Last Updated: 13 Nov 2024
Executive Summary
Federal Realty Investment Trust (FRT) is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida. The company has a market capitalization of $9.83 billion and a dividend yield of 0.0385%. FRT's stock price is currently trading at $113.65, which is below its 52-week high of $117.21. The company's fundamentals are strong, with a trailing PE ratio of 33.49 and a forward PE ratio of 35.84. FRT's technical analysis is also bullish, with the stock price above its 50-day and 200-day moving averages. The short-term outlook for FRT is positive, with the stock price expected to continue to rise in the near term. The long-term outlook for FRT is also positive, with the company expected to continue to benefit from the growth of the retail sector.
Company Overview
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida. The company's portfolio consists of 103 shopping centers, with a total of 24.2 million square feet of leasable space. FRT's tenants include a mix of national and regional retailers, including Nordstrom, Macy's, and Target.
Fundamental Analysis
FRT's fundamentals are strong, with a trailing PE ratio of 33.49 and a forward PE ratio of 35.84. The company's earnings per share (EPS) have grown at an average annual rate of 6.5% over the past five years. FRT's balance sheet is also strong, with a debt-to-equity ratio of 0.37.
Technical Analysis
FRT's technical analysis is also bullish, with the stock price above its 50-day and 200-day moving averages. The stock price is also forming a bullish pennant pattern, which is a continuation pattern that indicates that the stock price is likely to continue to rise.
Short Term Outlook
The short-term outlook for FRT is positive, with the stock price expected to continue to rise in the near term. The stock price is currently trading above its 50-day and 200-day moving averages, and it is also forming a bullish pennant pattern. These technical indicators suggest that the stock price is likely to continue to rise in the near term.
Long Term Outlook
The long-term outlook for FRT is also positive, with the company expected to continue to benefit from the growth of the retail sector. The retail sector is expected to grow at an average annual rate of 3.5% over the next five years. This growth is expected to be driven by the growth of e-commerce, as well as the increasing popularity of experiential retail. FRT is well-positioned to benefit from these trends, as the company's shopping centers are located in densely populated areas with high levels of foot traffic.
Analyst Recommendations
The majority of analysts have a buy rating on FRT. The average analyst target price for FRT is $123.25, which represents a potential upside of 8.5% from the current stock price.
