Bank of America Forecasts Strong Price Appreciation for Federal Realty Investment Trust (NYSE:FRT) Stock

Federal Realty Investment Trust (NYSE:FRT) had its price target raised by analysts at Bank of America from $125.00 to $128.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Bank of America‘s target price would suggest a potential upside of 6.83% from the company’s previous close.

Several other analysts have also weighed in on the stock. UBS Group lifted their target price on shares of Federal Realty Investment Trust from $103.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Weiss Ratings raised shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Piper Sandler reiterated an “overweight” rating on shares of Federal Realty Investment Trust in a report on Tuesday. Stifel Nicolaus raised their price objective on shares of Federal Realty Investment Trust from $109.50 to $111.00 and gave the company a “hold” rating in a research report on Friday, February 13th. Finally, Scotiabank increased their price target on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and an average target price of $120.14.

Federal Realty Investment Trust Price Performance

FRT stock traded down $1.21 on Friday, hitting $119.81. 548,537 shares of the company’s stock traded hands, compared to its average volume of 857,084. Federal Realty Investment Trust has a 1-year low of $89.99 and a 1-year high of $121.84. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 4.58 and a beta of 0.92. The stock has a fifty day moving average of $111.10 and a 200-day moving average of $105.34. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several institutional investors have recently modified their holdings of FRT. ProShare Advisors LLC lifted its position in shares of Federal Realty Investment Trust by 5.7% during the 3rd quarter. ProShare Advisors LLC now owns 1,797,002 shares of the real estate investment trust’s stock valued at $182,054,000 after buying an additional 96,271 shares during the last quarter. Truist Financial Corp grew its stake in Federal Realty Investment Trust by 496.2% in the third quarter. Truist Financial Corp now owns 129,198 shares of the real estate investment trust’s stock worth $13,089,000 after purchasing an additional 107,529 shares during the period. Knights of Columbus Asset Advisors LLC purchased a new stake in Federal Realty Investment Trust in the third quarter worth $972,000. Wealth Enhancement Advisory Services LLC grew its stake in Federal Realty Investment Trust by 173.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,791 shares of the real estate investment trust’s stock worth $1,541,000 after purchasing an additional 10,021 shares during the period. Finally, Centersquare Investment Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 2.2% during the third quarter. Centersquare Investment Management LLC now owns 1,270,854 shares of the real estate investment trust’s stock valued at $128,750,000 after purchasing an additional 27,306 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

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.