Federal Realty Investment Trust (FRT) – Monthly Stock Update
Published on September 22, 2024
Company Overview
Federal Realty Investment Trust (FRT) is a leading Real Estate Investment Trust (REIT) headquartered in North Bethesda, Maryland. Established in 1962, FRT specializes in owning, operating, and redeveloping high-quality retail properties across prime coastal markets, from Washington, D.C., to Boston, and extending into Northern and Southern California. The REIT manages a diversified portfolio of 102 properties encompassing approximately 3,400 tenants and 27 million square feet of commercial space, alongside around 3,100 residential units. FRT is recognized for creating vibrant urban mixed-use neighborhoods, fostering community interaction through a harmonious blend of shopping, dining, and living experiences. As a key player in the Retail REITs segment, Federal Realty aims to sustain long-term growth by investing in areas characterized by strong retail demand.
Financial Performance and Investment Outlook
Federal Realty Investment Trust recently reported total revenues of $1.168 billion, showcasing a robust financial position within the competitive retail landscape. The current stock price is $113.03, presenting a potential upside of approximately 19.5% to its target high price of $135.00. Analysts project a target mean price of $122.97, further emphasizing the growth potential.
Sentiment among analysts remains bullish, with a recommendation to buy supported by a mean score of 2.1 derived from 15 analyst opinions. The stock’s price is currently slight above its fifty-day moving average of $112.86, indicating an upward trend. FRT’s share structure includes 83,670,400 outstanding shares, with just 2.39% short interest, reflecting overall positive market sentiment regarding FRT’s future performance.
Market Sentiment and Analyst Insights
FRT’s market insights indicate a favorable outlook, with the stock having fluctuated between a year high of $118.34 and a low of $85.59, showcasing its volatility. The targets set by analysts present a range from a low of $114.50 to a high of $135.00, reinforcing the general consensus for potential appreciation. With strong fundamentals and manageable levels of bearish sentiment, Federal Realty Investment Trust stands as an attractive option for investors looking for opportunities in the trusted retail REIT sector.
In summary, with a solid revenue base and positive analyst outlook, investors might consider FRT a worthwhile addition to their portfolios as it navigates the evolving landscape of the retail real estate market.
| Metric | Value |
|---|---|
| Market Cap | $9.5b |
| Total Debt | $4.6b |
| Total Cash | $110.7m |
| Shares Outstanding | 83.7m |
| Float Shares | 82.7m |
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