Wolfe Research Initiates Coverage on Federal Realty Investment Trust (NYSE:FRT)

Equities research analysts at Wolfe Research began coverage on shares of Federal Realty Investment Trust (NYSE:FRT) in a research report issued on Wednesday. The firm set an “outperform” rating and a $143.00 price target on the real estate investment trust’s stock. Wolfe Research’s price objective would suggest a potential upside of 17.13% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research note on Friday, May 29th. Barclays increased their target price on Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Mizuho set a $130.00 price objective on Federal Realty Investment Trust and gave the company an “outperform” rating in a report on Monday, June 1st. Evercore set a $122.00 target price on Federal Realty Investment Trust in a research report on Tuesday. Finally, Truist Financial boosted their target price on Federal Realty Investment Trust from $112.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $126.12.

Federal Realty Investment Trust Stock Up 1.3%

Federal Realty Investment Trust stock opened at $122.09 on Wednesday. The firm has a market capitalization of $10.55 billion, a P/E ratio of 21.20, a P/E/G ratio of 2.87 and a beta of 0.93. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. Federal Realty Investment Trust has a twelve month low of $89.99 and a twelve month high of $126.41. The stock’s fifty day simple moving average is $119.45 and its 200-day simple moving average is $110.15.

Institutional Trading of Federal Realty Investment Trust

A number of institutional investors have recently modified their holdings of the business. Park Square Financial Group LLC purchased a new stake in shares of Federal Realty Investment Trust during the 4th quarter worth $25,000. Turning Point Benefit Group Inc. increased its holdings in Federal Realty Investment Trust by 1,853.8% during the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 241 shares in the last quarter. True Wealth Design LLC increased its holdings in Federal Realty Investment Trust by 88.7% during the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 126 shares in the last quarter. Private Trust Co. NA raised its position in Federal Realty Investment Trust by 937.5% during the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 300 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Federal Realty Investment Trust during the third quarter worth about $35,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

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.