Federal Realty Investment Trust (NYSE:FRT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Federal Realty Investment Trust (NYSE:FRT) had its price target raised by investment analysts at JPMorgan Chase & Co. from $115.00 to $124.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 9.64% from the company’s current price.

A number of other equities research analysts also recently commented on FRT. UBS Group set a $113.00 price target on shares of Federal Realty Investment Trust in a report on Wednesday, January 14th. Truist Financial lifted their price target on shares of Federal Realty Investment Trust from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Wells Fargo & Company lifted their price target on shares of Federal Realty Investment Trust from $113.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Barclays lifted their price target on shares of Federal Realty Investment Trust from $107.00 to $116.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Scotiabank boosted their target price on shares of Federal Realty Investment Trust from $113.00 to $118.00 and gave the company a “sector outperform” rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust has an average rating of “Moderate Buy” and an average price target of $114.40.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $113.10 on Thursday. The company has a market cap of $9.77 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 4.41 and a beta of 0.92. Federal Realty Investment Trust has a 12 month low of $89.99 and a 12 month high of $117.22. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. The company has a 50-day simple moving average of $108.97 and a 200-day simple moving average of $103.90.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, February 12th. The real estate investment trust reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.38). The firm had revenue of $336.05 million for the quarter, compared to analysts’ expectations of $327.65 million. Federal Realty Investment Trust had a return on equity of 15.99% and a net margin of 38.63%.The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 earnings per share. On average, equities analysts anticipate that Federal Realty Investment Trust will post 7.51 earnings per share for the current year.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently bought and sold shares of FRT. ProShare Advisors LLC lifted its position in Federal Realty Investment Trust by 5.7% during the third quarter. ProShare Advisors LLC now owns 1,797,002 shares of the real estate investment trust’s stock valued at $182,054,000 after buying an additional 96,271 shares in the last quarter. Truist Financial Corp lifted its position in Federal Realty Investment Trust by 496.2% during the third quarter. Truist Financial Corp now owns 129,198 shares of the real estate investment trust’s stock valued at $13,089,000 after buying an additional 107,529 shares in the last quarter. Knights of Columbus Asset Advisors LLC acquired a new position in Federal Realty Investment Trust during the third quarter valued at approximately $972,000. Wealth Enhancement Advisory Services LLC lifted its position in Federal Realty Investment Trust by 173.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,791 shares of the real estate investment trust’s stock valued at $1,541,000 after buying an additional 10,021 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its position in Federal Realty Investment Trust by 2.2% during the third quarter. Centersquare Investment Management LLC now owns 1,270,854 shares of the real estate investment trust’s stock valued at $128,750,000 after buying an additional 27,306 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.