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

Shares of Federal Realty Investment Trust (NYSE:FRT) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $124.17.

A number of research analysts have recently commented on FRT shares. Scotiabank boosted their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. StockNews.com downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Friday. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and increased their price target for the company from $122.00 to $125.00 in a report on Friday, December 20th. Finally, Wells Fargo & Company dropped 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 note on Wednesday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in Federal Realty Investment Trust by 9.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 77,126 shares of the real estate investment trust’s stock valued at $7,787,000 after purchasing an additional 6,654 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Federal Realty Investment Trust by 4.9% during the second quarter. Pacer Advisors Inc. now owns 5,222 shares of the real estate investment trust’s stock valued at $527,000 after purchasing an additional 244 shares during the period. Public Sector Pension Investment Board lifted its holdings in Federal Realty Investment Trust by 14.5% in the second quarter. Public Sector Pension Investment Board now owns 12,615 shares of the real estate investment trust’s stock worth $1,274,000 after purchasing an additional 1,598 shares during the period. Bank of Montreal Can raised its position in shares of Federal Realty Investment Trust by 12.5% during the 2nd quarter. Bank of Montreal Can now owns 183,258 shares of the real estate investment trust’s stock worth $18,560,000 after buying an additional 20,425 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Federal Realty Investment Trust in the second quarter valued at approximately $3,964,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

FRT stock opened at $108.65 on Monday. The stock has a 50-day simple moving average of $110.20 and a 200-day simple moving average of $112.11. The firm has a market cap of $9.01 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. Federal Realty Investment Trust has a 1 year low of $95.97 and a 1 year high of $118.34.

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.