Federal Realty Investment Trust (NYSE:FRT) Stock Price Expected to Rise, Bank of America Analyst Says

Federal Realty Investment Trust (NYSE:FRT) had its target price upped by Bank of America from $125.00 to $128.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Bank of America‘s price objective would suggest a potential upside of 6.83% from the stock’s current price.

Several other research firms have also recently commented on FRT. Wells Fargo & Company increased their target price on Federal Realty Investment Trust from $120.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Friday. Barclays lifted their price target on shares of Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price 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. Finally, UBS Group raised their price objective on Federal Realty Investment Trust from $103.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.14.

Federal Realty Investment Trust Stock Down 1.0%

FRT traded down $1.21 on Friday, hitting $119.81. 548,537 shares of the company were exchanged, compared to its average volume of 857,084. Federal Realty Investment Trust has a twelve month low of $89.99 and a twelve month high of $121.84. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 4.58 and a beta of 0.92. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. The firm has a 50-day moving average price of $111.10 and a two-hundred day moving average price of $105.34.

Institutional Trading of Federal Realty Investment Trust

Institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its holdings in shares of Federal Realty Investment Trust by 21.5% in the first quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 514 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Federal Realty Investment Trust by 43.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust’s stock worth $59,922,000 after purchasing an additional 184,557 shares during the period. Empowered Funds LLC lifted its stake in shares of Federal Realty Investment Trust by 12.5% in the 1st quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 355 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Federal Realty Investment Trust during the second quarter valued at $2,895,000. Finally, EverSource Wealth Advisors LLC grew its position in Federal Realty Investment Trust by 18.8% during the second quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 109 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

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.