StockNews.com Downgrades Federal Realty Investment Trust (NYSE:FRT) to Sell

Federal Realty Investment Trust (NYSE:FRT) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

FRT has been the topic of a number of other research reports. Scotiabank increased their price target on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Evercore ISI increased their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $120.00 to $135.00 in a report on Friday, September 13th. Compass Point increased their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $122.00 to $125.00 in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.62.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $104.96 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $8.71 billion, a PE ratio of 30.51, a P/E/G ratio of 2.17 and a beta of 1.25. The company has a 50 day moving average price of $112.92 and a 200-day moving average price of $111.73. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of large investors have recently modified their holdings of the business. NBC Securities Inc. raised its stake in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 107 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Federal Realty Investment Trust in the third quarter valued at about $36,000. Eastern Bank purchased a new position in shares of Federal Realty Investment Trust in the third quarter worth about $52,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Federal Realty Investment Trust by 2,475.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 594 shares during the period. Finally, Y.D. More Investments Ltd purchased a new stake in Federal Realty Investment Trust in the second quarter valued at approximately $96,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.