Federal Realty Investment Trust (NYSE:FRT) has been assigned a $142.00 price objective by research analysts at BMO Capital Markets in a report released on Tuesday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. BMO Capital Markets’ price target would indicate a potential upside of 28.79% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. Boenning Scattergood set a $140.00 target price on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Friday, December 8th. Wells Fargo & Co cut their target price on shares of Federal Realty Investment Trust from $151.00 to $144.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. They noted that the move was a valuation call. Mizuho reiterated a “buy” rating and issued a $142.00 target price on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. Stifel Nicolaus assumed coverage on shares of Federal Realty Investment Trust in a report on Thursday, November 30th. They issued a “buy” rating and a $144.00 price target on the stock. Finally, UBS Group raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $131.00 to $141.00 in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $141.08.
Shares of Federal Realty Investment Trust (NYSE:FRT) opened at $110.26 on Tuesday. Federal Realty Investment Trust has a one year low of $106.64 and a one year high of $143.79. The stock has a market cap of $7,997.57, a PE ratio of 26.89, a P/E/G ratio of 2.98 and a beta of 0.23. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.27.
Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. raised its holdings in Federal Realty Investment Trust by 27.4% in the 2nd quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 297 shares during the period. Advisor Partners LLC bought a new position in shares of Federal Realty Investment Trust during the third quarter worth approximately $203,000. Magnetar Financial LLC bought a new position in shares of Federal Realty Investment Trust during the third quarter worth approximately $207,000. Lourd Capital LLC bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $211,000. Finally, American Assets Capital Advisers LLC bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $212,000. 94.47% of the stock is currently owned by hedge funds and other institutional investors.
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About Federal Realty Investment Trust
Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.
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