Federal Realty Investment Trust (NYSE:FRT) Now Covered by Analysts at Wolfe Research

Wolfe Research assumed coverage on shares of Federal Realty Investment Trust (NYSE:FRT) in a report issued on Wednesday. The brokerage set an “outperform” rating and a $143.00 price target on the real estate investment trust’s stock. Wolfe Research’s target price would indicate a potential upside of 17.13% from the stock’s current price.

FRT has been the subject of a number of other research reports. Truist Financial increased their price objective on shares of Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a “hold” rating in a report on Friday, June 5th. Raymond James Financial restated an “outperform” rating and issued a $135.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, June 29th. Barclays boosted their price objective on Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Jefferies Financial Group raised Federal Realty Investment Trust to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Wells Fargo & Company boosted their price target on shares of Federal Realty Investment Trust from $120.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.12.

Federal Realty Investment Trust Trading Up 1.3%

Shares of FRT opened at $122.09 on Wednesday. Federal Realty Investment Trust has a 52-week low of $89.99 and a 52-week high of $126.41. The stock has a market cap of $10.55 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93. The firm’s fifty day moving average is $119.45 and its two-hundred day moving average is $110.15. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51.

Institutional Trading of Federal Realty Investment Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at $734,290,000. State Street Corp lifted its stake in Federal Realty Investment Trust by 1.4% during the 3rd quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock worth $675,610,000 after acquiring an additional 90,127 shares in the last quarter. Resolution Capital Ltd boosted its holdings in Federal Realty Investment Trust by 10.3% during the 1st quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock valued at $387,090,000 after acquiring an additional 340,524 shares during the period. Invesco Ltd. boosted its holdings in Federal Realty Investment Trust by 2.7% during the 4th quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust’s stock valued at $275,466,000 after acquiring an additional 72,718 shares during the period. Finally, Geode Capital Management LLC grew its position in Federal Realty Investment Trust by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust’s stock valued at $221,217,000 after acquiring an additional 23,214 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

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.