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

Federal Realty Investment Trust (NYSE:FRT) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $115.00 to $124.00 in a research report issued 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 points to a potential upside of 8.37% from the company’s current price.

A number of other brokerages have also recently issued reports on FRT. Barclays lifted their target price on Federal Realty Investment Trust from $107.00 to $116.00 and gave the stock an “equal weight” rating in a report on Tuesday. Piper Sandler lifted their target price on Federal Realty Investment Trust from $115.00 to $127.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Scotiabank lifted their target price on Federal Realty Investment Trust from $113.00 to $118.00 and gave the stock a “sector outperform” rating in a report on Tuesday, March 24th. Stifel Nicolaus lifted their target price on Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Finally, Weiss Ratings upgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.40.

Federal Realty Investment Trust Price Performance

Shares of FRT stock traded up $0.30 during mid-day trading on Thursday, hitting $114.43. 138,011 shares of the stock traded hands, 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 firm has a market cap of $9.89 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 4.48 and a beta of 0.92. The company’s 50-day simple moving average is $108.85 and its 200-day simple moving average is $103.75. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, February 12th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.38). The firm had revenue of $336.05 million for the quarter, compared to analyst estimates of $327.65 million. Federal Realty Investment Trust had a net margin of 38.63% and a return on equity of 15.99%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 earnings per share. As a group, equities research analysts expect that Federal Realty Investment Trust will post 7.51 earnings per share for the current year.

Institutional Trading of Federal Realty Investment Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Mizuho Markets Americas LLC boosted its position in Federal Realty Investment Trust by 21.4% during the first quarter. Mizuho Markets Americas LLC now owns 131,598 shares of the real estate investment trust’s stock valued at $13,977,000 after purchasing an additional 23,216 shares during the last quarter. Sei Investments Co. boosted its position in Federal Realty Investment Trust by 14.3% during the first quarter. Sei Investments Co. now owns 400,662 shares of the real estate investment trust’s stock valued at $42,554,000 after purchasing an additional 50,252 shares during the last quarter. First Trust Advisors LP boosted its position in Federal Realty Investment Trust by 693.9% during the first quarter. First Trust Advisors LP now owns 382,058 shares of the real estate investment trust’s stock valued at $40,578,000 after purchasing an additional 333,931 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Federal Realty Investment Trust during the first quarter valued at $133,000. Finally, Earned Wealth Advisors LLC acquired a new stake in Federal Realty Investment Trust during the first quarter valued at $231,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

About Federal Realty Investment Trust

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.