Wells Fargo & Company Has Lowered Expectations for Federal Realty Investment Trust (NYSE:FRT) Stock Price

Federal Realty Investment Trust (NYSE:FRT) had its price objective lowered by equities research analysts at Wells Fargo & Company from $126.00 to $125.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 15.49% from the company’s current price.

FRT has been the subject of a number of other research reports. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Thursday, January 16th. Scotiabank raised their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $122.00 to $125.00 in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $124.17.

Federal Realty Investment Trust Stock Performance

FRT opened at $108.24 on Wednesday. The company has a market cap of $8.98 billion, a P/E ratio of 31.46, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. 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 $110.33 and its 200-day moving average price is $112.09. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week high of $118.34.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several institutional investors have recently made changes to their positions in the company. NBC Securities Inc. grew its position in Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 107 shares during the period. CWM LLC boosted its stake in shares of Federal Realty Investment Trust by 10.9% during the 3rd quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 110 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of Federal Realty Investment Trust by 2.7% during the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock valued at $533,000 after acquiring an additional 125 shares during the period. Jackson Grant Investment Advisers Inc. increased its stake in shares of Federal Realty Investment Trust by 11.5% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 137 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in Federal Realty Investment Trust by 3.6% in the 4th quarter. Stephens Inc. AR now owns 4,196 shares of the real estate investment trust’s stock worth $470,000 after purchasing an additional 144 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust

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.