Federal Realty Investment Trust (NYSE:FRT) Price Target Lowered to $114.00 at JPMorgan Chase & Co.

Federal Realty Investment Trust (NYSE:FRT) had its target price cut by investment analysts at JPMorgan Chase & Co. from $125.00 to $114.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 12.64% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Raymond James reduced their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Mizuho reduced their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company reduced their price objective on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.00.

Federal Realty Investment Trust Stock Up 0.3 %

Shares of NYSE:FRT opened at $101.21 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34. The company has a 50-day moving average price of $106.56 and a 200 day moving average price of $111.28. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. As a group, equities research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Hedge Funds Weigh In On Federal Realty Investment Trust

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in Federal Realty Investment Trust by 3.6% during 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 buying an additional 168,885 shares during the period. Principal Financial Group Inc. increased its holdings in Federal Realty Investment Trust by 8.7% during the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after buying an additional 7,501 shares during the period. Meridian Wealth Management LLC purchased a new position in Federal Realty Investment Trust during the third quarter valued at approximately $1,322,000. Vert Asset Management LLC increased its holdings in Federal Realty Investment Trust by 12.3% during the fourth quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock valued at $3,697,000 after buying an additional 3,617 shares during the period. Finally, Blue Trust Inc. increased its holdings in Federal Realty Investment Trust by 14.5% during the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 175 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

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.