Federal Realty Investment Trust (NYSE:FRT) has been assigned a consensus recommendation of “Buy” from the seventeen research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $137.17.
FRT has been the topic of several recent research reports. Scotiabank initiated coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, October 16th. They issued an “outperform” rating on the stock. BMO Capital Markets set a $135.00 price target on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Wednesday, October 31st. Zacks Investment Research reaffirmed a “buy” rating and issued a $140.00 price target on shares of Federal Realty Investment Trust in a research report on Tuesday, November 13th. Wells Fargo & Co raised their price target on shares of Federal Realty Investment Trust from $144.00 to $148.00 and gave the company an “outperform” rating in a research report on Thursday, November 15th. Finally, Citigroup set a $146.00 price target on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Tuesday, November 20th.
In other Federal Realty Investment Trust news, insider Donald C. Wood sold 12,210 shares of Federal Realty Investment Trust stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $132.43, for a total transaction of $1,616,970.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.95% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of FRT. Advisors Asset Management Inc. lifted its position in shares of Federal Realty Investment Trust by 474.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,449 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 3,674 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Federal Realty Investment Trust during the 2nd quarter worth approximately $397,000. Bank of New York Mellon Corp increased its stake in shares of Federal Realty Investment Trust by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 696,759 shares of the real estate investment trust’s stock worth $88,175,000 after purchasing an additional 5,812 shares during the last quarter. Smith Shellnut Wilson LLC ADV purchased a new stake in shares of Federal Realty Investment Trust during the 3rd quarter worth approximately $288,000. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of Federal Realty Investment Trust during the 3rd quarter worth approximately $306,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.
NYSE FRT traded up $0.03 during trading hours on Wednesday, hitting $136.55. The company’s stock had a trading volume of 4,810 shares, compared to its average volume of 353,892. Federal Realty Investment Trust has a 52 week low of $106.41 and a 52 week high of $136.70. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 4.32 and a beta of 0.51. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.21 and a current ratio of 1.21.
About Federal Realty Investment Trust
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.
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