Federal Realty Investment Trust. (NYSE:FRT) shares traded 0.29% higher at $92.09 on Wall Street last session.
In accordance with the data, 16 analysts cover Federal Realty Investment Trust. (NYSE:FRT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $125.00 and a low of $93.00, we find $106.00. Given the previous closing price of $91.82, this indicates a potential upside of 15.44 percent. FRT stock price is now 0.89% away from the 50-day moving average and -4.33% away from the 200-day moving average. The market capitalization of the company currently stands at $7.52B.
It has been rated a hold by 8 analysts and a buy by 5. Brokers who have rated the stock have averaged $107.27 as their price target over the next twelve months.
With the price target reduced from $105 to $101, Mizuho Downgraded its rating from Buy to Neutral for Federal Realty Investment Trust. (NYSE: FRT).
In other news, WOOD DONALD C, Chief Executive Officer sold 1,891 shares of the company’s stock on Feb 14. The stock was sold for $212,196 at an average price of $112.21. Upon completion of the transaction, the Chief Executive Officer now directly owns 198,819 shares in the company, valued at $18.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13, Chief Executive Officer WOOD DONALD C sold 10,000 shares of the business’s stock. A total of $1,112,352 was realized by selling the stock at an average price of $111.24. This leaves the insider owning 200,710 shares of the company worth $18.48 million. Insiders disposed of 110,229 shares of company stock worth roughly $10.15 million over the past 1 year. A total of 1.07% of the company’s stock is owned by insiders.
Federal Realty Investment Trust. (NYSE: FRT) opened at $92.48 on Wednesday. During the past 12 months, Federal Realty Investment Trust. has had a low of $85.27 and a high of $115.08. According to the stock market information, the enterprise value for the company is $12.17B, which is based on a 26.76 price-to-earnings ratio, a 3.76 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for FRT is $91.28 and a two-hundred day moving average price translates $96.26 for the stock.
The latest earnings results from Federal Realty Investment Trust. (NYSE: FRT) was released for Sep, 2023. According to the REIT – Retail Company, earnings per share came in at $0.67, inline with analysts’ expectations of $0.67. This compares to $1.89 EPS in the same period last year. The net profit margin was 24.92% and return on equity was 9.93% for FRT. The company reported revenue of $286.6 million for the quarter, compared to $273.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.81 percent. For the current quarter, analysts expect FRT to generate $293.02M in revenue.
Federal Realty Investment Trust.(FRT) Company Profile
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, D.C. 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. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 102 properties include approximately 3,300 tenants, in 26 million square feet, and approximately 3,100 residential units. Federal Realty has increased its quarterly dividends to its shareholders for 56 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT.
