Scotiabank Forecasts Strong Price Appreciation for Federal Realty Investment Trust (NYSE:FRT) Stock

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

Other equities research analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Piper Sandler lifted their price target on Federal Realty Investment Trust from $115.00 to $127.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. 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 research note on Tuesday, May 12th. UBS Group boosted their price objective on Federal Realty Investment Trust from $103.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Wells Fargo & Company raised their price target on shares of Federal Realty Investment Trust from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of $115.40.

Federal Realty Investment Trust Price Performance

Shares of FRT stock opened at $114.57 on Tuesday. 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 has a 52-week low of $89.99 and a 52-week high of $117.22. The firm’s 50 day moving average price is $109.09 and its two-hundred day moving average price is $104.04. The stock has a market cap of $9.90 billion, a PE ratio of 19.89, a PEG ratio of 4.28 and a beta of 0.92.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of hedge funds have recently made changes to their positions in FRT. Park Square Financial Group LLC bought a new stake in Federal Realty Investment Trust in the fourth quarter worth $25,000. Turning Point Benefit Group Inc. raised its holdings 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 acquiring an additional 241 shares in the last quarter. True Wealth Design LLC boosted its position in Federal Realty Investment Trust by 88.7% during the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 126 shares in the last quarter. Private Trust Co. NA lifted its position in Federal Realty Investment Trust by 937.5% during the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 300 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Federal Realty Investment Trust during the third quarter worth about $35,000. 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.