JPMorgan Chase & Co. Upgrades Federal Realty Investment Trust (NYSE:FRT) to “Overweight”

Federal Realty Investment Trust (NYSE:FRT) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Friday,Briefing.com Automated Import reports. The firm presently has a $125.00 price target on the real estate investment trust’s stock, up from their prior price target of $122.00. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 14.10% from the stock’s current price.

Several other research firms have also weighed in on FRT. StockNews.com lowered shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Compass Point lifted their target price on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Wells Fargo & Company increased their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Truist Financial boosted their price objective on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, Scotiabank raised 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 report on Monday, November 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.62.

Federal Realty Investment Trust Stock Down 0.3 %

Shares of Federal Realty Investment Trust stock opened at $109.55 on Friday. The business has a fifty day simple moving average of $113.58 and a 200 day simple moving average of $110.72. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34. The stock has a market cap of $9.09 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48.

Institutional Investors Weigh In On Federal Realty Investment Trust

Hedge funds have recently bought and sold shares of the stock. NBC Securities Inc. increased its stake in shares of Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 107 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Federal Realty Investment Trust during the third quarter worth $36,000. Family Firm Inc. bought a new stake in shares of Federal Realty Investment Trust in the second quarter valued at about $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 valued at $35,000 after acquiring an additional 310 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in Federal Realty Investment Trust during the second quarter worth about $42,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.

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.