Deutsche Bank Aktiengesellschaft decreased the target price on Federal Realty Investment Trust (NYSE:FRT) to $121.00

Federal Real Estate Investment Trust (NYSE:FRT – Get Rating ) The price objective was decreased by stock research analysts at Deutsche Bank Aktiengesellschaft from $143.00 to $121.00 in a note issued to investors on Monday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 24.85% from the stock’s current price.

Several other equities analysts have also recently commented on the company. Jefferies Financial Group reduced their price objective on Federal Realty Investment Trust from $133.00 to $96.00 and set a “hold” rating for the company in a report on Thursday, June 30th. Truist Financial reduced their target price on Federal Realty Investment Trust from $128.00 to $125.00 in a report on Friday, June 3rd. Raymond James raised Federal Realty Investment Trust from a “market perform” rating to a “strong-buy” rating and set a $140.00 target price for the company in a report on Thursday, May 12th. Credit Suisse Group initiated coverage on Federal Realty Investment Trust in a report on Wednesday, June 22nd. They issued a “neutral” rating and a $104.00 target price for the company. Finally, Piper Sandler cut their target price on Federal Realty Investment Trust to $120.00 in a report on Monday, July 4th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.31.

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Shares of FRT stock opened at $96.92 on Monday. The business’s 50-day moving average is $106.35 and its 200-day moving average is $117.56. The company has a market cap of $7.70 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 2.77 and a beta of 1.13. Federal Realty Investment Trust has a 12-month low of $92.02 and a 12-month high of $140.51. The company has a current ratio of 1.50, a quick ratio of 1.50, and a debt-to-equity ratio of 1.61.

Federal Real Estate Investment Trust (NYSE:FRT – Get Rating ) last posted its earnings results on Thursday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.81). The business had revenue of $256.80 million for the quarter, compared to the consensus estimate of $249.13 million. Federal Realty Investment Trust had a net margin of 26.80% and a return on equity of 10.76%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the business posted $1.17 EPS. equities analysts predict that Federal Realty Investment Trust will post 6.01 earnings per share for the current year.

In other Federal Realty Investment Trust news, Director David W. Fader acquired 10,565 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The stock was bought at an average price of $95.84 per share, for a total transaction of $1,012,549.60. Following the acquisition, the director now directly owns 23,878 shares in the company, valued at $2,288,467.52. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available on the SEC’s website. 1.00% of shares are owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new stake in Federal Realty Investment Trust during the second quarter valued at $4,675,000. Phocas Financial Corp. raised its position in Federal Realty Investment Trust by 18.5% during the first quarter. Phocas Financial Corp. now owns 13,138 shares of the real estate investment trust’s stock valued at $1,604,000 after buying an additional 2,053 shares in the last quarter. Sawtooth Solutions LLC purchased a new stake in Federal Realty Investment Trust during the first quarter valued at $324,000. Lido Advisors LLC purchased a new stake in Federal Realty Investment Trust during the first quarter valued at $547,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in Federal Realty Investment Trust in the first quarter valued at $1,682,000. 86.07% of the shares are owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile (Get Rating)

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 provide long-term, sustainable growth by investing in communities where retail demand exceeds supply.

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