Analysts Set Federal Realty Investment Trust (NYSE:FRT) Target Price at $123.92

Federal Realty Investment Trust (NYSE:FRT) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $124.17.

Several analysts have recently weighed in on the stock. 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. StockNews.com downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Friday. Scotiabank boosted their price objective on shares of 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. Finally, 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 stock from $122.00 to $125.00 in a research note on Friday, December 20th.

Institutional Inflows and Outflows

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

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $108.65 on Monday. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The business’s 50 day moving average price is $110.20 and its 200 day moving average price is $112.11. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The firm has a market cap of $9.01 billion, a P/E ratio of 31.58, a P/E/G ratio of 1.97 and a beta of 1.25.

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.