Federal Realty Investment Trust (NYSE:FRT) Sets New 52-Week High at $111.50

Federal Realty Investment Trust (NYSE:FRT) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $111.50 and last traded at $111.44, with a volume of 7186 shares trading hands. The stock had previously closed at $110.85.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $109.00 to $110.00 in a research note on Monday, April 22nd. Scotiabank lifted their price target on Federal Realty Investment Trust from $109.00 to $112.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Truist Financial dropped their price objective on Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, May 20th. Evercore ISI decreased their price target on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Federal Realty Investment Trust from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $114.00.

Federal Realty Investment Trust Stock Performance

The company has a 50 day simple moving average of $103.00 and a 200-day simple moving average of $101.76. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $9.36 billion, a P/E ratio of 40.14, a price-to-earnings-growth ratio of 2.28 and a beta of 1.23.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of large investors have recently added to or reduced their stakes in the business. Family Firm Inc. purchased a new position in shares of Federal Realty Investment Trust in the second quarter worth $33,000. Blue Trust Inc. grew its stake in shares of Federal Realty Investment Trust by 885.7% in the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 310 shares during the last quarter. Tidemark LLC purchased a new position in Federal Realty Investment Trust during the 4th quarter valued at about $40,000. Rothschild Investment LLC bought a new position in Federal Realty Investment Trust during the 2nd quarter valued at approximately $42,000. Finally, Quarry LP purchased a new stake in Federal Realty Investment Trust in the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.