Federal Realty Investment Trust (NYSE:FRT) Upgraded at JPMorgan Chase & Co.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research note issued on Friday, MarketBeat reports. The brokerage currently has a $125.00 target price on the real estate investment trust's stock, up from their prior target price of $122.00. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 11.69% from the stock's current price.

A number of other analysts have also recently commented on the stock. Compass Point boosted their target price on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. Truist Financial boosted their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, August 28th. Wells Fargo & Company raised their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an "overweight" rating in a research note on Wednesday, August 28th. Evercore ISI boosted their price target on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Finally, StockNews.com downgraded Federal Realty Investment Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $123.62.

Federal Realty Investment Trust Stock Up 2.2 %

Shares of NYSE FRT traded up $2.37 during mid-day trading on Friday, hitting $111.92. 1,812,990 shares of the stock traded hands, compared to its average volume of 630,128. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.14 and a beta of 1.24. The stock has a fifty day moving average price of $113.58 and a 200-day moving average price of $110.72. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56.

Hedge Funds Weigh In On Federal Realty Investment Trust

A number of hedge funds have recently bought and sold shares of FRT. Blue Trust Inc. grew its stake in shares of Federal Realty Investment Trust by 885.7% in the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 310 shares during the period. Raymond James & Associates raised its stake in Federal Realty Investment Trust by 12.1% during the 2nd quarter. Raymond James & Associates now owns 131,680 shares of the real estate investment trust's stock valued at $13,296,000 after buying an additional 14,175 shares during the last quarter. Family Firm Inc. purchased a new stake in Federal Realty Investment Trust during the 2nd quarter valued at $33,000. State of Michigan Retirement System lifted its holdings in shares of Federal Realty Investment Trust by 1.5% during the 2nd quarter. State of Michigan Retirement System now owns 20,462 shares of the real estate investment trust's stock valued at $2,066,000 after buying an additional 300 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Federal Realty Investment Trust by 22.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,882 shares of the real estate investment trust's stock worth $4,734,000 after buying an additional 8,749 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Company Profile

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.