Barclays Initiates Coverage on Federal Realty Investment Trust (NYSE:FRT)

Equities research analysts at Barclays initiated coverage on shares of Federal Realty Investment Trust (NYSE:FRT) in a research report issued on Wednesday, MarketBeat.com reports. The firm set an “overweight” rating and a $106.00 price target on the real estate investment trust’s stock. Barclays‘s price target would suggest a potential upside of 10.73% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Scotiabank restated an “outperform” rating on shares of Federal Realty Investment Trust in a research report on Wednesday, May 21st. Piper Sandler lowered their price objective on Federal Realty Investment Trust from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd. UBS Group lowered their price objective on Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating on the stock in a research report on Monday, June 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Finally, Citigroup reiterated a “neutral” rating and issued a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.07.

Federal Realty Investment Trust Stock Performance

FRT opened at $95.73 on Wednesday. The stock has a market cap of $8.21 billion, a PE ratio of 27.43, a P/E/G ratio of 4.12 and a beta of 1.09. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.46. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34. The stock’s 50 day simple moving average is $95.37 and its 200-day simple moving average is $99.94.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. The business had revenue of $302.29 million for the quarter, compared to analysts’ expectations of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.97% and a net margin of 24.77%. Federal Realty Investment Trust’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 earnings per share. Sell-side analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Institutional Trading of Federal Realty Investment Trust

Large investors have recently made changes to their positions in the business. Versant Capital Management Inc grew its holdings in shares of Federal Realty Investment Trust by 82.3% during the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 130 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $30,000. GKV Capital Management Co. Inc. bought a new stake in shares of Federal Realty Investment Trust during the first quarter worth $30,000. Federated Hermes Inc. grew its holdings in shares of Federal Realty Investment Trust by 143.9% during the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Finally, Dagco Inc. bought a new stake in shares of Federal Realty Investment Trust during the first quarter worth $34,000. 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.