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Federal Realty Investment Trust (NYSE:FRT) Upgraded to "Buy" at Compass Point

kopsource ·  Feb 3, 2023 02:01

Compass Point upgraded shares of Federal Realty Investment Trust (NYSE:FRT – Get Rating) from a neutral rating to a buy rating in a report issued on Monday morning, Marketbeat Ratings reports. They currently have $125.00 target price on the real estate investment trust's stock.

FRT has been the topic of several other research reports. StockNews.com upgraded shares of Federal Realty Investment Trust from a sell rating to a hold rating in a research report on Tuesday, January 10th. Evercore ISI reduced their price target on shares of Federal Realty Investment Trust to $104.00 in a report on Thursday, October 20th. Piper Sandler cut shares of Federal Realty Investment Trust from an overweight rating to a neutral rating and reduced their price target for the stock from $115.00 to $112.00 in a report on Thursday, December 15th. Barclays lifted their price objective on shares of Federal Realty Investment Trust from $114.00 to $129.00 and gave the company an overweight rating in a report on Tuesday, December 6th. Finally, Mizuho cut their price target on shares of Federal Realty Investment Trust from $125.00 to $109.00 and set a buy rating on the stock in a report on Friday, November 11th. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $117.53.

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Federal Realty Investment Trust Stock Up 1.8 %

Federal Realty Investment Trust stock opened at $114.08 on Monday. The stock has a market cap of $9.26 billion, a P/E ratio of 24.22, a P/E/G ratio of 2.67 and a beta of 1.20. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.55. Federal Realty Investment Trust has a twelve month low of $86.43 and a twelve month high of $128.13. The company's 50-day moving average price is $106.61 and its two-hundred day moving average price is $102.86.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently made changes to their positions in FRT. RB Capital Management LLC purchased a new stake in shares of Federal Realty Investment Trust in the 1st quarter valued at $272,000. American Century Companies Inc. raised its holdings in Federal Realty Investment Trust by 119.6% during the 1st quarter. American Century Companies Inc. now owns 19,465 shares of the real estate investment trust's stock valued at $2,376,000 after buying an additional 10,601 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Federal Realty Investment Trust by 25.4% during the 1st quarter. MetLife Investment Management LLC now owns 19,396 shares of the real estate investment trust's stock valued at $2,368,000 after buying an additional 3,929 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in Federal Realty Investment Trust by 3.9% during the 1st quarter. Panagora Asset Management Inc. now owns 5,123 shares of the real estate investment trust's stock valued at $625,000 after buying an additional 193 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Federal Realty Investment Trust by 7.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,467 shares of the real estate investment trust's stock valued at $1,156,000 after buying an additional 679 shares during the last quarter. Hedge funds and other institutional investors own 86.20% of the company's stock.

Federal Realty Investment Trust Company Profile

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Federal Realty Investment Trust operates as an equity real estate investment trust. It owns, manages, and re-develops retail and mixed-use properties. The company was founded in 1962 and is headquartered in North Bethesda, MD.

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