Federal Realty Investment Trust (FRT) PT Set at $142.00 by BMO Capital Markets

Federal Realty Investment Trust (NYSE:FRT) has been given a $142.00 target price by research analysts at BMO Capital Markets in a report released on Tuesday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. BMO Capital Markets’ price target suggests a potential upside of 28.14% from the stock’s previous close.

Several other brokerages have also commented on FRT. Stifel Nicolaus started coverage on Federal Realty Investment Trust in a research note on Thursday, November 30th. They issued a “buy” rating and a $144.00 price target on the stock. Mizuho reaffirmed a “buy” rating and issued a $142.00 price target on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. Boenning Scattergood reaffirmed a “buy” rating and issued a $140.00 price target on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. UBS Group raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $131.00 to $141.00 in a research note on Thursday, November 9th. Finally, Wells Fargo & Co decreased their price target on Federal Realty Investment Trust from $151.00 to $144.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 6th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $139.92.

Federal Realty Investment Trust (FRT) opened at $110.82 on Tuesday. Federal Realty Investment Trust has a 12 month low of $106.41 and a 12 month high of $143.79. The company has a market capitalization of $7,997.57, a price-to-earnings ratio of 27.03, a PEG ratio of 2.98 and a beta of 0.23. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.57. Federal Realty Investment Trust had a return on equity of 13.28% and a net margin of 35.50%. The business had revenue of $223.96 million for the quarter, compared to analyst estimates of $218.68 million. During the same quarter in the prior year, the company posted $0.80 EPS. sell-side analysts expect that Federal Realty Investment Trust will post 5.91 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of FRT. JPMorgan Chase & Co. raised its holdings in shares of Federal Realty Investment Trust by 43.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,376,898 shares of the real estate investment trust’s stock valued at $420,257,000 after buying an additional 1,030,604 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Federal Realty Investment Trust by 57.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,150,079 shares of the real estate investment trust’s stock valued at $142,851,000 after buying an additional 417,339 shares during the period. Resolution Capital Ltd raised its holdings in shares of Federal Realty Investment Trust by 87.3% in the 3rd quarter. Resolution Capital Ltd now owns 546,450 shares of the real estate investment trust’s stock valued at $67,875,000 after buying an additional 254,705 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Federal Realty Investment Trust by 1,891.5% in the 4th quarter. Renaissance Technologies LLC now owns 233,000 shares of the real estate investment trust’s stock valued at $30,945,000 after buying an additional 221,300 shares during the period. Finally, Brookfield Asset Management Inc. raised its holdings in shares of Federal Realty Investment Trust by 18.4% in the 2nd quarter. Brookfield Asset Management Inc. now owns 903,707 shares of the real estate investment trust’s stock valued at $114,220,000 after buying an additional 140,607 shares during the period. Hedge funds and other institutional investors own 94.47% of the company’s stock.

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Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

Analyst Recommendations for Federal Realty Investment Trust (NYSE:FRT)

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