Wells Fargo & Company Issues Pessimistic Forecast for Federal Realty Investment Trust (NYSE:FRT) Stock Price

Federal Realty Investment Trust (NYSE:FRT) had its price target lowered by Wells Fargo & Company from $126.00 to $125.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

FRT has been the topic of several other research reports. Scotiabank increased their target price on 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. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $122.00 to $125.00 in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of $124.17.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $108.65 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The company has a 50 day moving average price of $110.20 and a 200-day moving average price of $112.11. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34. The stock has a market capitalization of $9.01 billion, a PE ratio of 31.58, a PEG ratio of 1.97 and a beta of 1.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FRT. NBC Securities Inc. increased its position in shares of Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 107 shares during the period. Brooklyn Investment Group purchased a new stake in Federal Realty Investment Trust during the 3rd quarter valued at about $36,000. Eastern Bank acquired a new position in shares of Federal Realty Investment Trust in the third quarter valued at about $52,000. Venturi Wealth Management LLC raised its stake in shares of Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 333 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Federal Realty Investment Trust by 2,475.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 594 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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.