Federal Realty Investment Trust (NYSE:FRT) Cut to Neutral at JPMorgan Chase & Co.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) was downgraded by equities researchers at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research note issued on Monday, MarketBeat reports. They currently have a $108.00 price target on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 12.16% from the stock's previous close.

A number of other equities analysts have also issued reports on FRT. Wells Fargo & Company lowered their target price on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Raymond James Financial dropped their price objective on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Citigroup reaffirmed a "neutral" rating and issued a $106.00 target price (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. BMO Capital Markets restated an "outperform" rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Finally, UBS Group reduced their price objective on Federal Realty Investment Trust from $118.00 to $103.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of "Moderate Buy" and an average price target of $112.54.

Federal Realty Investment Trust Stock Down 0.1%

Shares of FRT stock traded down $0.09 on Monday, reaching $96.29. 473,745 shares of the stock were exchanged, compared to its average volume of 779,556. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 4.15 and a beta of 1.11. The business's 50 day moving average price is $95.14 and its 200 day moving average price is $100.80. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.46. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The business had revenue of $302.29 million during the quarter, compared to the consensus estimate of $307.55 million. During the same quarter in the previous year, the firm earned $1.64 EPS. The company's revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of FRT. Norges Bank acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at about $810,544,000. Centersquare Investment Management LLC lifted its position in shares of Federal Realty Investment Trust by 935.8% during the 4th quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust's stock valued at $116,654,000 after acquiring an additional 941,414 shares during the period. Invesco Ltd. lifted its position in shares of Federal Realty Investment Trust by 41.4% during the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after acquiring an additional 893,258 shares during the period. Nuveen LLC purchased a new stake in shares of Federal Realty Investment Trust during the 1st quarter worth approximately $52,017,000. Finally, Northern Trust Corp grew its holdings in shares of Federal Realty Investment Trust by 73.4% in the 4th quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust's stock worth $138,231,000 after acquiring an additional 522,531 shares during the period. Institutional investors and hedge funds own 93.86% of the company's stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.