Wells Fargo & Company Lowers Federal Realty Investment Trust (NYSE:FRT) Price Target to $125.00

Federal Realty Investment Trust (NYSE:FRT) had its target price reduced by equities research analysts at Wells Fargo & Company from $126.00 to $125.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 15.49% from the stock’s current price.

Several other brokerages also recently weighed in on FRT. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Thursday, January 16th. Scotiabank lifted their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $122.00 to $125.00 in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of $124.17.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $108.24 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 1.92 and a beta of 1.25. The firm’s 50-day moving average is $110.33 and its 200 day moving average is $112.09.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several large investors have recently modified their holdings of the business. NBC Securities Inc. raised its stake in Federal Realty Investment Trust by 81.7% in the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 107 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Federal Realty Investment Trust in the 3rd quarter valued at $36,000. Eastern Bank bought a new position in shares of Federal Realty Investment Trust in the 3rd quarter worth $52,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Federal Realty Investment Trust by 2,475.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 594 shares during the last quarter. Finally, CWM LLC boosted its position in Federal Realty Investment Trust by 10.9% during the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.