Federal Realty Investment Trust (NYSE:FRT) Price Target Lowered to $125.00 at Wells Fargo & Company

Federal Realty Investment Trust (NYSE:FRT) had its price objective lowered by Wells Fargo & Company from $126.00 to $125.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

FRT has been the subject of several other reports. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and upped their price target for the company from $122.00 to $125.00 in a research report on Friday, December 20th. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Thursday, January 16th. Finally, Scotiabank raised their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.17.

Federal Realty Investment Trust Stock Down 1.2 %

FRT opened at $107.39 on Wednesday. The stock has a market cap of $8.91 billion, a PE ratio of 31.22, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The business’s fifty day simple moving average is $110.45 and its 200 day simple moving average is $112.12.

Hedge Funds Weigh In On Federal Realty Investment Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. NBC Securities Inc. increased its stake in shares of Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 107 shares in the last quarter. Brooklyn Investment Group purchased a new position in Federal Realty Investment Trust in the 3rd quarter worth approximately $36,000. Eastern Bank purchased a new position in Federal Realty Investment Trust in the 3rd quarter worth approximately $52,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Federal Realty Investment Trust by 2,475.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 594 shares during the last quarter. Finally, CWM LLC raised its holdings in Federal Realty Investment Trust by 10.9% in the 3rd quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 110 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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.