Federal Realty Investment Trust (NYSE:FRT) Rating Reiterated by Truist Financial (2024)

Federal Realty Investment Trust (NYSE:FRT – Get Free Report)‘s stock had its “buy” rating reissued by analysts at Truist Financial in a note issued to investors on Monday, Benzinga reports. They currently have a $117.00 price target on the real estate investment trust’s stock. Truist Financial’s target price suggests a potential upside of 17.87% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. Wells Fargo & Company raised shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $110.00 to $112.00 in a research note on Thursday, February 29th. Evercore ISI upgraded shares of Federal Realty Investment Trust from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $104.00 to $108.00 in a research note on Monday, November 27th. Mizuho reduced their price objective on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Piper Sandler upped their price target on shares of Federal Realty Investment Trust from $116.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, December 20th. Finally, Barclays boosted their price objective on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $112.60.

Get Our Latest Analysis on FRT

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock traded down $0.27 during trading hours on Monday, reaching $99.26. The company’s stock had a trading volume of 87,333 shares, compared to its average volume of 679,578. The stock has a market cap of $8.24 billion, a P/E ratio of 35.49, a P/E/G ratio of 2.84 and a beta of 1.21. Federal Realty Investment Trust has a one year low of $85.27 and a one year high of $107.61. The firm has a 50 day moving average price of $100.95 and a 200-day moving average price of $97.42. 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 (NYSE:FRT – Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The business had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $292.05 million. During the same period in the previous year, the company posted $1.58 EPS. Federal Realty Investment Trust’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds have recently modified their holdings of FRT. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Federal Realty Investment Trust by 141.1% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 60,270 shares of the real estate investment trust’s stock worth $6,211,000 after acquiring an additional 35,270 shares during the period. Trust Co. of Vermont raised its holdings in shares of Federal Realty Investment Trust by 132.1% during the 4th quarter. Trust Co. of Vermont now owns 3,017 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 1,717 shares in the last quarter. Richardson Financial Services Inc. acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter worth $51,000. Goldman Sachs Group Inc. increased its holdings in Federal Realty Investment Trust by 29.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 407,585 shares of the real estate investment trust’s stock worth $42,002,000 after purchasing an additional 93,048 shares in the last quarter. Finally, Garde Capital Inc. acquired a new position in Federal Realty Investment Trust in the 4th quarter worth about $166,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

About Federal Realty Investment Trust

(Get Free Report)

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.

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