Federal Realty Investment Trust (NYSE:FRT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Federal Realty Investment Trust (NYSE:FRT) have been given an average recommendation of “Moderate Buy” by the twelve research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $124.17.

Several research firms recently weighed in on FRT. Wells Fargo & Company reduced their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and increased their target price for the company from $122.00 to $125.00 in a research report on Friday, December 20th. StockNews.com cut shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Friday. Finally, Scotiabank increased their price objective on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $108.65 on Monday. The stock has a 50 day moving average of $110.20 and a 200 day moving average of $112.15. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.97 and a beta of 1.25. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FRT. JPMorgan Chase & Co. boosted its position in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after acquiring an additional 168,885 shares during the period. Geode Capital Management LLC boosted its holdings in Federal Realty Investment Trust by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,956,097 shares of the real estate investment trust’s stock valued at $224,565,000 after purchasing an additional 7,160 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Federal Realty Investment Trust by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust’s stock valued at $143,473,000 after purchasing an additional 42,209 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Federal Realty Investment Trust by 1,463.8% in the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock worth $70,251,000 after purchasing an additional 572,008 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Federal Realty Investment Trust by 456.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock worth $69,544,000 after buying an additional 496,129 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

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.