsche Bank Aktiengesellschaft

Federal Realty Investment Trust (NYSE:FRT) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued on Monday, Marketbeat reports. The firm currently has a $110.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $109.00. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 6.96% from the company’s current price.

A number of other analysts have also recently weighed in on FRT. Scotiabank dropped their price target on Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 28th. Truist Financial restated a “buy” rating and set a $117.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, March 25th. Wells Fargo & Company upgraded Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $110.00 to $112.00 in a research note on Thursday, February 29th. Bank of America boosted their price target on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Barclays increased their price objective on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus price target of $112.70.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $102.84 on Monday. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.64 and a quick ratio of 2.64. Federal Realty Investment Trust has a 12 month low of $85.27 and a 12 month high of $107.61. The company has a fifty day moving average price of $100.17 and a two-hundred day moving average price of $98.32. The company has a market cap of $8.53 billion, a PE ratio of 36.82, a P/E/G ratio of 2.83 and a beta of 1.21.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.88). The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $292.05 million. Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $1.58 earnings per share. Research analysts expect that Federal Realty Investment Trust will post 6.8 earnings per share for the current year.

Institutional Trading of Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Anchor Investment Management LLC bought a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth $28,000. Parkside Financial Bank & Trust grew its holdings in Federal Realty Investment Trust by 57.7% during the third quarter. Parkside Financial Bank & Trust now owns 421 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 154 shares during the period. Tidemark LLC bought a new stake in Federal Realty Investment Trust in the fourth quarter worth about $40,000. Quarry LP acquired a new stake in Federal Realty Investment Trust in the 4th quarter valued at about $50,000. Finally, Richardson Financial Services Inc. acquired a new stake in Federal Realty Investment Trust in the 4th quarter valued at about $51,000. 93.86% of the stock is currently owned by institutional investors.

About Federal Realty Investment Trust

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 communities where retail demand exceeds supply.