Federal Realty Investment Trust (NYSE:FRT) Stock Gets Price Target Cut from Citigroup

Federal Realty Investment Trust (NYSE:FRT) had its price objective decreased by Citigroup from $130.00 to $121.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Citigroup‘s price target would suggest a potential upside of 6.55% from the stock’s previous close.

A number of other equities research analysts have also issued reports on FRT. JPMorgan Chase & Co. upped their target price on shares of Federal Realty Investment Trust from $124.00 to $129.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Sunday. Weiss Ratings lowered shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Wells Fargo & Company lowered their price target on shares of Federal Realty Investment Trust from $126.00 to $119.00 and set an “overweight” rating on the stock in a research report on Friday, October 23rd. Finally, Barclays dropped their price objective on shares of Federal Realty Investment Trust from $123.00 to $118.00 and set an “equal weight” rating for the company in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.31.

Federal Realty Investment Trust Price Performance

Shares of FRT traded up $0.98 during trading hours on Monday, hitting $113.56. 221,392 shares of the stock were exchanged, compared to its average volume of 890,783. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.53 and a current ratio of 1.53. Federal Realty Investment Trust has a 12-month low of $95.14 and a 12-month high of $128.21. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.81 and a beta of 0.94. The stock’s 50-day moving average price is $110.52 and its two-hundred day moving average price is $113.18.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Friday, October 30th. The real estate investment trust reported $0.74 EPS for the quarter, missing the consensus estimate of $1.85 by ($1.11). The firm had revenue of $339.02 million during the quarter, compared to analyst estimates of $336.57 million. Federal Realty Investment Trust had a net margin of 32.60% and a return on equity of 13.76%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.77 earnings per share. Research analysts expect that Federal Realty Investment Trust will post 7.56 earnings per share for the current year.

Insider Transactions at Federal Realty Investment Trust

In other news, Director Nicole Lamb-Hale sold 1,500 shares of Federal Realty Investment Trust stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $108.89, for a total transaction of $163,335.00. Following the transaction, the director owned 4,613 shares in the company, valued at $502,309.57. The trade was a 24.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds have recently modified their holdings of FRT. North Dakota State Investment Board grew its stake in shares of Federal Realty Investment Trust by 3.7% in the 3rd quarter. North Dakota State Investment Board now owns 2,623 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 93 shares during the period. Pension & Wealth Management Advisors Inc. increased its holdings in shares of Federal Realty Investment Trust by 12.4% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 1,045 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 115 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Federal Realty Investment Trust by 6.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,347 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 132 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Federal Realty Investment Trust by 64.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 370 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 145 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Federal Realty Investment Trust by 2.1% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 9,879 shares of the real estate investment trust’s stock valued at $1,070,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty Investment Trust is a real estate investment trust that owns, operates, and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and destination-style properties that combine retail, restaurants, entertainment, and, in some locations, residential and office space.

The company focuses on established, densely populated communities, primarily in the Northeast, Mid-Atlantic, California, and South Florida. Its properties serve shoppers, residents, and businesses through a mix of national and local retailers, dining options, and other services.

Founded in 1962, Federal Realty has developed and operated properties such as Santana Row in San Jose, California, and Pike & Rose in North Bethesda, Maryland.