Mizuho Lowers Federal Realty Investment Trust (NYSE:FRT) Price Target to $107.00

Federal Realty Investment Trust (NYSE:FRT) had its target price dropped by Mizuho from $119.00 to $107.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price suggests a potential upside of 2.05% from the company’s previous close.

FRT has been the topic of several other reports. Stifel Nicolaus dropped their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their target price for the company from $122.00 to $125.00 in a research report on Friday, December 20th. Raymond James decreased their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company decreased their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.54.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $104.85 on Tuesday. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34. The business’s fifty day moving average is $107.75 and its 200 day moving average is $111.72. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. The stock has a market cap of $8.98 billion, a P/E ratio of 30.57, a P/E/G ratio of 2.20 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company had revenue of $311.44 million for the quarter, compared to analysts’ expectations of $311.85 million. Sell-side analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. FIL Ltd boosted its position in shares of Federal Realty Investment Trust by 0.3% during the 4th quarter. FIL Ltd now owns 35,591 shares of the real estate investment trust’s stock valued at $3,984,000 after acquiring an additional 95 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Federal Realty Investment Trust by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock valued at $734,000 after acquiring an additional 110 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 111 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Federal Realty Investment Trust by 2.7% during the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock valued at $533,000 after acquiring an additional 125 shares during the last quarter. Finally, Keybank National Association OH lifted its position in Federal Realty Investment Trust by 5.1% in the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock worth $293,000 after buying an additional 128 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.