Wells Fargo & Company Issues Pessimistic Forecast for Federal Realty Investment Trust (NYSE:FRT) Stock Price

Federal Realty Investment Trust (NYSE:FRT) had its price objective cut by stock analysts at Wells Fargo & Company from $125.00 to $113.00 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 16.66% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Scotiabank decreased their price objective on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. Raymond James lowered their price target on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Stifel Nicolaus reduced their price objective on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research note on Friday, February 14th. JPMorgan Chase & Co. lowered their target price on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their target price for the company from $114.00 to $105.00 in a report on Thursday, March 13th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of $118.85.

Federal Realty Investment Trust Stock Performance

FRT opened at $96.86 on Wednesday. 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 firm has a market cap of $8.30 billion, a PE ratio of 28.24, a P/E/G ratio of 2.20 and a beta of 1.27. The business has a fifty day simple moving average of $103.95 and a 200-day simple moving average of $109.57. Federal Realty Investment Trust has a fifty-two week low of $94.58 and a fifty-two week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.73. The business had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. As a group, equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Institutional Trading of Federal Realty Investment Trust

Large investors have recently made changes to their positions in the stock. FIL Ltd raised its stake in shares of Federal Realty Investment Trust by 0.3% in 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 in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings 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 worth $734,000 after buying an additional 110 shares during the period. Smartleaf Asset Management LLC grew its stake in Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 111 shares during the last quarter. Park Avenue Securities LLC grew its stake in Federal Realty Investment Trust by 2.7% in 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 buying an additional 125 shares during the last quarter. Finally, Keybank National Association OH raised its holdings 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 acquiring an additional 128 shares during the period. 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.