Federal Realty Investment Trust (NYSE:FRT) Stock Rating Upgraded by Wells Fargo & Company

Federal Realty Investment Trust (NYSE:FRT) was upgraded by stock analysts at Wells Fargo & Company to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

FRT has been the subject of several other research reports. JPMorgan Chase & Co. increased 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 research report on Thursday, May 14th. Piper Sandler upped their price objective on shares of Federal Realty Investment Trust from $127.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group increased their target price on shares of Federal Realty Investment Trust from $118.00 to $127.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Wolfe Research assumed coverage on Federal Realty Investment Trust in a research note on Wednesday, July 8th. They issued an “outperform” rating and a $143.00 target price on the stock. Finally, Weiss Ratings upgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $127.62.

Federal Realty Investment Trust Price Performance

FRT stock opened at $126.07 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. Federal Realty Investment Trust has a 52 week low of $89.99 and a 52 week high of $126.86. The firm has a market cap of $10.89 billion, a P/E ratio of 21.89, a P/E/G ratio of 2.97 and a beta of 0.93. The firm’s fifty day moving average is $121.97 and its 200 day moving average is $112.10.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of large investors have recently modified their holdings of FRT. Park Square Financial Group LLC purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at about $25,000. Turning Point Benefit Group Inc. lifted its holdings in Federal Realty Investment Trust by 1,853.8% in the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 241 shares during the period. Private Trust Co. NA lifted its holdings in Federal Realty Investment Trust by 937.5% in the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares during the period. Advisory Services Network LLC bought a new stake in Federal Realty Investment Trust during the 3rd quarter valued at approximately $35,000. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Federal Realty Investment Trust by 72.4% during the 1st quarter. SJS Investment Consulting Inc. now owns 362 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 152 shares during the period. Institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

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.