Federal Realty Investment Trust (NYSE:FRT) Given New $115.00 Price Target at Stifel Nicolaus

Federal Realty Investment Trust (NYSE:FRT) had its price target decreased by Stifel Nicolaus from $115.75 to $115.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 8.37% from the company’s previous close.

Several other research analysts also recently commented on FRT. Wells Fargo & Company cut their price objective on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their price target for the company from $122.00 to $125.00 in a report on Friday, December 20th. Scotiabank raised their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Finally, StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday. Three equities 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.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average price target of $123.46.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock traded down $5.71 during trading hours on Friday, hitting $106.12. 720,813 shares of the company were exchanged, compared to its average volume of 689,008. The firm has a fifty day simple moving average of $109.28 and a 200 day simple moving average of $112.18. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week high of $118.34. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 30.85, a P/E/G ratio of 2.34 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.67% and a return on equity of 10.01%. Research analysts predict that Federal Realty Investment Trust will post 6.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Federal Realty Investment Trust

Large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Federal Realty Investment Trust by 6.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 334,348 shares of the real estate investment trust’s stock worth $37,432,000 after buying an additional 19,529 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Federal Realty Investment Trust by 7.8% in the fourth quarter. Hsbc Holdings PLC now owns 333,316 shares of the real estate investment trust’s stock worth $37,294,000 after buying an additional 24,025 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Federal Realty Investment Trust by 21.5% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,520 shares of the real estate investment trust’s stock worth $1,961,000 after buying an additional 3,104 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of Federal Realty Investment Trust by 8.2% in the fourth quarter. MML Investors Services LLC now owns 17,088 shares of the real estate investment trust’s stock worth $1,913,000 after buying an additional 1,296 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of Federal Realty Investment Trust by 3.0% in the fourth quarter. MetLife Investment Management LLC now owns 22,620 shares of the real estate investment trust’s stock worth $2,532,000 after buying an additional 653 shares in 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.