Federal Realty Investment Trust (NYSE:FRT)‘s stock had its “buy” rating reiterated by stock analysts at Stifel Nicolaus in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a $130.00 target price on the real estate investment trust’s stock, down from their prior target price of $144.00. Stifel Nicolaus’ target price suggests a potential upside of 17.31% from the stock’s current price.
Several other equities analysts have also recently commented on the stock. Jefferies Group set a $133.00 price target on shares of Federal Realty Investment Trust and gave the company a “hold” rating in a report on Tuesday. BMO Capital Markets set a $142.00 price target on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Co lowered their price target on shares of Federal Realty Investment Trust from $151.00 to $144.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. They noted that the move was a valuation call. Boenning Scattergood set a $140.00 price target on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a report on Friday, December 8th. Finally, UBS Group upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $131.00 to $141.00 in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $139.92.
Federal Realty Investment Trust (NYSE FRT) opened at $110.82 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.23. Federal Realty Investment Trust has a fifty-two week low of $106.41 and a fifty-two week high of $143.79. The company has a market cap of $8,070.23, a price-to-earnings ratio of 27.91, a PEG ratio of 2.98 and a beta of 0.23.
Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its stake in shares of 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 purchasing an additional 297 shares during the last quarter. Lourd Capital LLC acquired a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at $211,000. American Assets Capital Advisers LLC acquired a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at $212,000. Advisor Partners LLC acquired a new stake in shares of Federal Realty Investment Trust in the 3rd quarter valued at $203,000. Finally, Keel Point LLC acquired a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at $217,000. 94.47% of the stock is owned by institutional investors and hedge funds.
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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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