Federal Realty Investment Trust (NYSE:FRT) Receives New Coverage from Analysts at Credit Suisse Group

Research analysts at Credit Suisse Group initiated coverage on shares of Federal Realty Investment Trust (NYSE:FRTGet Rating) in a note issued to investors on Wednesday, The Fly reports. The firm set a “neutral” rating and a $104.00 price target on the real estate investment trust’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 7.05% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. StockNews.com initiated coverage on Federal Realty Investment Trust in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial reduced their price target on shares of Federal Realty Investment Trust from $128.00 to $125.00 in a research report on Friday, June 3rd. Wells Fargo & Company decreased their price target on shares of Federal Realty Investment Trust from $130.00 to $125.00 and set an “equal weight” rating for the company in a research report on Thursday, April 7th. Raymond James upgraded Federal Realty Investment Trust from a “market perform” rating to a “strong-buy” rating and set a $140.00 price target for the company in a report on Thursday, May 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Federal Realty Investment Trust from $150.00 to $143.00 and set a “buy” rating for the company in a research note on Thursday, March 31st. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.

Federal Realty Investment Trust stock opened at $97.15 on Wednesday. Federal Realty Investment Trust has a fifty-two week low of $92.02 and a fifty-two week high of $140.51. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 2.71 and a beta of 1.09. The stock’s fifty day moving average is $111.69 and its two-hundred day moving average is $120.21. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.50 and a current ratio of 1.50.

Federal Realty Investment Trust (NYSE:FRTGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.81). Federal Realty Investment Trust had a net margin of 26.80% and a return on equity of 10.76%. The business had revenue of $256.80 million during the quarter, compared to analysts’ expectations of $249.13 million. During the same period last year, the company earned $1.17 EPS. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, sell-side analysts forecast that Federal Realty Investment Trust will post 6 EPS for the current fiscal year.

In related news, Director David W. Faeder purchased 10,565 shares of the firm’s stock in a transaction on Tuesday, June 21st. The shares were bought at an average cost of $95.84 per share, for a total transaction of $1,012,549.60. Following the transaction, the director now directly owns 23,878 shares of the company’s stock, valued at approximately $2,288,467.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. M&R Capital Management Inc. acquired a new position in Federal Realty Investment Trust during the first quarter worth $32,000. MML Investors Services LLC increased its holdings in shares of Federal Realty Investment Trust by 2.5% during the third quarter. MML Investors Services LLC now owns 11,690 shares of the real estate investment trust’s stock worth $1,379,000 after buying an additional 287 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Federal Realty Investment Trust by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,477,819 shares of the real estate investment trust’s stock valued at $201,185,000 after acquiring an additional 14,201 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Federal Realty Investment Trust by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 929,201 shares of the real estate investment trust’s stock valued at $126,669,000 after purchasing an additional 18,988 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in Federal Realty Investment Trust in the fourth quarter worth $273,000. Institutional investors own 86.07% of the company’s stock.

Federal Realty Investment Trust Company Profile (Get Rating)

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.

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