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

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) was downgraded by equities research analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They currently have a $108.00 target price on the real estate investment trust's stock. JPMorgan Chase & Co.'s price target points to a potential upside of 13.79% from the company's current price.

A number of other equities analysts have also commented on FRT. UBS Group dropped their price target 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. Wells Fargo & Company decreased their price objective on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Scotiabank reissued an "outperform" rating on shares of Federal Realty Investment Trust in a report on Wednesday, May 21st. Citigroup restated a "neutral" rating and issued a $106.00 price target (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Finally, Raymond James Financial decreased their price target 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. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.54.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock traded up $1.20 during trading hours on Monday, hitting $94.91. The company's stock had a trading volume of 635,752 shares, compared to its average volume of 700,456. The company has a market cap of $8.14 billion, a PE ratio of 27.19, a PEG ratio of 4.07 and a beta of 1.11. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.72 and a current ratio of 1.72. The business has a 50 day moving average price of $95.28 and a two-hundred day moving average price of $100.58. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34.

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

Hedge Funds Weigh In On Federal Realty Investment Trust

Hedge funds have recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at approximately $30,000. Versant Capital Management Inc increased its stake in Federal Realty Investment Trust by 82.3% in the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 130 shares during the period. GKV Capital Management Co. Inc. bought a new stake in shares of Federal Realty Investment Trust during the first quarter worth $30,000. Federated Hermes Inc. boosted its stake in shares of Federal Realty Investment Trust by 143.9% during the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 200 shares during the period. Finally, Dagco Inc. bought a new position in shares of Federal Realty Investment Trust in the first quarter worth about $34,000. 93.86% of the stock is currently owned by institutional investors.

About Federal Realty Investment Trust

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.