Federal Realty Investment Trust (NYSE:FRT) Raised to “Strong-Buy” at Jefferies Financial Group

Federal Realty Investment Trust (NYSE:FRT) was upgraded by equities researchers at Jefferies Financial Group to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

A number of other research firms have also issued reports on FRT. Weiss Ratings raised Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. UBS Group set a $130.00 target price on Federal Realty Investment Trust in a research note on Monday, June 1st. Scotiabank increased their price target on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Piper Sandler reissued an “overweight” rating on shares of Federal Realty Investment Trust in a report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.21.

Federal Realty Investment Trust Trading Up 0.5%

Shares of NYSE:FRT opened at $125.19 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. The stock’s 50-day moving average is $117.91 and its 200-day moving average is $108.93. The company has a market cap of $10.81 billion, a P/E ratio of 21.73, a P/E/G ratio of 2.97 and a beta of 0.94. Federal Realty Investment Trust has a 52-week low of $89.99 and a 52-week high of $126.41.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds have recently added to or reduced their stakes in FRT. Park Square Financial Group LLC bought a new position in shares of Federal Realty Investment Trust in the fourth quarter worth about $25,000. Turning Point Benefit Group Inc. increased its holdings in shares of Federal Realty Investment Trust by 1,853.8% in the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 241 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of 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 valued at $27,000 after purchasing an additional 126 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Federal Realty Investment Trust by 937.5% in the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in Federal Realty Investment Trust in the third quarter worth about $35,000. Institutional investors own 93.86% of the company’s stock.

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.