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

Federal Realty Investment Trust (NYSE:FRT) had its target price dropped by equities researchers at Wells Fargo & Company from $126.00 to $125.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 15.13% from the stock’s previous close.

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

Federal Realty Investment Trust Trading Down 0.1 %

FRT traded down $0.14 on Wednesday, hitting $108.57. The company had a trading volume of 59,231 shares, compared to its average volume of 592,527. The business’s fifty day simple moving average is $110.56 and its 200 day simple moving average is $112.15. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34. The company has a market cap of $9.01 billion, a PE ratio of 31.56, a PEG ratio of 1.92 and a beta of 1.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FRT. Public Sector Pension Investment Board increased its stake in shares of Federal Realty Investment Trust by 14.5% during the second quarter. Public Sector Pension Investment Board now owns 12,615 shares of the real estate investment trust’s stock valued at $1,274,000 after buying an additional 1,598 shares during the period. AQR Capital Management LLC grew its holdings in Federal Realty Investment Trust by 15.0% during the 2nd quarter. AQR Capital Management LLC now owns 89,717 shares of the real estate investment trust’s stock worth $8,983,000 after acquiring an additional 11,691 shares in the last quarter. Millennium Management LLC increased its position in Federal Realty Investment Trust by 304.0% during the 2nd quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock valued at $41,963,000 after purchasing an additional 312,726 shares during the period. Susquehanna Fundamental Investments LLC raised its holdings in shares of Federal Realty Investment Trust by 7.6% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 6,926 shares of the real estate investment trust’s stock valued at $699,000 after purchasing an additional 489 shares in the last quarter. Finally, Algert Global LLC lifted its position in shares of Federal Realty Investment Trust by 40.6% in the 2nd quarter. Algert Global LLC now owns 26,048 shares of the real estate investment trust’s stock worth $2,630,000 after purchasing an additional 7,520 shares during the period. 93.86% of the stock is currently 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.