JPMorgan Chase & Co. Issues Positive Forecast for Federal Realty Investment Trust (NYSE:FRT) Stock Price

by · The Cerbat Gem

Federal Realty Investment Trust (NYSE:FRT – Get Free Report) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $115.00 to $124.00 in a 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 price objective suggests a potential upside of 8.37% from the stock’s previous close.

A number of other brokerages have also recently weighed in on FRT. Truist Financial boosted their price target on Federal Realty Investment Trust from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings raised Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Piper Sandler boosted their price target on Federal Realty Investment Trust from $115.00 to $127.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Stifel Nicolaus lifted their price objective on Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Finally, Evercore set a $110.00 price objective on Federal Realty Investment Trust in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of $114.40.

Check Out Our Latest Stock Report on FRT

Federal Realty Investment Trust Stock Up 0.3%

Shares of NYSE:FRT traded up $0.30 on Thursday, reaching $114.43. The company had a trading volume of 138,011 shares, compared to its average volume of 851,230. Federal Realty Investment Trust has a twelve month low of $89.99 and a twelve month high of $117.22. The stock has a 50-day moving average price of $108.85 and a 200 day moving average price of $103.75. The stock has a market capitalization of $9.89 billion, a P/E ratio of 19.87, a P/E/G ratio of 4.48 and a beta of 0.92. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51.

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

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Federal Realty Investment Trust in the fourth quarter worth about $734,290,000. State Street Corp increased its stake in Federal Realty Investment Trust by 1.4% during the third quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock valued at $675,610,000 after acquiring an additional 90,127 shares during the period. Resolution Capital Ltd increased its stake in Federal Realty Investment Trust by 11.8% during the second quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock valued at $310,109,000 after acquiring an additional 344,189 shares during the period. Invesco Ltd. increased its stake in Federal Realty Investment Trust by 2.7% during the fourth quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust’s stock valued at $275,466,000 after acquiring an additional 72,718 shares during the period. Finally, Geode Capital Management LLC increased its stake in Federal Realty Investment Trust by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust’s stock valued at $221,217,000 after acquiring an additional 23,214 shares during the period. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Company Profile

(Get Free Report)

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.

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