Federal Realty Investment Trust (NYSE:FRT) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Federal Realty Investment Trust (NYSE:FRT) from a hold rating to a sell rating in a research note published on Friday.

A number of other research firms have also weighed in on FRT. Wells Fargo & Company lowered their price objective on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Scotiabank upped their price target on shares of 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 increased their price objective for the company from $122.00 to $125.00 in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus price target of $124.17.

Federal Realty Investment Trust Price Performance

Shares of FRT stock opened at $108.65 on Friday. Federal Realty Investment Trust has a twelve month low of $95.97 and a twelve month high of $118.34. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. The stock has a fifty day simple moving average of $110.20 and a two-hundred day simple moving average of $112.15. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 1.97 and a beta of 1.25.

Institutional Trading of Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. acquired a new position in Federal Realty Investment Trust during the 2nd quarter valued at about $303,000. Cetera Investment Advisers grew its stake in shares of Federal Realty Investment Trust by 1.1% during the second quarter. Cetera Investment Advisers now owns 21,952 shares of the real estate investment trust’s stock worth $2,216,000 after acquiring an additional 241 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Federal Realty Investment Trust during the second quarter valued at about $228,000. Czech National Bank raised its position in shares of Federal Realty Investment Trust by 7.7% in the 3rd quarter. Czech National Bank now owns 15,325 shares of the real estate investment trust’s stock valued at $1,762,000 after purchasing an additional 1,099 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Federal Realty Investment Trust by 55.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 24,200 shares of the real estate investment trust’s stock worth $2,782,000 after purchasing an additional 8,600 shares in the last quarter. Hedge funds and other 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.