Federal Realty Investment Trust (NYSE:FRT) Rating Lowered to “Sell” at StockNews.com

Federal Realty Investment Trust (NYSE:FRT) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Other equities research analysts have also issued reports about the stock. Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Evercore ISI increased their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $122.00 to $125.00 in a research report on Friday, December 20th. Scotiabank upped their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Finally, Compass Point raised their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.62.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $104.96 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The firm’s 50-day moving average price is $112.92 and its 200-day moving average price is $111.73. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week high of $118.34. The company has a market cap of $8.71 billion, a PE ratio of 30.51, a PEG ratio of 2.17 and a beta of 1.25.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. NBC Securities Inc. lifted 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 purchasing an additional 107 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter worth approximately $36,000. Eastern Bank bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter worth approximately $52,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in 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 valued at $71,000 after acquiring an additional 594 shares during the period. Finally, Y.D. More Investments Ltd bought a new position in Federal Realty Investment Trust in the 2nd quarter valued at $96,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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 communities where retail demand exceeds supply.