Federal Realty Investment Trust (NYSE:FRT) Price Target Raised to $131.00

Federal Realty Investment Trust (NYSE:FRT) had its price objective increased by research analysts at Bank of America from $128.00 to $131.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Bank of America‘s price objective would indicate a potential upside of 5.05% from the company’s previous close.

A number of other brokerages have also recently commented on FRT. Citigroup upped their price target on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Scotiabank lifted their price objective on Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Barclays boosted their price objective on Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Piper Sandler restated an “overweight” rating on shares of Federal Realty Investment Trust in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Federal Realty Investment Trust from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.43.

Federal Realty Investment Trust Trading Down 0.3%

NYSE:FRT opened at $124.70 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.98 and a beta of 0.94. Federal Realty Investment Trust has a one year low of $89.99 and a one year high of $126.41. The business has a fifty day moving average price of $117.91 and a 200-day moving average price of $109.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Danske Bank A S increased its holdings in shares of Federal Realty Investment Trust by 16.7% in the fourth quarter. Danske Bank A S now owns 700 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 100 shares during the last quarter. New Mexico Educational Retirement Board grew its holdings in Federal Realty Investment Trust by 2.8% during the 4th quarter. New Mexico Educational Retirement Board now owns 3,650 shares of the real estate investment trust’s stock valued at $368,000 after buying an additional 100 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in Federal Realty Investment Trust by 2.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 3,849 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 103 shares in the last quarter. Equitable Holdings Inc. increased its stake in Federal Realty Investment Trust by 3.5% in the 3rd quarter. Equitable Holdings Inc. now owns 3,114 shares of the real estate investment trust’s stock worth $315,000 after acquiring an additional 105 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Federal Realty Investment Trust by 18.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 109 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.