Federal Realty Investment Trust (NYSE:FRT) Stock Rating Upgraded by JPMorgan Chase & Co.

Federal Realty Investment Trust (NYSE:FRT) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Friday, Marketbeat.com reports. The firm presently has a $125.00 price target on the real estate investment trust’s stock, up from their previous price target of $122.00. JPMorgan Chase & Co.‘s price objective points to a potential upside of 11.69% from the company’s previous close.

FRT has been the subject of a number of other research reports. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Wells Fargo & Company raised their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Compass Point boosted their price target on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Evercore ISI raised their price objective 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. Finally, Scotiabank upped their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.62.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $111.92 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34. The stock’s 50-day moving average is $113.59 and its 200-day moving average is $110.85.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its position in shares of Federal Realty Investment Trust by 4.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock valued at $201,355,000 after buying an additional 90,395 shares in the last quarter. Geode Capital Management LLC raised its position in Federal Realty Investment Trust by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,956,097 shares of the real estate investment trust’s stock valued at $224,565,000 after purchasing an additional 7,160 shares in the last quarter. ProShare Advisors LLC lifted its stake in Federal Realty Investment Trust by 2.2% during the second quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust’s stock worth $174,883,000 after purchasing an additional 36,880 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Federal Realty Investment Trust by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust’s stock valued at $143,473,000 after purchasing an additional 42,209 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Federal Realty Investment Trust by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust’s stock valued at $115,000,000 after purchasing an additional 8,933 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

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 communities where retail demand exceeds supply.