Federal Realty Investment Trust (NYSE:FRT) Rating Increased to Overweight at JPMorgan Chase & Co.

Federal Realty Investment Trust (NYSE:FRT) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a $114.00 price target on the real estate investment trust’s stock, up from their prior price target of $107.00. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 12.11% from the company’s previous close.

Several other equities analysts have also recently commented on FRT. Deutsche Bank Aktiengesellschaft set a $105.00 target price on shares of Federal Realty Investment Trust and gave the company a “hold” rating in a research report on Tuesday, October 7th. Mizuho boosted their price target on Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Wells Fargo & Company started coverage on Federal Realty Investment Trust in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $113.00 price objective on the stock. Scotiabank boosted their target price on Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Finally, LADENBURG THALM/SH SH upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a research note on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.97.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $101.69 on Thursday. The business has a fifty day moving average price of $97.89 and a two-hundred day moving average price of $97.05. The stock has a market capitalization of $8.77 billion, a PE ratio of 25.81, a P/E/G ratio of 3.68 and a beta of 1.01. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.60 and a quick ratio of 1.60. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $115.59.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. The company had revenue of $321.97 million for the quarter, compared to analysts’ expectations of $318.73 million. Federal Realty Investment Trust had a return on equity of 11.12% and a net margin of 27.65%.Federal Realty Investment Trust’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $1.71 earnings per share. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. As a group, equities analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FRT. Hilltop National Bank bought a new stake in Federal Realty Investment Trust during the 2nd quarter worth approximately $28,000. GKV Capital Management Co. Inc. bought a new position in shares of Federal Realty Investment Trust during the first quarter valued at $30,000. Spire Wealth Management lifted its holdings in shares of Federal Realty Investment Trust by 365.3% during the second quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 263 shares during the period. Advisory Services Network LLC bought a new stake in shares of Federal Realty Investment Trust in the third quarter worth $35,000. Finally, Quent Capital LLC acquired a new stake in Federal Realty Investment Trust in the third quarter valued at $39,000. Institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.