Federal Realty Investment Trust (NYSE:FRT) Price Target Raised to $128.00 at Scotiabank

Federal Realty Investment Trust (NYSE:FRT) had its price objective boosted by equities researchers at Scotiabank from $118.00 to $128.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target indicates a potential upside of 11.72% from the stock’s previous close.

A number of other research firms have also recently weighed in on FRT. Barclays upped their price target on shares of Federal Realty Investment Trust from $107.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Truist Financial boosted their price target on Federal Realty Investment Trust from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Piper Sandler upped their price target on Federal Realty Investment Trust from $115.00 to $127.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Wells Fargo & Company lifted their price target on Federal Realty Investment Trust from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Finally, UBS Group upped their target price on Federal Realty Investment Trust from $103.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.40.

Federal Realty Investment Trust Stock Down 0.3%

FRT stock opened at $114.57 on Tuesday. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 4.28 and a beta of 0.92. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. The company’s 50 day moving average price is $109.09 and its 200 day moving average price is $104.04. Federal Realty Investment Trust has a fifty-two week low of $89.99 and a fifty-two week high of $117.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new position in Federal Realty Investment Trust during the 4th quarter worth $25,000. Turning Point Benefit Group Inc. grew its position in shares of Federal Realty Investment Trust by 1,853.8% in the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 241 shares during the last quarter. True Wealth Design LLC increased its stake in shares of Federal Realty Investment Trust by 88.7% in the fourth quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 126 shares during the period. Private Trust Co. NA lifted its position in shares of Federal Realty Investment Trust by 937.5% during the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in Federal Realty Investment Trust during the 3rd quarter valued at approximately $35,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile

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.