Piper Sandler Upgrades Federal Realty Investment Trust to Overweight Rating
July 6, 2023
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Recently, Piper Sandler has upgraded their rating on Federal Realty Investment ($NYSE:FRT) Trust (FRT) to an Overweight rating. It invests primarily in high-quality retail real estate located primarily in high-density markets in the United States. Throughout its history, FRT has maintained a diverse portfolio of properties ranging from shopping centers to mixed-use developments. FRT seeks to provide shareholders with long-term growth and consistent income stream through its extensive portfolio.
The company has also committed to sustainability and has achieved a low carbon footprint and energy efficiency through its investments in renewable energy sources. With Piper Sandler’s Overweight rating, FRT is well-positioned to capitalize on the current real estate market and provide shareholders with attractive returns. The company’s diverse portfolio and commitment to sustainability are both sure to continue to be long-term drivers of growth and value.
Price History
On Monday, Federal Realty Investment Trust’s stock opened at $96.1 and closed at $97.3, up by 0.6% from its previous closing price of $96.8. This increase is indicative of the positive sentiment towards Federal Realty Investment Trust and its potential to continue to grow in the coming months. Investors are hopeful that Federal Realty Investment Trust can live up to its potential and are optimistic about its future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FRT. More…
| Total Revenues | Net Income | Net Margin |
| 1.09k | 379.48 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FRT. More…
| Operations | Investing | Financing |
| 556.71 | -798.62 | 171 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FRT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.27k | 5.09k | 33.93 |
Key Ratios Snapshot
Some of the financial key ratios for FRT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 34.0% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we recently analyzed FEDERAL REALTY INVESTMENT TRUST’s wellbeing. Our Star Chart revealed that FEDERAL REALTY INVESTMENT TRUST has an intermediate health score of 6/10, which indicates that the company is able to sustain future operations in times of crisis when considering its cashflows and debt. Based on this analysis, we classified FEDERAL REALTY INVESTMENT TRUST as a ‘cow’, a type of company with a track record of paying out consistent and sustainable dividends. This type of company may be attractive to investors who prioritize a steady stream of income. Overall, FEDERAL REALTY INVESTMENT TRUST is strong in terms of assets, dividend, and profitability. However, it is weaker in terms of growth. More…
Peers
As of December 31, 2019, the company owned 86 shopping centers and street retail properties comprising 22.5 million square feet. Its competitors include Regency Centers Corp, Charter Hall Retail REIT, and BHG Retail REIT.
– Regency Centers Corp ($NASDAQ:REG)
Regency Centers is a real estate investment trust that owns, operates, and develops shopping centers. The company’s portfolio includes properties in the United States, Puerto Rico, and the Virgin Islands. As of December 31, 2020, Regency Centers owned 446 retail properties with a total of 106.9 million square feet of space. The company’s tenants include grocery stores, restaurants, banks, and other service businesses.
– Charter Hall Retail REIT ($ASX:CQR)
Charter Hall Retail REIT is an Australian real estate investment trust that owns and operates a portfolio of shopping centers across Australia. The company has a market cap of 2.3 billion as of 2022. The company’s portfolio includes over 50 shopping centers, with a total value of over A$6 billion. The company’s properties are located in major metropolitan areas across Australia, including Sydney, Melbourne, Brisbane, Perth, and Adelaide.
– BHG Retail REIT ($SGX:BMGU)
BHG Retail REIT has a market cap of 274.27M as of 2022. The company focuses on owning and operating retail properties in the United States. As of December 31, 2020, the company owned and operated 89 retail properties, which consisted of 78 neighborhood and community shopping centers, six freestanding retail buildings, and one retail condominium.
Summary
Federal Realty Investment Trust (FRT) has recently been lifted to an “Overweight” rating by Piper Sandler, a leading investment advisory firm. FRT is a publicly traded Real Estate Investment Trust (REIT) that specializes in the ownership and operation of shopping centers, mixed-use properties, and other retail locations in the US. Piper Sandler’s analysts cite FRT’s portfolio performance as their primary reason for the upgrade. The portfolio is comprised of high-quality properties located in densely populated markets with strong tenant demand.
The firm also believes that FRT’s experienced leadership team and conservative approach to capital allocation will drive long-term growth and shareholder value. Piper Sandler believes that investors should take advantage of the current market conditions and position themselves to benefit from FRT’s strong fundamentals.
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