Federal Realty Investment Trust (NYSE:FRT) Stock Rating Upgraded by Citigroup

Federal Realty Investment Trust (NYSE:FRT) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has a $135.00 price target on the real estate investment trust’s stock, up from their previous price target of $120.00. Citigroup’s price objective indicates a potential upside of 15.00% from the company’s current price.

A number of other analysts have also issued reports on the company. Piper Sandler boosted their price target on Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Mizuho boosted their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Wells Fargo & Company boosted their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. upped their target price on Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Finally, Scotiabank upped their target price on Federal Realty Investment Trust from $112.00 to $120.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.62.

Federal Realty Investment Trust Stock Up 1.0 %

Shares of NYSE:FRT opened at $117.39 on Friday. Federal Realty Investment Trust has a 1 year low of $85.59 and a 1 year high of $117.65. The business has a 50 day simple moving average of $111.82 and a two-hundred day simple moving average of $104.64. The firm has a market capitalization of $9.74 billion, a PE ratio of 41.78, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). The firm had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $293.61 million. Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 EPS. On average, equities analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Insider Transactions at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the transaction, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at $771,020.29. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the sale, the chief executive officer now owns 6,637 shares in the company, valued at approximately $771,020.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Trading of Federal Realty Investment Trust

Several large investors have recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in Federal Realty Investment Trust during the 2nd quarter worth about $33,000. Blue Trust Inc. lifted its holdings in shares of Federal Realty Investment Trust by 885.7% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 310 shares during the period. Tidemark LLC acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at about $40,000. Rothschild Investment LLC acquired a new position in shares of Federal Realty Investment Trust in the 2nd quarter valued at about $42,000. Finally, Quarry LP acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.