Bank of America Forecasts Strong Price Appreciation for Federal Realty Investment Trust (NYSE:FRT) Stock

Federal Realty Investment Trust (NYSE:FRT) had its price objective boosted by investment analysts at Bank of America from $128.00 to $131.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Bank of America‘s price target indicates a potential upside of 5.05% from the stock’s current price.

Several other research analysts have also commented on the company. UBS Group set a $130.00 price target on Federal Realty Investment Trust in a research report on Monday, June 1st. Weiss Ratings raised Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Citigroup lifted their target price on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Mizuho set a $130.00 target price on Federal Realty Investment Trust and gave the company an “outperform” rating in a research report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $123.43.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $124.70 on Monday. The company’s 50-day moving average price is $117.91 and its 200-day moving average price is $109.02. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51. The company has a market cap of $10.77 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.98 and a beta of 0.94. Federal Realty Investment Trust has a twelve month low of $89.99 and a twelve month high of $126.41.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Park Square Financial Group LLC purchased a new position in Federal Realty Investment Trust during the 4th quarter worth $25,000. Turning Point Benefit Group Inc. grew its position in shares of Federal Realty Investment Trust by 1,853.8% during the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 241 shares in the last quarter. True Wealth Design LLC lifted its stake in Federal Realty Investment Trust by 88.7% in the fourth quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 126 shares during the period. Private Trust Co. NA lifted its stake in Federal Realty Investment Trust by 937.5% in the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 300 shares during the period. Finally, Advisory Services Network LLC bought a new position in Federal Realty Investment Trust during the 3rd quarter worth about $35,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.