Piper Sandler Cut Price Target on Federal Realty Investment Trust (NYSE:FRT) to $120.00

Federal Real Estate Investment Trust (NYSE:FRT – Get Rating ) the target price was reduced by stock analysts at Piper Sandler to $120.00 in a report issued on Monday, Stock Target Advisor reports. Piper Sandler’s target price indicates a potential upside of 23.00% from the company’s current price.

Other analysts have also issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Federal Realty Investment Trust from $133.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday. Truist Financial cut their target price on shares of Federal Realty Investment Trust from $128.00 to $125.00 in a report on Friday, June 3rd. StockNews.com started coverage on shares of Federal Realty Investment Trust in a report on Thursday, March 31st. They assign a “hold” rating to the company. Raymond James upgraded shares of Federal Realty Investment Trust from a “market perform” rating to a “strong-buy” rating and set a $140.00 target price on the stock in a research report on Thursday, May 12th. Finally, Wells Fargo & Company reduced their target price on shares of Federal Realty Investment Trust from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 7th. Six 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. The stock currently has an average rating of “Moderate Buy” and an average target price of $129.00, according to MarketBeat.com.

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Shares of FRT traded up $1.82 during midday trading on Monday, hitting $97.56. The company’s stock had a trading volume of 8,689 shares, compared to its average volume of 523,490. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.50 and a quick ratio of 1.50. Federal Realty Investment Trust has a twelve month low of $92.02 and a twelve month high of $140.51. The company’s fifty day moving average is $108.58 and its 200 day moving average is $118.80. The stock has a market cap of $7.75 billion, a P/E ratio of 29.74, a PEG ratio of 2.79 and a beta of 1.13.

Federal Real Estate Investment Trust (NYSE:FRT – Get Rating ) last posted its quarterly 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). Federal Realty Investment Trust had a net margin of 26.80% and a return on equity of 10.76%. The business had revenue of $256.80 million during the quarter, compared to analyst estimates of $249.13 million. In the same quarter last year, the firm posted $1.17 earnings per share. The company’s quarterly revenue increased by 17.7% year-over-year. equities analysts anticipate that Federal Realty Investment Trust will post 6.01 EPS for the current fiscal year.

In related news, Director David W. Fader bought 10,565 shares of Federal Realty Investment Trust stock in a transaction on Tuesday, June 21st. The shares were acquired at an average price of $95.84 per share, for a total transaction of $1,012,549.60. Following the completion of the acquisition, the director now owns 23,878 shares of the company’s stock, valued at approximately $2,288,467.52. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s shares.

Several hedge funds and other institutional investors have recently modified their holdings of FRT. Advisor Partners LLC lifted its position in shares of Federal Realty Investment Trust by 4.0% during the fourth quarter. Advisor Partners LLC now owns 2,187 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 85 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Federal Realty Investment Trust by 16.2% during the fourth quarter. Lazard Asset Management LLC now owns 610 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 85 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Federal Realty Investment Trust by 0.5% in the first quarter. Arizona State Retirement System now owns 18,925 shares of the real estate investment trust’s stock valued at $2,310,000 after purchasing an additional 87 shares in the last quarter. Eaton Vance Management lifted its position in shares of Federal Realty Investment Trust by 1.0% in the fourth quarter. Eaton Vance Management now owns 8,611 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 88 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its position in Federal Realty Investment Trust by 5.6% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 1,881 shares of the real estate investment trust’s stock worth $256,000 after acquiring an additional 99 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s shares.

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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