Upgrade Alert for Federal Realty Investment Trust (FRT)
Federal Realty Investment Trust (NYSE:FRT) was upgraded from Neutral to Buy at Mizuho today. The stock closed yesterday at $160.65 on volume of 378,000 shares, above average daily volume of 340,000.
In the past 52 weeks, Federal Realty Investment Trust share prices have been bracketed by a low of $124.87 and a high of $171.08 and closed yesterday at $160.65, 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.
Federal Realty Investment Trust is a self-administered real estate investment trust. The Company specializes in the ownership, management, development, and redevelopment of prime community and neighborhood shopping centers.
Federal Realty Investment Trust (NYSE:FRT) is currently priced 8.8% above its average consensus analyst price target of $146.57. The stock should discover initial support at its 50-day moving average (MA) of $153.57 and subsequent support at its 200-day MA of $144.58.
SmarTrend is tracking the current trend status for Federal Realty Investment Trust and will alert subscribers who have FRT in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades federal realty investment trust