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

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

FRT has been the topic of several other research reports. Truist Financial boosted their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $120.00 to $135.00 in a report on Friday, September 13th. Raymond James lifted their price target on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. JPMorgan Chase & Co. increased their price target on Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Finally, Compass Point lifted their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of $123.38.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT traded down $1.42 on Tuesday, hitting $112.79. 691,776 shares of the company were exchanged, compared to its average volume of 626,348. 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’s 50 day moving average price is $113.34 and its two-hundred day moving average price is $110.20. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.17 and a beta of 1.24.

Institutional Investors Weigh In On Federal Realty Investment Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its stake in shares of Federal Realty Investment Trust by 4.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock worth $201,355,000 after purchasing an additional 90,395 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 worth $224,565,000 after buying an additional 7,160 shares during the last quarter. ProShare Advisors LLC raised its position 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 acquiring an additional 36,880 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Federal Realty Investment Trust by 3.5% in the third 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 acquiring an additional 42,209 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position 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 acquiring an additional 8,933 shares during the period. 93.86% of the stock is currently 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.