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

Federal Realty Investment Trust (NYSE:FRT) had its target price cut by Wells Fargo & Company from $126.00 to $125.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other analysts have also commented on the company. Scotiabank boosted their price objective on 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. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $122.00 to $125.00 in a research note on Friday, December 20th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.17.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $107.39 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50 day moving average price of $110.45 and a two-hundred day moving average price of $112.12. The firm has a market capitalization of $8.91 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.92 and a beta of 1.25. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of FRT. Public Sector Pension Investment Board raised its holdings in Federal Realty Investment Trust by 14.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 12,615 shares of the real estate investment trust’s stock valued at $1,274,000 after acquiring an additional 1,598 shares during the period. AQR Capital Management LLC increased its holdings in shares of Federal Realty Investment Trust by 15.0% in the second quarter. AQR Capital Management LLC now owns 89,717 shares of the real estate investment trust’s stock worth $8,983,000 after purchasing an additional 11,691 shares during the period. Millennium Management LLC increased its holdings in shares of Federal Realty Investment Trust by 304.0% in the second quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock worth $41,963,000 after purchasing an additional 312,726 shares during the period. Susquehanna Fundamental Investments LLC increased its holdings in shares of Federal Realty Investment Trust by 7.6% in the second quarter. Susquehanna Fundamental Investments LLC now owns 6,926 shares of the real estate investment trust’s stock worth $699,000 after purchasing an additional 489 shares during the period. Finally, Algert Global LLC increased its holdings in shares of Federal Realty Investment Trust by 40.6% in the second quarter. Algert Global LLC now owns 26,048 shares of the real estate investment trust’s stock worth $2,630,000 after purchasing an additional 7,520 shares during the period. 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.