Federal Realty Investment Trust (NYSE:FRT) Raised to “Strong-Buy” at Raymond James

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Federal Realty Investment Trust (NYSE:FRTGet Rating) was upgraded by research analysts at Raymond James from a “market perform” rating to a “strong-buy” rating in a research report issued on Thursday, Briefing.com reports. The brokerage presently has a $140.00 target price on the real estate investment trust’s stock. Raymond James’ price target would suggest a potential upside of 28.65% from the company’s previous close.

FRT has been the topic of a number of other reports. Mizuho dropped their target price on Federal Realty Investment Trust from $142.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, February 15th. Deutsche Bank Aktiengesellschaft dropped their target price on Federal Realty Investment Trust from $150.00 to $143.00 and set a “buy” rating on the stock in a research report on Thursday, March 31st. Wells Fargo & Company dropped their target price on 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. Capital One Financial raised Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $130.00 to $145.00 in a research report on Wednesday, February 9th. Finally, StockNews.com began coverage on Federal Realty Investment Trust in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $134.42.

NYSE:FRT opened at $108.82 on Thursday. The business’s 50-day moving average is $119.45 and its two-hundred day moving average is $124.39. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.50 and a quick ratio of 1.45. Federal Realty Investment Trust has a 12 month low of $108.53 and a 12 month high of $140.51. The firm has a market capitalization of $8.64 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 3.78 and a beta of 1.09.

Federal Realty Investment Trust (NYSE:FRTGet Rating) last released its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.63 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 company had revenue of $256.80 million during the quarter, compared to analysts’ expectations of $249.13 million. During the same period last year, the business earned $1.17 earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Equities analysts anticipate that Federal Realty Investment Trust will post 5.96 EPS for the current year.

A number of hedge funds have recently modified their holdings of FRT. Norges Bank acquired a new position in Federal Realty Investment Trust in the fourth quarter valued at approximately $983,225,000. Principal Financial Group Inc. acquired a new position in Federal Realty Investment Trust in the first quarter valued at approximately $59,324,000. BlackRock Inc. boosted its stake in Federal Realty Investment Trust by 5.2% in the fourth quarter. BlackRock Inc. now owns 7,559,988 shares of the real estate investment trust’s stock valued at $1,030,577,000 after acquiring an additional 372,411 shares during the period. Waterfront Capital Partners LLC boosted its stake in Federal Realty Investment Trust by 64.5% in the third quarter. Waterfront Capital Partners LLC now owns 605,515 shares of the real estate investment trust’s stock valued at $71,445,000 after acquiring an additional 237,501 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Federal Realty Investment Trust by 180.3% in the third quarter. Alliancebernstein L.P. now owns 365,828 shares of the real estate investment trust’s stock valued at $43,164,000 after acquiring an additional 235,312 shares during the period. Institutional investors own 86.07% of the company’s stock.

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 deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.

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