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

Federal Realty Investment Trust (NYSE:FRT) had its price target lowered by research analysts at JPMorgan Chase & Co. from $125.00 to $114.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 12.64% from the stock’s previous close.

A number of other brokerages have also weighed in on FRT. Scotiabank decreased their target price 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. Mizuho decreased their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Raymond James decreased their target price on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus decreased their target price on shares of 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. Finally, StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

Federal Realty Investment Trust Stock Performance

FRT stock opened at $101.21 on Friday. The stock has a market capitalization of $8.67 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The stock’s 50 day simple moving average is $106.56 and its 200 day simple moving average is $111.28.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. The business had revenue of $311.44 million for the quarter, compared to analysts’ expectations 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, research analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently bought and sold shares of the business. FIL Ltd increased its stake in 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 worth $3,984,000 after buying an additional 95 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Federal Realty Investment Trust by 1.7% in 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 in the last quarter. Smartleaf Asset Management LLC boosted its holdings 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 purchasing an additional 111 shares during the last quarter. Park Avenue Securities LLC boosted its holdings 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 purchasing an additional 125 shares during the last quarter. Finally, Keybank National Association OH boosted its holdings in shares of Federal Realty Investment Trust by 5.1% during the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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.